Friday, January 15, 2021

why Autodesk Inc. [ADSK] is a Good Choice for Investors After New Price Target of $246.10

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Autodesk Inc. [NASDAQ: ADSK] traded at a high on 08/18/20, posting a 1.54 gain after which it closed the day’ session at $242.69. The company report on August 17, 2020 that Autodesk Completes Acquisition of AI-Powered Software Provider Pype.

Pype’s suite of software solutions will integrate with the Autodesk Construction Cloud portfolio for streamlined project management and automation of critical construction workflows.


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Autodesk, Inc. (NASDAQ: ADSK) has completed the acquisition of Pype and its portfolio of cloud-based software solutions for the construction industry. This acquisition and resulting product integrations will provide additional value for Autodesk Construction Cloud users, allowing general contractors, subcontractors and owners to automate workflows such as submittals and project closeout to increase overall productivity and reduce risk throughout the project lifecycle.

The results of the trading session contributed to over 1482465 shares changing hands. Over the past one week, the price volatility of Autodesk Inc. stands at 2.66% while the volatility over the past one month is 2.87%.

The market cap for ADSK stock reached $54.07 billion, with 219.20 million shares outstanding and 217.23 million shares in the current float. Compared to the average trading volume of 1.46M shares, ADSK reached a trading volume of 1482465 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Autodesk Inc. [ADSK]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ADSK shares is $246.10 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ADSK stock is a recommendation set at 2.20. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Oppenheimer have made an estimate for Autodesk Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on July 09, 2020. While these analysts kept the previous recommendation, Wells Fargo raised their target price from $220 to $240. The new note on the price target was released on May 28, 2020, representing the official price target for Autodesk Inc. stock. Previously, the target price had yet another drop from $205 to $200, while Wedbush kept a Neutral rating on ADSK stock. On May 28, 2020, analysts increased their price target for ADSK shares from 165 to 190.

The Average True Range (ATR) for Autodesk Inc. is set at 7.34, with the Price to Sales ratio for ADSK stock in the period of the last 12 months amounting to 15.79. Price to Free Cash Flow for ADSK in the course of the last twelve months was 36.96 with Quick ratio for the last quarter at 0.80.

How has ADSK stock performed recently?

Autodesk Inc. [ADSK] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 6.08. With this latest performance, ADSK shares dropped by -1.36% in over the last four-week period, additionally plugging by 15.15% over the last 6 months – not to mention a rise of 66.02% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ADSK stock in for the last two-week period is set at 55.39, with the RSI for the last a single of trading hit 58.74, and the three-weeks RSI is set at 55.70 for Autodesk Inc. [ADSK]. The present Moving Average for the last 50 days of trading for this stock 237.12, while it was recorded at 237.16 for the last single week of trading, and 194.45 for the last 200 days.

Autodesk Inc. [ADSK]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Autodesk Inc. [ADSK] shares currently have an operating margin of +10.97 and a Gross Margin at +88.87. Autodesk Inc.’s Net Margin is presently recorded at +6.59.

Return on Total Capital for ADSK is now 16.68, given the latest momentum, and Return on Invested Capital for the company is 11.34. Additionally, ADSK Total Debt to Total Capital is recorded at 105.78, with Total Debt to Total Assets ending up at 41.18.

Reflecting on the efficiency of the workforce at the company, Autodesk Inc. [ADSK] managed to generate an average of $21,238 per employee. Receivables Turnover for the company is 5.78 with a Total Asset Turnover recorded at a value of 0.60.Autodesk Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.80 and a Current Ratio set at 0.80.

Earnings analysis for Autodesk Inc. [ADSK]

With the latest financial reports released by the company, Autodesk Inc. posted 0.65/share EPS, while the average EPS was predicted by analysts to be reported at 0.61/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 6.60%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for ADSK. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Autodesk Inc. go to 33.27%.

Insider trade positions for Autodesk Inc. [ADSK]

There are presently around $48,990 million, or 96.70% of ADSK stock, in the hands of institutional investors. The top three institutional holders of ADSK stocks are: VANGUARD GROUP INC with ownership of 18,044,503, which is approximately -0.43% of the company’s market cap and around 0.20% of the total institutional ownership; BLACKROCK INC., holding 17,649,713 shares of the stock with an approximate value of $4.28 billion in ADSK stocks shares; and CAPITAL RESEARCH GLOBAL INVESTORS, currently with $3.51 billion in ADSK stock with ownership of nearly -2.433% of the company’s market capitalization.

Positions in Autodesk Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 439 institutional holders increased their position in Autodesk Inc. [NASDAQ:ADSK] by around 16,203,717 shares. Additionally, 385 investors decreased positions by around 18,164,468 shares, while 114 investors held positions by with 167,494,662 shares. The mentioned changes placed institutional holdings at 201,862,847 shares, according to the latest SEC report filing. ADSK stock had 156 new institutional investments in for a total of 2,266,261 shares, while 76 institutional investors sold positions of 3,926,663 shares during the same period.

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