Several other brokerages also recently commented on CARB. B. Riley set a $35.00 target price on Carbonite and gave the company a buy rating in a research note on Tuesday, September 10th. Lake Street Capital cut their target price on Carbonite from $39.00 to $29.00 and set a buy rating on the stock in a research note on Friday, July 26th. Jefferies Financial Group downgraded Carbonite from a buy rating to a hold rating and cut their target price for the company from $29.00 to $17.00 in a research note on Monday, October 7th. Craig Hallum downgraded Carbonite from a buy rating to a hold rating and cut their target price for the company from $43.00 to $25.00 in a research note on Friday, July 26th. Finally, Barclays cut their target price on Carbonite from $20.00 to $16.00 and set an underweight rating on the stock in a research note on Monday, October 7th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus target price of $25.80.
CARB stock traded up $0.15 on Monday, reaching $18.40. 1,224,200 shares of the company traded hands, compared to its average volume of 625,777. Carbonite has a one year low of $11.86 and a one year high of $30.41. The company has a debt-to-equity ratio of 2.49, a current ratio of 0.64 and a quick ratio of 0.64. The company has a market cap of $629.97 million, a P/E ratio of 14.72, a price-to-earnings-growth ratio of 0.62 and a beta of 0.75. The firm has a fifty day simple moving average of $15.91 and a 200-day simple moving average of $19.70.
Carbonite Company Profile
Carbonite, Inc, together with its subsidiaries, provides backup, disaster recovery, high availability, and workload migration technology solutions in the United States. Its solutions include Carbonite Safe, a cloud backup solution for individuals and businesses that protects customer data from accidental deletions, crashes, ransomware, viruses, and other common threats; and Carbonite Endpoint that protects the data, which resides on an organization's computers, laptops, tablets, and smartphones.
Further Reading: Analyzing a company’s cash flow statement
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