In the previous three months, PAR Technology (NYSE: PAR) has received ratings from six analysts, presenting a range of perspectives from optimistic to pessimistic.
When examining their recent ratings, there appears to be a change in sentiment over the past 30 days compared to the previous months:
– Bullish: 4
– Somewhat Bullish: 1
– Indifferent: 1
– Somewhat Bearish: 0
– Bearish: 0
Regarding 12-month price targets, the analysts have predicted an average target of $56.83, with a high estimate of $61.00 and a low estimate of $51.00. This indicates an 11.0% increase from the prior average price target of $51.20.
A detailed analysis of recent analyst actions offers a deeper understanding of how financial experts perceive PAR Technology:
Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target
—|—|—|—|—|—
Will Nance | Goldman Sachs | Raises | Neutral | $51.00 | $45.00
Charles Nabhan | Stephens & Co. | Raises | Overweight | $60.00 | $46.00
Mark Palmer | Benchmark | Raises | Buy | $61.00 | $59.00
Mayank Tandon | Needham | Raises | Buy | $57.00 | $53.00
Mark Palmer | Benchmark | Announces | Buy | $59.00 | –
Mayank Tandon | Needham | Maintains | Buy | $53.00 | $53.00
Analysts frequently update their recommendations based on evolving market conditions and company performance, reflecting their reactions to recent developments related to PAR Technology. These updates provide insight into analysts’ perceptions of the company’s current state.
In addition to their actions, analysts assess stocks qualitatively, offering ratings spanning from ‘Outperform’ to ‘Underperform’, which convey expectations for the relative performance of PAR Technology compared to the broader market.
The dynamics of price targets, where analysts provide estimates for the future value of PAR Technology’s stock, also reveal trends in analysts’ expectations over time.
Diving deeper into PAR Technology, the company, together with its subsidiaries, provides management technology solutions integral to the point-of-sale infrastructure and task management, information gathering, assimilation, and communication services. While its restaurant/retail segment focuses on providing point-of-sale and management technology solutions, the government segment offers intelligence, surveillance, and reconnaissance solutions and mission systems support.
Examining PAR Technology’s financial performance, we observe that the company’s market capitalization falls below industry averages, indicating a smaller scale relative to its peers. Additionally, the company has seen positive revenue growth, with a noteworthy rate of 5.04% as of 31 March, 2024, surpassing the average growth rate among peers in the Information Technology sector.
However, challenges in achieving strong profitability, evidenced by a net margin of -17.34%, and difficulties in efficiently utilizing equity capital and assets, highlighted by a below-industry standards ROE of -4.26% and ROA of -2.02%, respectively, present areas of concern. Furthermore, a higher-than-average debt-to-equity ratio of 0.73 indicates a heavier reliance on borrowed funds, raising questions about financial leverage.
For investors interested in tracking analyst ratings and small-cap stock news, staying informed and making data-driven decisions is essential. By carefully analysing analyst evaluations alongside relevant financial metrics, investors can gain a comprehensive understanding of PAR Technology’s market position.
Ultimately, while analyst ratings provide valuable insights, it’s important to note that these projections come from humans and may be subject to error. Investors should consider a holistic approach to decision-making, taking into account both analyst ratings and the company’s financial performance.
This blog post was written based on information from Benzinga and is intended to provide a comprehensive analysis of PAR Technology through the lens of analyst insights.