Robert W. Baird analyst Jonathan Ruykhaver maintained a Hold rating on Check Point (CHKP) today and set a price target of $115. The company’s shares opened today at $111.
Ruykhaver commented:
“We estimate FCF to be ~flat YoY in FY19 due to higher expenses but view the stable growth profile/ shareholder friendly stance as attractive.”
According to TipRanks.com, Ruykhaver is a 5-star analyst with an average return of 23.3% and a 74.5% success rate. Ruykhaver covers the Technology sector, focusing on stocks such as Forescout Technologies Inc, Symantec Corp, and Mimecast Ltd.
Currently, the analyst consensus on Check Point is a Moderate Buy with an average price target of $118.33, which is a 6.6% upside from current levels. In a report released yesterday, Credit Suisse also maintained a Hold rating on the stock with a $110 price target.
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Check Point’s market cap is currently $17.3B and has a P/E ratio of 21.29. The company has a Price to Book ratio of 4.76.
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Check Point Software Technologies Ltd. engages in the development and market of software and hardware solutions for information technology security. Its products include threat prevention, next generation firewalls, mobile security, and security management.
