12 analysts have shared their evaluations of PTC PTC during the recent three months, expressing a mix of bullish and bearish perspectives.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 2 | 9 | 1 | 0 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 0 | 0 | 0 | 0 | 0 |
| 2M Ago | 0 | 0 | 0 | 0 | 0 |
| 3M Ago | 2 | 8 | 1 | 0 | 0 |
Analysts have set 12-month price targets for PTC, revealing an average target of $199.92, a high estimate of $210.00, and a low estimate of $177.00. This upward trend is evident, with the current average reflecting a 11.87% increase from the previous average price target of $178.70.
Deciphering Analyst Ratings: An In-Depth Analysis
A comprehensive examination of how financial experts perceive PTC is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Joe Vruwink | Baird | Maintains | Outperform | $210.00 | - |
| Blair Abernethy | Rosenblatt | Raises | Buy | $195.00 | $166.00 |
| Matthew Hedberg | RBC Capital | Maintains | Outperform | $202.00 | - |
| Daniel Jester | BMO Capital | Raises | Outperform | $200.00 | $195.00 |
| Jason Celino | Keybanc | Raises | Overweight | $205.00 | $190.00 |
| Ken Wong | Oppenheimer | Raises | Outperform | $210.00 | $190.00 |
| Matthew Broome | Mizuho | Raises | Buy | $210.00 | $200.00 |
| Daniel Jester | BMO Capital | Raises | Outperform | $195.00 | $184.00 |
| Joe Vruwink | Baird | Raises | Outperform | $205.00 | $200.00 |
| Jason Celino | Keybanc | Raises | Overweight | $190.00 | $177.00 |
| Clarke Jeffries | Piper Sandler | Raises | Neutral | $177.00 | $155.00 |
| Stephen Tusa | JP Morgan | Raises | Overweight | $200.00 | $130.00 |
Key Insights:
- Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to PTC. This offers insight into analysts' perspectives on the current state of the company.
- Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of PTC compared to the broader market.
- Price Targets: Gaining insights, analysts provide estimates for the future value of PTC's stock. This comparison reveals trends in analysts' expectations over time.
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of PTC's market position. Stay informed and make well-informed decisions with our Ratings Table.
Stay up to date on PTC analyst ratings.
Unveiling the Story Behind PTC
PTC offers high-end computer-assisted design (Creo) and product lifecycle management (Windchill) software as well as Internet of Things and AR industrial solutions. Founded in 1985, PTC has 28,000 customers, with revenue stemming mostly from North America (45%) and Europe (40%).
Financial Milestones: PTC's Journey
Market Capitalization Analysis: Below industry benchmarks, the company's market capitalization reflects a smaller scale relative to peers. This could be attributed to factors such as growth expectations or operational capacity.
Revenue Growth: PTC's remarkable performance in 3 months is evident. As of 31 December, 2023, the company achieved an impressive revenue growth rate of 18.09%. This signifies a substantial increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Information Technology sector.
Net Margin: PTC's net margin is below industry standards, pointing towards difficulties in achieving strong profitability. With a net margin of 12.07%, the company may encounter challenges in effective cost control.
Return on Equity (ROE): PTC's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of 2.42%, the company may face hurdles in achieving optimal financial returns.
Return on Assets (ROA): The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of 1.06%, the company may need to address challenges in generating satisfactory returns from its assets.
Debt Management: PTC's debt-to-equity ratio stands notably higher than the industry average, reaching 0.87. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
The Significance of Analyst Ratings Explained
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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