Brokers Issue Forecasts for Open Text Corp’s Q1 2017 Earnings (OTC)
Open Text Corp (TSE:OTC) – Analysts at National Bank Financial issued their Q1 2017 earnings estimates for shares of Open Text Corp in a research note issued to investors on Monday. National Bank Financial analyst R. Tse forecasts that the brokerage will post earnings per share of $1.14 for the quarter. National Bank Financial has a “Outperform Overweight” rating on the stock. National Bank Financial also issued estimates for Open Text Corp’s Q2 2017 earnings at $1.35 EPS, Q3 2017 earnings at $1.23 EPS and Q4 2017 earnings at $1.45 EPS.
Other equities research analysts also recently issued research reports about the company. TD Securities raised their target price on Open Text Corp from C$63.00 to C$70.00 and gave the company a “buy” rating in a report on Tuesday, July 26th. Royal Bank Of Canada reissued an “outperform” rating and issued a C$86.00 target price on shares of Open Text Corp in a report on Tuesday, September 13th.
Open Text Corp (TSE:OTC) opened at 85.36 on Wednesday. The firm has a 50-day moving average of $83.12 and a 200-day moving average of $76.12. Open Text Corp has a 52-week low of $56.44 and a 52-week high of $87.50. The firm has a market cap of $10.31 billion and a PE ratio of 36.64.
About Open Text Corp
Open Text Corp is a Canada-based independent company. The Company provides various software products and services that assist organizations in finding, utilizing, and sharing business information from any device. Its enterprise information management (EIM) offerings include Enterprise Content Management (ECM), Business Process Management (BPM), Customer Experience Management (CEM), Information Exchange (iX), Discovery and Analytics.
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