Tuesday, July 2, 2013

Analyst ratings on Textura and ARC Document Solutions

Textura Corp Receives New Coverage from Analysts at Oppenheimer (NYSE: TXTR) and Zacks upgrades ARC (NYSE: ARC) from Neutral to Outperform

July 2nd, 2013 - by Tyrone Williams, writing for DailyPolitical.com

Investment analysts at Oppenheimer started coverage on shares of Textura Corp (NASDAQ: TXTR) in a note issued to investors on Tuesday, TheFlyOnTheWall.com reports. The firm set an “outperform” rating and a $35.00 price target on the stock. Oppenheimer’s price objective suggests a potential upside of 31.14% from the company’s current price.
The analysts wrote, “Textura (initiating Outperform rated; $35 target) is currently disrupting the collaboration intensive commercial construction market by bringing to the owners, general contractors and subcontractor masses an easy-to-use suite of SaaS products that improves productivity and lowers risk. Textura’s endmarket (estimated ~$1.2B TAM presently) is on the cusp of a major expansion cycle after a lengthy downturn that should triple its TAM over the next few years. We think Textura’s unique combination of simplicity, computing power, fast deployment, and network effects puts the company in an enviable position to take advantage of this large opportunity by addressing industry participants who mostly use manual processes (i.e., spreadsheets) or legacy, on-premise software, but not formal SaaS construction collaboration applications today.”
Shares of Textura Corp (NASDAQ: TXTR) traded up 3.15% during mid-day trading on Tuesday, hitting $27.53. Textura Corp has a 52 week low of $19.68 and a 52 week high of $27.63. The stock’s 50-day moving average is currently $23.21. The company’s market cap is $602.9 million.
Textura Corporation is a provider of on-demand business collaboration software to the commercial construction industry.

ARC Document Solutions Upgraded to “Outperform” at Zacks (ARC)

July 1st, 2013

ARC Document Solutions (NYSE: ARC) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a note issued to investors on Friday, Analyst Ratings Network.com reports. The firm currently has a $4.40 price objective on the stock. Zacks‘ price objective would indicate a potential upside of 10.00% from the stock’s previous close.
ARC Document Solutions (NYSE: ARC) opened at 4.00 on Friday. ARC Document Solutions has a 52-week low of $2.12 and a 52-week high of $5.95. The stock’s 50-day moving average is currently $3.7. The company’s market cap is $185.0 million.

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