Pure Storage, Inc. Class A Comm (NYSE:PSTG):
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The company is trading up by 1.13% since yesterday’s close of $12.36.
It is trading at $12.50 which is slightly below $13.35, the stock’s 50 day moving average and which is marginally lower than the 200 day moving average of $12.75. The 50 day moving average went down $-0.85 or -6.38% and the 200 day average was down $-0.25.
As of the latest earnings report the EPS was $-1.39 and is expected to be $-0.64 for the current year with 196,608,000 shares now outstanding. Next quarter’s EPS is estimated at $-0.11 with next year’s EPS projected to be $-0.44.
A few analysts have provided guidance on PSTG of late. Equity analyst JP Morgan initiated coverage on the stock with an initial rating of “Neutral”. On August 31, 2016 the stock rating was rated “Outperform” according to a Oppenheimer report which is up from the previous “Perform” rating.
On August 26 Susquehanna left the stock rating at “Neutral” but moved up the price target to $12.00 from $10.00. August 26 investment analysts at KeyBanc kept the stock rating at “Overweight” but lowered the price target from $24.00 to $18.00.
On August 26 Barclays held the stock rating at “Equal-weight” and lowered the price target to $16.00 from $19.00. On August 19 the company was changed to a “Negative” in a report from OTR Global down from the previous “” rating.