Mentor Graphics Corp. (MENT) Cut to Neutral at Credit Suisse Group AG
Credit Suisse Group AG cut shares of Mentor Graphics Corp. (NASDAQ:MENT) from an outperform rating to a neutral rating in a report published on Monday. They currently have $37.25 price objective on the stock, up from their prior price objective of $34.00.
Several other research analysts have also issued reports on the company. DA Davidson lowered Mentor Graphics Corp. from a buy rating to a neutral rating in a report on Tuesday, November 15th. Zacks Investment Research upgraded Mentor Graphics Corp. from a strong sell rating to a hold rating in a report on Thursday, October 20th. TheStreet upgraded Mentor Graphics Corp. from a hold rating to a buy rating in a report on Friday, October 7th. Pacific Crest reiterated a hold rating on shares of Mentor Graphics Corp. in a report on Thursday, August 18th. Finally, KeyCorp reiterated a hold rating on shares of Mentor Graphics Corp. in a report on Tuesday, August 16th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Mentor Graphics Corp. presently has an average rating of Hold and an average price target of $30.42.
Shares of Mentor Graphics Corp. (NASDAQ:MENT) opened at 36.55 on Monday. The company has a market capitalization of $3.98 billion, a P/E ratio of 43.98 and a beta of 0.66. The company has a 50-day moving average price of $30.93 and a 200 day moving average price of $24.56. Mentor Graphics Corp. has a 1-year low of $16.10 and a 1-year high of $37.03.
Mentor Graphics Corp. (NASDAQ:MENT) last announced its quarterly earnings results on Tuesday, November 22nd. The company reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.09. The business had revenue of $322.52 million for the quarter. Mentor Graphics Corp. had a return on equity of 8.42% and a net margin of 8.06%. The firm’s revenue was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.28 EPS. Equities research analysts anticipate that Mentor Graphics Corp. will post $1.68 EPS for the current year.
ILLEGAL ACTIVITY NOTICE: “Mentor Graphics Corp. (MENT) Cut to Neutral at Credit Suisse Group AG” was first posted by Financial Market News and is the sole property of of Financial Market News. If you are reading this story on another domain, it was illegally copied and reposted in violation of United States & international trademark & copyright laws. The correct version of this story can be accessed at http://www.financial-market-news.com/mentor-graphics-corp-ment-cut-to-neutral-at-credit-suisse-group-ag/1212251/.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 3rd. Stockholders of record on Thursday, December 8th will be issued a $0.055 dividend. The ex-dividend date of this dividend is Tuesday, December 6th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 0.60%. Mentor Graphics Corp.’s dividend payout ratio is presently 27.85%.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Crow Point Partners LLC bought a new position in Mentor Graphics Corp. during the third quarter worth $210,000. Credit Suisse AG raised its position in Mentor Graphics Corp. by 2,172.4% in the third quarter. Credit Suisse AG now owns 3,560,973 shares of the company’s stock worth $94,153,000 after buying an additional 3,404,271 shares in the last quarter. Ameritas Investment Partners Inc. raised its position in Mentor Graphics Corp. by 68.0% in the third quarter. Ameritas Investment Partners Inc. now owns 40,742 shares of the company’s stock worth $1,077,000 after buying an additional 16,489 shares in the last quarter. Phocas Financial Corp. raised its position in Mentor Graphics Corp. by 6.5% in the third quarter. Phocas Financial Corp. now owns 265,579 shares of the company’s stock worth $7,022,000 after buying an additional 16,196 shares in the last quarter. Finally, Verition Fund Management LLC bought a new position in Mentor Graphics Corp. during the third quarter worth $583,000. Institutional investors own 98.89% of the company’s stock.
Mentor Graphics Corp. Company Profile
Mentor Graphics Corporation is a supplier of electronic design automation (EDA) tools, which include computer software and emulation hardware systems used to automate the design, analysis and testing of complex electro-mechanical systems, electronic hardware and embedded systems software in electronic systems and components.
Receive News & Ratings for Mentor Graphics Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mentor Graphics Corp. and related companies with MarketBeat.com's FREE daily email newsletter.