Avaya Holdings Corp. (NYSE:AVYA) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Avaya Holdings Corp. (NYSE:AVYAGet Rating) have been given an average recommendation of “Hold” by the ten analysts that are presently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and one has given a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $12.75.

A number of analysts have recently weighed in on AVYA shares. JPMorgan Chase & Co. lowered shares of Avaya from a “neutral” rating to an “underweight” rating and dropped their target price for the stock from $16.00 to $7.00 in a report on Wednesday, May 11th. BWS Financial downgraded Avaya from a “buy” rating to a “sell” rating in a research report on Thursday, May 12th. Cowen lowered Avaya from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $26.00 to $6.00 in a research note on Friday, May 13th. Barclays downgraded Avaya from an “equal weight” rating to an “underweight” rating and decreased their target price for the stock from $8.00 to $5.00 in a research report on Tuesday, May 17th. Finally, Cowen cut Avaya from an “outperform” rating to a “market perform” rating and cut their target price for the company from $26.00 to $6.00 in a research note on Friday, May 13th.

Shares of NYSE AVYA opened at $3.42 on Thursday. The company’s fifty day moving average is $6.68 and its 200-day moving average is $12.87. Avaya has a twelve month low of $2.93 and a twelve month high of $27.62. The stock has a market cap of $293.56 million, a price-to-earnings ratio of -10.69 and a beta of 1.63. The company has a quick ratio of 1.61, a current ratio of 1.66 and a debt-to-equity ratio of 6.54.

Avaya (NYSE:AVYAGet Rating) last released its quarterly earnings results on Tuesday, May 10th. The company reported $0.53 earnings per share for the quarter, missing the consensus estimate of $0.61 by ($0.08). The firm had revenue of $716.00 million for the quarter, compared to analyst estimates of $737.62 million. Avaya had a positive return on equity of 51.82% and a negative net margin of 0.62%. The business’s revenue for the quarter was down 3.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.60 earnings per share. On average, research analysts anticipate that Avaya will post 1.67 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Capital World Investors raised its holdings in shares of Avaya by 123.2% in the fourth quarter. Capital World Investors now owns 6,038,354 shares of the company’s stock valued at $119,559,000 after purchasing an additional 3,333,354 shares during the last quarter. Contour Asset Management LLC boosted its position in shares of Avaya by 40.0% in the fourth quarter. Contour Asset Management LLC now owns 6,195,839 shares of the company’s stock valued at $122,678,000 after acquiring an additional 1,769,074 shares during the period. American Century Companies Inc. boosted its position in shares of Avaya by 29.7% in the first quarter. American Century Companies Inc. now owns 5,860,505 shares of the company’s stock valued at $74,253,000 after acquiring an additional 1,342,087 shares during the period. Alta Fundamental Advisers LLC lifted its position in Avaya by 30.0% during the first quarter. Alta Fundamental Advisers LLC now owns 1,739,475 shares of the company’s stock worth $22,039,000 after purchasing an additional 401,200 shares during the period. Finally, Peregrine Capital Management LLC lifted its position in Avaya by 54.1% during the first quarter. Peregrine Capital Management LLC now owns 944,653 shares of the company’s stock worth $11,969,000 after purchasing an additional 331,775 shares during the period.

Avaya Company Profile (Get Rating)

Avaya Holdings Corp., through its subsidiaries, provides digital communications products, solutions, and services for businesses worldwide. The company operates in two segments, Products & Solutions and Services. The Products & Solutions segment offers unified communications and collaboration (UCC), and contact center (CC) platforms, applications, and devices.

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Analyst Recommendations for Avaya (NYSE:AVYA)

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