The Devil in the Details: Analysts Take Aim at Autodesk, Inc. (NASDAQ:ADSK)

Autodesk, Inc. (NASDAQ:ADSK) currently has an A verage Broker Rating of 1.67. This number is based on the 15 sell-side firms polled by Zacks. The ABR rank within the industry stands at 103. Analysts on a consensus basis are expecting that the stock will reach $158.59 within the year.  The ABR is provided by Zacks which simplfies analyst ratings into an integer based number. They use a one to five scale where they translate brokerage firm Buy/Sell/Hold recommendations into an average broker rating. A low number in the 1-2 range typically indicates a Buy, 3 represents a Hold and 4-5 represents a consensus Sell rating. 

An evaluation of a stock’s expected performance and/or its risk level as judged by a rating agency such as Standard and Poor’s. A stock rating will usually tell the investor how well a stock’s market value relates to what analysts believe is a fair value for the stock, based on an objective evaluation of the company. The greater the amount by which the fair value exceeds the market value, the more highly recommended a buy the stock is. Conversely, if the market value of the stock exceeds the fair value of the stock, then analysts recommend that the stock be sold.

There are plenty of technical indicators that traders can choose to follow. With so many different signals to follow, traders may choose to focus on a small number of indicators to start. Many technical analysts will use a combination of different signals in order to help identify the best entry and exit points of a trade. Becoming a master at spotting trends and creating charts may seem impossible for the novice investor. Taking the time to fully understand the methods behind the indicators may help the trader with trying to sort everything out. Studying up on the theory behind some of the more popular indicators  may help the trader understand exactly what they are doing when setting up their charts.  

Autodesk, Inc. (NASDAQ:ADSK) closed the last session at $151.35 and sees an average of 2133115 shares trade hands in each session. The 52-week low of the stock stands at $103.8 while the current level stands at 89.04% of the 52-week High-Low range. Looking further out we can see that the stock has moved 9.88% over the past 12 weeks and 44.38% year to date.

Research analysts are predicting that Autodesk, Inc. (NASDAQ:ADSK) will report earnings of $.04 per share when the firm issues their next quarterly report. This is the consensus earnings per share number according to data from Zack’s Research.

Most recently Autodesk, Inc. (NASDAQ:ADSK) posted quarterly earnings of $.19 which compared to the sell-side estimates of .17. The stock’s 12-month trailing earnings per share stands at $.04. Shares have moved $13.18 over the past month and more recently, $1.71 over the past week heading into the earnings announcement. There are 8 analyst projections that were taken into consideration from respected brokerage firms.

11 analysts rate Autodesk, Inc. a Buy or Strong Buy, which is 73.33% of all the analyst ratings.

Strictly technical traders typically don’t pay a whole lot of attention to fundamental factors such as value, competition, or company management. Technical analysts want to figure out trends based on indicators, charts, and prior price data. These types of traders are usually highly active and hold positions for short periods of time in order to capitalize on short-term price fluctuations. Active traders may be quick to unload a position if it does not pan out as expected. Technicians often pay a great deal of attention to support and resistance levels. These are levels where traders believe a specific stock will either see a bounce or a pullback. 

This article is informational purposes only and should not be considered a recommendation to buy or sell the stock.

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