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

ANSYS, Inc. (NASDAQ:ANSS) currently has an A verage Broker Rating of 2.42. This number is based on the 12 sell-side firms polled by Zacks. The ABR rank within the industry stands at 93. Analysts on a consensus basis are expecting that the stock will reach $176.89 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.

Many traders and investors opt to study technical analysis when approaching the stock market. Technical analysts study changes in stock price that occur over various amounts of time. Some analysts will study by the minute or hour. Others will choose to zoom out to days, weeks, months, or even longer. Studying price action over different time periods can help provide the investor with valuable information to help make the best possible investing decisions. Keeping an eye on the stock market, it can be seen that certain trends repeat over time. These trends or patterns might not be exact, but they can be noticeable. Spotting these patterns and watching for momentum shifts can be a highly useful tool for any trader or investor. Many chartists will focus on multiple indicators when doing technical analysis. Becoming familiar with indicators and learning to spot trends may take a lot of time and effort to achieve.   

Research analysts are predicting that ANSYS, Inc. (NASDAQ:ANSS) will report earnings of $1.24 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.

ANSYS, Inc. (NASDAQ:ANSS) closed the last session at $171.73 and sees an average of 373872.34 shares trade hands in each session. The 52-week low of the stock stands at $136.81 while the current level stands at 66.26% of the 52-week High-Low range. Looking further out we can see that the stock has moved 7.17% over the past 12 weeks and 20.14% year to date.

Most recently ANSYS, Inc. (NASDAQ:ANSS) posted quarterly earnings of $1.31 which compared to the sell-side estimates of 1.49. The stock’s 12-month trailing earnings per share stands at $4.93. Shares have moved $12.54 over the past month and more recently, $4.49 over the past week heading into the earnings announcement. There are 6 analyst projections that were taken into consideration from respected brokerage firms.

Investors will most likely be looking ahead to the next round of company earnings reports. As the reports come in, all eyes will be on the companies that post wide margin earnings beats or misses. Many investors will be closely tracking which way analyst estimates are being adjusted right before earnings. This may provide some insight on how good or bad the numbers for the quarter are likely to be. Investors might want to take a look at their holdings after the earnings reports to make sure that nothing extremely odd is occurring after crunching the numbers.

6 analysts rate ANSYS, Inc. a Buy or Strong Buy, which is 50% of all the analyst ratings.