Avaya Holdings Corp (AVYA) Receives $23.92 Average Target Price from Analysts

Shares of Avaya Holdings Corp (NYSE:AVYA) have received a consensus recommendation of “Hold” from the seven brokerages that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $23.92.

A number of equities analysts recently weighed in on AVYA shares. Barclays began coverage on shares of Avaya in a research note on Friday, October 5th. They set an “equal weight” rating for the company. Zacks Investment Research lowered shares of Avaya from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 10th. Goldman Sachs Group initiated coverage on shares of Avaya in a research note on Monday, December 17th. They set a “neutral” rating and a $20.00 price objective for the company. Finally, Morgan Stanley assumed coverage on shares of Avaya in a research note on Monday, January 7th. They issued an “equal weight” rating and a $18.50 price objective for the company.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AVYA. Vanguard Group Inc raised its holdings in shares of Avaya by 2.0% in the third quarter. Vanguard Group Inc now owns 9,335,685 shares of the company’s stock worth $206,693,000 after acquiring an additional 184,744 shares during the last quarter. Federated Investors Inc. PA increased its stake in Avaya by 32.4% in the third quarter. Federated Investors Inc. PA now owns 499,284 shares of the company’s stock valued at $11,054,000 after purchasing an additional 122,084 shares during the last quarter. Vanguard Group Inc. grew its position in Avaya by 2.0% during the third quarter. Vanguard Group Inc. now owns 9,335,685 shares of the company’s stock valued at $206,693,000 after acquiring an additional 184,744 shares during the period. Legal & General Group Plc grew its position in Avaya by 141.6% during the third quarter. Legal & General Group Plc now owns 40,419 shares of the company’s stock valued at $895,000 after acquiring an additional 23,689 shares during the period. Finally, Teachers Advisors LLC grew its position in Avaya by 2.2% during the third quarter. Teachers Advisors LLC now owns 207,909 shares of the company’s stock valued at $4,603,000 after acquiring an additional 4,382 shares during the period.

Shares of AVYA stock opened at $15.63 on Friday. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.11 and a current ratio of 1.18. Avaya has a 52 week low of $13.96 and a 52 week high of $23.76.

Avaya (NYSE:AVYA) last announced its earnings results on Tuesday, December 4th. The company reported $0.94 EPS for the quarter, topping the consensus estimate of $0.86 by $0.08. The business had revenue of $770.00 million during the quarter, compared to the consensus estimate of $768.00 million. Avaya had a net margin of 114.49% and a return on equity of 185.96%. The business’s revenue was up 2.0% compared to the same quarter last year. On average, equities analysts forecast that Avaya will post 3.55 EPS for the current fiscal year.

About Avaya

Avaya Holdings Corp. operates as a holding company which through its subsidiary, develops business collaboration and communications solutions worldwide. The company was formerly known as Sierra Holdings Corp. The company was incorporated in 2007 and is based in Santa Clara, California.

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Analyst Recommendations for Avaya (NYSE:AVYA)

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