B.Riley FBR Keeps a Buy Rating on QAD Inc (QADA)


In a report released yesterday, Kevin Liu from B.Riley FBR reiterated a Buy rating on QAD Inc (NASDAQ: QADA), with a price target of $71. The company’s shares opened today at $51.85, close to its 52-week high of $55.35.

Liu wrote:

“We reiterate our Buy rating and $71 price target, which represents a FY20 (March) EV/sales multiple of 4x.”

According to TipRanks.com, Liu is a 5-star analyst with an average return of 12.8% and a 63.2% success rate. Liu covers the Technology sector, focusing on stocks such as Cornerstone Ondemand, Tyler Technologies, and American Software.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for QAD Inc with a $71 average price target.

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The company has a one-year high of $55.35 and a one-year low of $30.75. Currently, QAD Inc has an average volume of 42.7K.

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QAD, Inc. provides enterprise software solutions for global manufacturing companies primarily in the automotive, consumer products, food and beverage, technology, industrial products, and life sciences industries. Its applications provide critical functionality for managing manufacturing resources and operations within and beyond the enterprise, enabling global manufacturers to collaborate with their customers, suppliers and partners. It offers the On Premise and On Demand deployment models. The company was founded by Pamela Meyer Lopker in 1979 and is headquartered in Santa Barbara, CA.

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