Aspen Technology, Inc. provides enterprise asset performance management, asset performance monitoring, and asset optimization solutions worldwide. The company's solutions address complex environments where it is critical to optimize the asset design, operation, and maintenance lifecycle. It serves bulk chemicals, consumer packaged goods, downstream, food and beverage, metals and mining, midstream and LNG, pharmaceuticals, polymers, pulp and paper, specialty chemicals, transportation, upstream, and water and wastewater industries; power generation, transmission, and distribution industries; and engineering, procurement, and construction industries. The company was incorporated in 2021 and is headquartered in Bedford, Massachusetts.
Wall Street Analysts Forecast Growth
A number of equities analysts recently weighed in on AZPN shares. Bank of America raised their price objective on Aspen Technology from $176.00 to $230.00 and gave the company a "buy" rating in a report on Monday, June 6th. Robert W. Baird cut Aspen Technology from an "outperform" rating to a "neutral" rating and decreased their price objective for the company from $170.00 to $162.00 in a report on Thursday, July 7th. StockNews.com raised Aspen Technology from a "sell" rating to a "hold" rating in a research note on Tuesday, July 12th. KeyCorp lifted their price target on Aspen Technology from $175.00 to $210.00 and gave the stock an "overweight" rating in a research note on Friday, July 8th. Finally, Loop Capital lifted their price target on Aspen Technology from $175.00 to $225.00 and gave the stock a "buy" rating in a research note on Wednesday, June 15th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $193.33.
Aspen Technology Trading Up 4.1 %
Shares of AZPN traded up $8.25 during mid-day trading on Wednesday, hitting $208.34. 183,424 shares of the company's stock traded hands, compared to its average volume of 331,202. The company has a quick ratio of 4.07, a current ratio of 4.07 and a debt-to-equity ratio of 0.33. Aspen Technology has a 1 year low of $122.29 and a 1 year high of $216.15. The firm has a market capitalization of $13.51 billion, a P/E ratio of 51.96, a PEG ratio of 2.38 and a beta of 1.21. The business's 50-day moving average price is $192.96 and its 200-day moving average price is $169.77.
Aspen Technology (NASDAQ:AZPN - Get Rating) last posted its earnings results on Monday, August 8th. The technology company reported $2.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.07 by $0.36. Aspen Technology had a return on equity of 40.86% and a net margin of 39.22%. The firm had revenue of $238.90 million for the quarter, compared to analysts' expectations of $293.17 million. During the same period in the previous year, the firm earned $1.43 earnings per share. The business's revenue was up 20.7% compared to the same quarter last year. As a group, sell-side analysts forecast that Aspen Technology will post 5.08 EPS for the current fiscal year.