Goldman Sachs Analysts Begin Coverage on Nuance Communications (NUAN)
Equities research analysts at Goldman Sachs (NYSE: GS) initiated coverage on shares of Nuance Communications (NASDAQ: NUAN) in a research note issued to investors on Monday. The firm set a “neutral” rating on the stock.
Several other analysts have also recently commented on the stock. Analysts at Oppenheimer (NYSE: OPY) reiterated an “outperform” rating on shares of Nuance Communications in a research note to investors on Friday, May 11st. They now have a $33.00 price target on the stock. Separately, analysts at Canaccord Genuity reiterated a “buy” rating on shares of Nuance Communications in a research note to investors on Friday, May 11st. Finally, analysts at Needham & Company reiterated a “buy” rating on shares of Nuance Communications in a research note to investors on Friday, May 11st.
Nuance Communications opened at 21.45 on Monday. Nuance Communications has a 52-week low of $15.56 and a 52-week high of $31.15. The company has a market cap of $6.577 billion and a price-to-earnings ratio of 146.92.
Nuance Communications last posted its quarterly earnings results on Thursday, May 10th. The company reported $0.43 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.42 by $0.01. Nuance Communications’s revenue was up 25.8% compared to the same quarter last year. Analysts expect that Nuance Communications will post $0.48 EPS next quarter.
Nuance Communications, Inc. is a provider of voice and language solutions for businesses and consumers around the world.