NetApp, Inc. (NTAP) Reaches $58.00 After 5.00% Up Move; 4 Analysts Are Bullish Ricardo plc (LON:RCDO) Last Week

February 20, 2018 - By David King

The stock of NetApp, Inc. (NASDAQ:NTAP) is a huge mover today! The stock increased 2.64% or $1.49 during the last trading session, reaching $58. About 952,235 shares traded. NetApp, Inc. (NASDAQ:NTAP) has risen 68.93% since February 20, 2017 and is uptrending. It has outperformed by 52.23% the S&P500.The move comes after 9 months positive chart setup for the $15.47 billion company. It was reported on Feb, 20 by Barchart.com. We have $60.90 PT which if reached, will make NASDAQ:NTAP worth $773.70M more.

Among 5 analysts covering Ricardo PLC (LON:RCDO), 4 have Buy rating, 1 Sell and 0 Hold. Therefore 80% are positive. Ricardo PLC had 35 analyst reports since September 10, 2015 according to SRatingsIntel. The firm has “Hold” rating by Berenberg given on Friday, January 15. Berenberg maintained it with “Hold” rating and GBX 845 target in Thursday, February 9 report. The firm has “Buy” rating given on Friday, February 26 by Liberum Capital. The stock of Ricardo plc (LON:RCDO) has “Add” rating given on Tuesday, July 19 by Peel Hunt. Peel Hunt maintained Ricardo plc (LON:RCDO) on Wednesday, November 8 with “Add” rating. Peel Hunt maintained the stock with “Add” rating in Thursday, September 15 report. Peel Hunt maintained it with “Buy” rating and GBX 1043 target in Tuesday, January 23 report. Liberum Capital maintained Ricardo plc (LON:RCDO) on Wednesday, November 1 with “Buy” rating. The company was maintained on Tuesday, January 24 by Peel Hunt. The firm has “Add” rating given on Tuesday, February 28 by Peel Hunt. See Ricardo plc (LON:RCDO) latest ratings:

23/01/2018 Broker: Peel Hunt Rating: Buy Old Target: GBX 1043.00 New Target: GBX 1043.00 Maintain
17/01/2018 Broker: Peel Hunt Rating: Buy Old Target: GBX 855.00 New Target: GBX 1041.00 Upgrade
17/01/2018 Broker: Liberum Capital Rating: Buy Old Target: GBX 1080.00 New Target: GBX 1080.00 Maintain
12/01/2018 Broker: Liberum Capital Rating: Buy Old Target: GBX 1025.00 New Target: GBX 1080.00 Maintain
08/11/2017 Broker: Peel Hunt Rating: Add Old Target: GBX 855.00 New Target: GBX 855.00 Maintain
08/11/2017 Broker: Liberum Capital Rating: Buy Old Target: GBX 1025.00 New Target: GBX 1025.00 Maintain
01/11/2017 Broker: Liberum Capital Rating: Buy Old Target: GBX 940.00 New Target: GBX 1025.00 Maintain
15/09/2017 Broker: Berenberg Rating: Sell Old Target: GBX 805.00 New Target: GBX 680.00 DownGrade
18/09/2017 Broker: Liberum Capital Rating: Buy Old Target: GBX 875.00 New Target: GBX 940.00 Maintain
15/09/2017 Broker: Jefferies Rating: Buy Old Target: GBX 1043.00 New Target: GBX 1043.00 Maintain

The stock decreased 0.02% or GBX 0.2 during the last trading session, reaching GBX 939.8. About 25,235 shares traded. Ricardo plc (LON:RCDO) has 0.00% since February 20, 2017 and is . It has underperformed by 16.70% the S&P500.

Ricardo plc provides engineering and strategic, technical, and environmental consultancy for original equipment manufacturers and operators, supply chain organizations, energy companies, financial institutions, and government agencies worldwide. The company has market cap of 501.89 million GBP. It operates through Technical Consulting and Performance Products divisions. It has a 20.25 P/E ratio. The firm offers technology consulting services for engines, driveline and transmission systems, hybrid and electric systems, and vehicle systems; and environmental consulting services.

Analysts await NetApp, Inc. (NASDAQ:NTAP) to report earnings on February, 21. They expect $0.74 earnings per share, up 2.78% or $0.02 from last year’s $0.72 per share. NTAP’s profit will be $197.43 million for 19.59 P/E if the $0.74 EPS becomes a reality. After $0.70 actual earnings per share reported by NetApp, Inc. for the previous quarter, Wall Street now forecasts 5.71% EPS growth.

NetApp, Inc. provides software, systems, and services to manage and store computer data worldwide. The company has market cap of $15.47 billion. It offers flash; flash arrays that support data management; hybrid arrays to deploy the speed of flash storage; hybrid cloud; ONTAP cloud storage data management service; NetApp cloud sync hybrid data management Software as a Service; NetApp private storage for cloud; and AltaVault cloud-integrated solutions. It has a 24.95 P/E ratio. The firm also provides ONTAP storage operating system for data protection and security; SANtricity storage operating system, which provides performance, reliability, and data protection for application-driven workloads; SolidFire element operating system; NetApp StorageGRID Webscale software that allows clients to store and manage massive amounts of data on premises and in the cloud; NetApp integrated data protection solutions; OnCommand management software and management integration tools; and FlexArray storage virtualization software.

Since August 30, 2017, it had 0 insider buys, and 9 sales for $4.35 million activity. The insider Kurian George sold 7,020 shares worth $417,550. $83,009 worth of NetApp, Inc. (NASDAQ:NTAP) shares were sold by RICHARD HENRI P. On Wednesday, January 3 the insider REICH JOEL D sold $362,686. NEVENS THOMAS MICHAEL had sold 20,000 shares worth $1.11 million on Tuesday, January 2. WALLACE RICHARD P had sold 34,000 shares worth $1.48 million.

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