The Bull Case for Adobe Systems Incorporated (ADBE)


The company has market cap of $75.42 billion. The Company, through its subsidiary Alleghany Insurance Holdings LLC and its subsidiaries, is engaged in the property and casualty insurance business. The RSI computes momentum as the ratio of higher closes to lower closes: stocks which have had more or stronger positive changes have a higher RSI than stocks which have had more or stronger negative changes. (RSUI), CapSpecialty, Inc. (CapSpecialty) and Pacific Compensation Corporation (PacificComp).

Adobe Systems Incorporated (ADBE) closed its previous trading session at $153 with the gain of 1.74%. Suvretta Capital Management Llc owns 2.51 million shares or 11% of their U.S. portfolio.

Adobe Systems Incorporated, launched on May 9, 1997, is a software company. The monthly stock performance comes in at -2.77%. The 1-year high was reported on Oct, 19 by Royal Bank Of Canada increased their price target on shares of Adobe Systems to $177.00 and gave the company an "outperform" rating in a research note on Thursday.

For the full year 2018, Adobe expects adjusted earnings of $5.50 per share and revenues of about $8.7 billion. The 1 year EPS growth rate is 59.20%.

Mraz Amerine & Associates Inc. holds 7% of its portfolio in Alleghany Corporation for 37,806 shares. The shares were sold at an average price of $155.88, for a total value of $304,433.64. Moreover, Lomas Capital Management Llc has 5.45% invested in the company for 42,606 shares. Boyd Watterson Asset Limited Liability Oh, Ohio-based fund reported 11,292 shares.

About 1,497 shares traded.

Since May 10, 2017, it had 0 buys, and 2 insider sales for $614,410 activity.

In other Adobe Systems news, EVP Ann Lewnes sold 1,953 shares of the stock in a transaction that occurred on Wednesday, September 13th.

Adobe Systems Incorporated (ADBE) stock price rose 39.9 percent over the past one year, while increased 15.85 percent during the past 6 months. Lonestar Capital Management Llc who had been investing in Xpo Logistics Inc for a number of months, seems to be bullish on the $7.63 billion market cap company. The Company offers products and services used by professionals, marketers, knowledge workers, application developers, enterprises and consumers for creating, managing, delivering, measuring, optimizing and engaging with compelling content and experiences. It has a 33.9 P/E ratio. The Company operates through two segments: Original Equipment Manufacturing, which supplies the software algorithms and EyeQ chip, and After Market, which sells a complete system, which includes its software algorithms and EyeQ chip, as well as the camera and other necessary components. Nine equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the stock. Therefore 0 are positive. The lowest target is $115.0 while the high is $150.0. Adobe Systems had 116 analyst reports since August 11, 2015 according to SRatingsIntel. As per Thursday, October 19, the company rating was maintained by Canaccord Genuity. As per Wednesday, September 21, the company rating was maintained by Citigroup. Piper Jaffray maintained it with "Buy" rating and $180.0 target in Wednesday, September 20 report. Morgan Stanley maintained Adobe Systems Incorporated (NASDAQ:ADBE) on Friday, June 16 with "Hold" rating. On Friday, March 18 the stock rating was maintained by Credit Suisse with "Neutral". J P Morgan Chase & Co's price target points to a potential upside of 20.92% from the company's current price. It indicates oversold and overbought price levels for a stock. The firm earned "Outperform" rating on Wednesday, September 21 by RBC Capital Markets.