NetApp (NASDAQ:NTAP – Get Free Report) was downgraded by research analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Monday
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A number of other brokerages also recently weighed in on NTAP. JPMorgan Chase & Co. lifted their price target on NetApp from $110.00 to $150.00 and gave the company a “neutral” rating in a report on Friday, May 29th. Susquehanna raised their price objective on NetApp from $110.00 to $185.00 and gave the stock a “neutral” rating in a research report on Friday, May 29th. Wedbush lifted their target price on NetApp from $115.00 to $150.00 and gave the company a “neutral” rating in a research note on Friday, May 29th. Weiss Ratings upgraded NetApp from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, June 8th. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $200.00 price target on shares of NetApp in a research report on Tuesday, June 2nd. Five equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $169.33.
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NASDAQ NTAP opened at $168.87 on Monday. The stock’s 50-day moving average price is $148.15 and its two-hundred day moving average price is $118.68. The company has a current ratio of 1.44, a quick ratio of 1.39 and a debt-to-equity ratio of 1.84. The company has a market cap of $33.09 billion, a PE ratio of 26.55, a PEG ratio of 3.09 and a beta of 1.46. NetApp has a 1 year low of $93.69 and a 1 year high of $192.83
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