Goldman Sachs Raises Solera Holdings to Neutral (SLH)
Solera Holdings (NYSE: SLH) was upgraded by Goldman Sachs (NYSE: GS) from a “sell” rating to a “neutral” rating in a research note issued on Thursday. The firm currently has a $43.00 price target on the stock, down from their previous price target of $44.00.
SLH has been the subject of a number of other recent research reports. Analysts at Piper Jaffray (NYSE: PJC) cut their price target on shares of Solera Holdings from $52.00 to $48.00 in a research note to investors on Wednesday. They now have a “neutral” rating on the stock. Separately, analysts at Raymond James (NYSE: RJF) upgraded shares of Solera Holdings from a “market perform” rating to an “outperform” rating in a research note to investors on Monday, April 23rd. Finally, analysts at Zacks downgraded shares of Solera Holdings from a “neutral” rating to an “underperform” rating in a research note to investors on Saturday, February 18th.
Solera Holdings traded up 0.53% on Thursday, hitting $45.52. Solera Holdings has a 52-week low of $42.71 and a 52-week high of $62.35. The company has a market cap of $3.162 billion and a price-to-earnings ratio of 31.29.
Solera Holdings last posted its quarterly earnings results on Tuesday, May 8th. The company reported $0.70 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.69 by $0.01. The company’s quarterly revenue was up 12.8% on a year-over-year basis. Analysts expect that Solera Holdings will post $0.69 EPS next quarter.
Solera Holdings, Inc. is a provider of software and services to the automobile insurance claims processing industry.