U.S. markets close in 1 minute

RBC Capital Sticks to Their Hold Rating for Ansys Inc

RBC Capital analyst Matthew Hedberg maintained a Hold rating on Ansys (NASDAQ:ANSS) Inc on Monday, setting a price target of $260, which is approximately 2.39% above the present share price of $253.93.

Hedberg expects Ansys Inc to post earnings per share (EPS) of $0.54 for the second quarter of 2020.

The current consensus among 8 TipRanks analysts is for a Moderate Buy rating of shares in Ansys, with an average price target of $266.14.
The analysts price targets range from a high of $308 to a low of $210.

In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $304.99 million and a net profit of $34.07 million. The company's market cap is $21.74 billion.

According to TipRanks.com, RBC Capital analyst Matthew Hedberg is a 5-star analyst with an average return of 20.2% and a 70.3% success rate.

ANSYS , Inc. engages in the development and marketing of engineering simulation software and services. It operates through the following geographical segments: United States; Japan; Germany; South Korea; France; China; Other EMEA; and Other International. The firm's solutions include automotive; aerospace and defense; construction; energy; materials and chemical processing; autonomous engineering; and electrification. The company was founded by John A. Swanson in 1970 and is headquartered in Canonsburg, PA.