The stocks of PING have been upgraded to a rating of ‘c-’ from ‘d+’ by the analysts working at TheStreet in one of their research notes.
According to TheStreetRatingsTable, PING has been the subject of quite a few research reports. Mizuho Securities has already decreased the price objective of the company from $36 to $29, along with a rating of ‘neutral’ in one of the research reports that were published on the 5th of November. BidaskClub has, on the other hand, increased the rating of the company from ‘hold’ to ‘buy’ in one of its research reports. Barclays has already cut the price target of the company from
$35 to $31 along with a rating of ‘overweight’ on the stocks of the company. Raymond James has also brought out a rating of ‘strong buy’ on the company, along with a price target of $40 on their stocks. The Goldman Sachs Group has also started covering the stocks of this firm, as they set up a rating of ‘neutral’ on the stocks along with a target price of $33.
The Quarterly Earnings of PING
One research analyst has already given the stock a rating of ‘sell’, while five of them have given it a rating of ‘hold’. Twelve investment analysts have given it a rating of buy, while a single analyst has given it a rating of ‘strong buy. The current rating for the company is ‘Buy’, while the price target is set at $33.47.
The shares of PING traded at $30 last Monday. The quick ratio of the company is 4.92, while the debt-to-equity ratio of the company is 0.21. The market cap of the firm is $2.43 billion, with a PE ratio of around -428.51. The moving average for the firm for 50 days is $24.10, while the moving average over 200 days is $20.28. The year low is $12.02, while the year high is $37.80.