J.P. Morgan analyst Joseph George CFA maintained a Sell rating on Nemetschek (0FDT – Research Report) today and set a price target of €95.00. The company’s shares closed yesterday at €95.97.
Currently, the analyst consensus on Nemetschek is a Hold with an average price target of €102.33.
Based on Nemetschek’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of €202.78 million and a net profit of €38.78 million. In comparison, last year the company earned a revenue of €169.32 million and had a net profit of €34.22 million
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Nemetschek (0FDT) Company Description:
Nemetschek is a Germany-based provider of software solutions for the construction industry. Most of the users of Nemetschek software are architects, civil engineers, structural designers, design planners, and landscape architects. Its product capabilities include computer-aided design and engineering, 3D visualization, cost planning and invoicing, calculation and administration, facility management, animation, and rendering. The firm generates revenue from over a hundred countries in the Americas, Europe, and Asia.
