According to The Fly, in a report released today, Phillip Huang from Barclays maintained a Buy rating on Open Text (NASDAQ: OTEX). The company’s shares opened today at $31.99, close to its 52-week low of $31.98.
Huang has an average return of 3.0% when recommending Open Text.
According to TipRanks.com, Huang is ranked #406 out of 4895 analysts.
Open Text has an analyst consensus of Strong Buy, with a price target consensus of $42.50, representing a 32.9% upside. In a report released yesterday, MUFG Securities Americas Inc also maintained a Buy rating on the stock with a $38 price target.
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Open Text’s market cap is currently $9.02B and has a P/E ratio of 37.14. The company has a Price to Book ratio of 2.43.
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Open Text Corp. enagges in the design, development, marketing, and sales of enterprise information management software and solutions. Its services include consulting services; managed services; learning services; cloud managed services; and optimized service programs. The company was founded on June 26, 1991 and is headquartered in Waterloo, Canada.
