Sidoti Initiates Coverage on Mentor Graphics Corp (MENT)

By admin | 6 years ago

Equities researchers at Sidoti assumed coverage on shares of Mentor Graphics Corp (NASDAQ: MENT) in a report issued on Monday. The firm set a “buy” rating on the stock.

Shares of Mentor Graphics Corp traded up 1.07% during mid-day trading on Monday, hitting $14.20. Mentor Graphics Corp has a one year low of $8.50 and a one year high of $15.76. The company has a market cap of $1.561 billion and a P/E ratio of 18.99.

Mentor Graphics Corp last issued its quarterly earnings data on Tuesday, February 28th. The company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.08. The company’s revenue for the quarter was up 4.3% on a year-over-year basis. On average, analysts predict that Mentor Graphics Corp will post $0.16 earnings per share next quarter.

Other equities research analysts have also recently issued reports about the stock. Analysts at Canaccord Genuity reiterated a “buy” rating on shares of Mentor Graphics Corp in a research note to investors on Wednesday, February 29th. Analysts at Needham & Company raised their price target on shares of Mentor Graphics Corp from $16.00 to $19.00 in a research note to investors on Tuesday, February 28th. They now have a “buy” rating on the stock.

Mentor Graphics Corporation is a provider of software and hardware design solutions that enable its customers to develop electronic products.

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