Amdocs Receives a Rating Update from a Top Analyst

By Austin Angelo

Jefferies analyst Ken Usdin reiterated a Hold rating on Amdocs (NASDAQ: DOX) yesterday and set a price target of $70. The company’s shares closed yesterday at $65.33.

According to TipRanks.com, Usdin is a top 25 analyst with an average return of 19.6% and a 88.7% success rate. Usdin covers the Financial sector, focusing on stocks such as Government Properties Income Trust, Old National Bancorp Capital, and Discover Financial Services.

Amdocs has an analyst consensus of Moderate Buy, with a price target consensus of $70.60.

Amdocs’ market cap is currently $9.5B and has a P/E ratio of 22.76. The company has a book value ratio of 2.6513.

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Amdocs Ltd. engages in providing software and services for communications, pay TV, entertainment and media industry. The company’s principal activities are to develop, implement and manage software and services associated with business support systems and operational support systems to enable service providers to introduce new products.