Adobe Systems Stock Rating Reaffirmed by RBC Capital (ADBE)

The 50-day moving average is $80.81 and the 200 day moving average is recorded at $79.29. Analysts predict that Adobe Systems will post $2.07 earnings per share for the current year. Susquehanna’s target would suggest a potential upside of 13.92% from the company’s last stock price. The Electronic Forms company is now valued at $40.23 billion and its share price closed the last trading session at $80.65.

Shares of Adobe Systems Incorporated (NASDAQ:ADBE) ended Wednesday session in red amid volatile trading.

Masco Corp (NYSE:MAS) now trades at $ 26.78 which is only about -6.33 % lower than the 52-week high of $ 28.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Adobe Systems’s revenue was up 21.1% on a year-over-year basis. Block trade of up/down ratio of 0 was also registered with $0 million in upticks and $1.37 million in downticks.

The return on investment for Adobe Systems Incorporated (ADBE) is now 3.90% and weekly performance of – 1.910%.

Adobe Systems (NASDAQ:ADBE) fell in morning trades after the software company slashed its 2016 profit and sales forecast, in response to the negative effects of a stronger dollar. The most bullish analyst sees the stock heading towards $105 within the next 12 months while the most bearish sees the shares going to $82 in that same timeframe. This represented a surprise factor of 11.43% as the actual was $0.04 away from the Zacks consensus immediately prior to the release.

In related news, CEO Shantanu Narayen sold 22,422 shares of the stock in a transaction on Tuesday, September 1st. Lewnes Ann sold 4,000 shares worth $323,160. The shares were sold at an average price of $79.95, for a total transaction of $319,800.00. Equity Analysts at the RBC Capital maintains the rating on Adobe Systems Incorporated (NASDAQ:ADBE). The Analysts at the ratings agency lowers the price target from $105 per share to $100 per share. The disclosure for this sale can be found here. Finally, Sanford C. Bernstein reiterated a buy rating and issued a $103.00 price objective (up from $93.00) on shares of Adobe Systems in a report on Monday, July 6th. JPMorgan Chase & Co. reaffirmed a buy rating on shares of Adobe Systems in a research note on Friday, September 18th. The Firm offers products and services for professionals, marketers, program consumers, businesses and developers for delivering, managing, creating, optimizing and participating with content. Adobe markets and licenses its services and products through app stores and its own Website www.adobe.com. In Digital Media, the Company is engaged in supplying tools, services and solutions that enable to produce, print and encourage their content. In Digital Marketing, the Organization is engaged in providing solutions and services for measuring, managing, performing, creating and optimizing digital advertisements and marketing campaigns. Publishing segment and Adobe’s Print addresses various market opportunities, including eLearning options, technical document publishing, Web application development and high-end print.