Endava plc (NYSE:DAVA) Receives Consensus Rating of “Buy” from Analysts - Defense World - Financial Daily News Site

Endava plc (NYSE:DAVA) Receives Consensus Rating of “Buy” from Analysts – Defense World


Endava plc (NYSE:DAVA – Get Rating) has received a consensus rating of “Buy” from the eleven research firms that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $147.67.

A number of research analysts recently weighed in on the company. Cowen cut their price objective on Endava from $155.00 to $125.00 in a research note on Friday, May 13th. Deutsche Bank Aktiengesellschaft cut their price objective on Endava from $154.00 to $94.00 in a research note on Friday, May 13th. Wedbush cut their price objective on Endava from $200.00 to $120.00 in a research note on Monday, May 16th. Zacks Investment Research raised Endava from a “strong sell” rating to a “hold” rating in a research note on Wednesday, March 9th. Finally, Susquehanna lowered their target price on Endava from $200.00 to $150.00 in a report on Friday, May 13th.

Several large investors have recently made changes to their positions in DAVA. BlackRock Inc. grew its holdings in shares of Endava by 0.5% during the 3rd quarter. BlackRock Inc. now owns 925,650 shares of the company’s stock worth $125,751,000 after purchasing an additional 4,472 shares in the last quarter. Barclays PLC grew its holdings in shares of Endava by 16,468.0% during the 3rd quarter. Barclays PLC now owns 12,426 shares of the company’s stock worth $1,688,000 after purchasing an additional 12,351 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Endava by 169.5% during the 3rd quarter. Goldman Sachs Group Inc. now owns 78,859 shares of the company’s stock worth $10,713,000 after purchasing an additional 49,593 shares in the last quarter. US Bancorp DE grew its holdings in shares of Endava by 6.7% during the 3rd quarter. US Bancorp DE now owns 1,241 shares of the company’s stock worth $168,000 after purchasing an additional 78 shares in the last quarter. Finally, Blueshift Asset Management LLC grew its holdings in shares of Endava by 15.1% during the 3rd quarter. Blueshift Asset Management LLC now owns 2,813 shares of the company’s stock worth $382,000 after purchasing an additional 368 shares in the last quarter. 49.74% of the stock is currently owned by institutional investors.

DAVA opened at $105.02 on Friday. Endava has a fifty-two week low of $86.17 and a fifty-two week high of $172.41. The business has a 50-day moving average of $113.25 and a 200-day moving average of $129.13. The company has a market capitalization of $5.85 billion, a PE ratio of 61.06 and a beta of 1.17.

Endava (NYSE:DAVA – Get Rating) last posted its quarterly earnings results on Thursday, May 12th. The company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.05. Endava had a return on equity of 20.94% and a net margin of 11.84%. The company had revenue of $169.20 million during the quarter, compared to the consensus estimate of $162.36 million. During the same period last year, the business earned $0.32 EPS. The business’s quarterly revenue was up 50.7% on a year-over-year basis. Equities analysts forecast that Endava will post 1.57 earnings per share for the current year.

Endava Company Profile (Get Rating)

Endava plc provides technology services for clients in the consumer products, healthcare, mobility, and retail verticals in Europe, Latin America, North America, and internationally. The company offers technology and digital advisory services for payments and financial services, and TMT sectors; IT strategies; business analysis services; program management services; digital product strategy services; and architecture, extended reality, machine learning and artificial intelligence, product design, and user experience and visual design services.

Recommended Stories

Analyst Recommendations for Endava (NYSE:DAVA)



Receive News & Ratings for Endava Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Endava and related companies with MarketBeat.com’s FREE daily email newsletter.

Tags: #Endava #plc #NYSEDAVA #Receives #Consensus #Rating #Buy #Analysts #Defense #World

Leave a Comment