Taking a look at shares of Citrix Systems, Inc. (NASDAQ:CTXS), we can see that the average consensus target price based on contributing analysts is currently $111.55. Sell-side analysts often provide price target projections on where they believe the stock will be headed in the future. Because price target projections are essentially the opinions of covering analysts, they have the ability to vary widely from one analyst to another. Many investors will keep a close eye on target prices, especially when analysts provide fresh updates. A well-researched analyst report will typically offer a solid, detailed case for why the analyst believes that the stock will eventually hit the target. Investors might choose to rely heavily on analyst research and corresponding target predictions, or they may choose to use them as a guide to supplement their own research.
When it comes to securing profits in the stock market, investors may be trying to find a perfect system to help attain that goal. Dedicated investors may try strategies that have been passed on to them from other seasoned investors. Even after reading every piece of literature about investing, it might be hard to figure out which way is the best way to successfully conquer the market. Studying up on company fundamentals and following technical stock levels can be a good place to start, but creating and implementing a plan can be difficult. As we all know, markets change over time. What drives a market during one point in time may not drive the market at a future date. Knowing what to look for when studying technical levels or fundamentals may help lead down the path to increased profits. Many investors will choose to study the indicators with the highest probability of forecasting future market action.
As earnings season comes into focus, investors will be closely tracking sell-side estimates. According to analysts polled by Zacks Research, the current quarter EPS consensus estimate is currently sitting at 1.2 for shares of Citrix Systems, Inc. (NASDAQ:CTXS). The number consists of estimates provided by 11 contributing analysts. For the last reporting period, the company posted a quarterly EPS of 1.67. The consensus estimate for last quarter before the earnings report was 1.59. Looking out further to the next quarter EPS estimate, the consensus is currently resting at 1.38. This consensus estimate includes 10 analysts taken into consideration by Zacks. Shifting the focus to the current fiscal year EPS estimate, the number is currently 5.57. Widening the gaze to the next fiscal year, we can see that the consensus EPS estimate is presently 6.
Investors may be taking a closer look stock market trends as we move into the second half of the year. Investors often have to grapple with the timing of selling a stock. After all the research is done and the portfolio is rounded out, the time will eventually come when decisions need to be made about whether to hold a winner or sell to lock up some profits. Often times, investors will hold on to a certain stock for much too long letting profits erode. Thinking that a hot stock will keep going higher and higher, may lead to lost profits further down the road. On the flip side, investors may become emotionally attached to a stock and not be able to part ways when the time has come. Avoiding the trap of waiting for a stock to bounce back and just break even can lead to the undoing of the portfolio. The belief that a particular stock will definitely come back to the buying level may leave investors out in the cold. Being able to keep the emotions in check and stay focused on the pertinent data, may help the stock portfolio thrive into the future.
Checking in on stock price activity for Citrix Systems, Inc. (NASDAQ:CTXS), we have recently seen shares trading near the $100.88 mark. Investors will often track the current stock price in relation to its 52-week high and low levels. The 52-week high is currently $114.42, and the 52-week low is presently $91.33. When the current stock price is trading close to either the 52-week high or 52-week low, investors may pay closer attention to see if there will be a breakthrough that level. Over the past 12 weeks, the stock has seen a change of -2.25%. Going back to the start of the calendar year, we can see that shares have moved -1.54%. Pulling the focus closer to the past 4 weeks, shares have seen a change of -5.01%. Over the past 5 trading days, the stock has moved -1.93%.
Taking a quick look at analyst opinions, we can see that the current average broker recommendation on shares of Citrix Systems, Inc. (NASDAQ:CTXS) is presently 2.69. Out of the covering analysts polled by Zacks Research, 3 have put a Strong Buy or Buy rating on the stock.
Investors paying close attention to the daily ebbs and flows of the stock market may be trying to guess which way momentum will swing into the next couple of months. Finding those stocks that are ready to ride the lightning may not be the easiest task with markets chugging along near all time highs. Investors may have to first figure out how much risk they want to take on when picking the next round of stocks. Once the risk appetite is determined, investors can start to decide whether they think it is best to go with the flow or buck the trend. Either way, paying attention to short-term and long-term price moves may help paint a clearer picture of what is happening with a particular stock. Maybe those stocks that were sure-fire winners a few months ago have lost some steam. Adjusting the portfolio may or may not be necessary, but knowing exactly what stocks are owned and how they are performing may help with additional decision making along the way. Of course nobody wants to be on the outside looking in as a stock is taking off, but there should be plenty of other opportunities in the future. Staying current with global economic conditions and keeping a finger on the pulse of the company during earnings season can help shed some light on where the stock may be headed next.