Citrix Systems, Watson Pharmaceuticals: S&P Gainers

NEW YORK ( TheStreet) -- Citrix Systems ( CTXS) and Watson Pharmaceuticals ( WPI) were among the best-performing stocks in the S&P 500 on Thursday.

The S&P 500 rose 9.29 points, or 0.67%, to 1,399.98 on Thursday.

Shares of Citrix Systems gained 12.43% to $86.76. On Thursday, the stock was upgraded to outperform by FBR Securities analysts with a $100 price target after a big earnings beat.

The company reported Wednesday after the close first-quarter earnings of 59 cents a share, excluding items, up from year-earlier earnings of 50 cents. On average, analysts expected earnings of 51 cents a share.

First quarter revenue grew 20% to $589 million.

Citrix Systems trades at an estimated price-to-earnings ratio for next year of 27.37X; the average for software companies is 30.58X. For comparison, Salesforce.com ( CRM) has a higher forward P/E of 74.88X.

Twenty-three of the 35 analysts who cover Citrix rated it buy. Eleven analysts gave the stock a hold rating and one rated it sell.

TheStreet Ratings gives Citrix an A- grade with a buy rating and $90.32 price target. The stock has risen 42.89% year to date.

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

Watson Pharmaceuticals shares increased 6.77% to $74.41.

The stock hit a 52-week high Thursday of $75.95 following the announcement Wednesday that Watson Pharmaceuticals is acquiring Swiss generic drug maker Actavis for $5.6 billion.

Watson Pharmaceuticals' forward P/E is 11.58X; the average for pharmaceutical companies is 22.68X. For comparison, Perrigo ( PRGO) has a higher forward P/E of 19.39X.

Seventeen of the 24 analysts who cover Watson Pharmaceuticals rated it buy; seven analysts gave the stock a hold rating.

TheStreet Ratings gives Watson Pharmaceuticals an A grade with a buy rating and $82.18 price target. The stock has risen 23.32% year to date.


Other top-performing S&P 500 stocks on Thursday included:
  • PulteGroup (PHM): The stock increased 10.11% Thursday to $9.58. The stock has risen 51.82% year to date. TheStreet Ratings gives PulteGroup a D+ grade and sell rating.
  • Cabot Oil & Gas (COG): The stock rose 7.21% Thursday to $33.00. The stock has fallen 13.16% year to date. TheStreet Ratings gives Cabot Oil & Gas a B- grade with a buy rating and $40.66 price target.
  • Xilinx (XLNX): The stock increased 6.77% Thursday to$36.65. The stock has risen 14.32% year to date. TheStreet Ratings gives Xilinx an A grade with a buy rating and $42.27 price target.
  • O'Reilly Automotive (ORLY): The stock rose 6.23% Thursday to $102.64. The stock has increased 28.38% year to date. TheStreet Ratings gives O'Reilly Automotive an A grade with a buy rating and $125.99 price target.
  • Electronic Arts (EA): The stock increased 6.13% Thursday to$15.93. The stock has fallen 22.67% year to date. TheStreet Ratings gives Electronic Arts a C- grade and hold rating.
  • Interpublic Group (IPG): The stock rose 5.85% Thursday to $11.76. The stock has increased 20.86% year to date. TheStreet Ratings gives Interpublic Group a B grade with a buy rating and $12.54 price target.
  • Lennar (LEN): The stock increased 5.71% Thursday to $27.38. The stock has risen 39.34% year to date. TheStreet Ratings gives Lennar a C+ grade and hold rating.
  • Equifax (EFX): The stock rose 5.37% Thursday to $46.33. The stock has increased 19.59% year to date. TheStreet Ratings gives Equifax an A grade with a buy rating and $50.72 price target.

-- Written by Alexandra Zendrian

>To contact the writer of this article, click here: Alexandra Zendrian

>To submit a news tip, send an email to: tips@thestreet.com.

>To follow the writer on Twitter, go to Alexandra Zendrian.

More from Investing

Danica Patrick's Final Race at 2018 Indianapolis 500: What She Thinks About Cars

Danica Patrick's Final Race at 2018 Indianapolis 500: What She Thinks About Cars

Why The FANG Stocks' Dominance May Not Be So Bad For The Market

Why The FANG Stocks' Dominance May Not Be So Bad For The Market

At End of May, Investors Signalling They May Stay Away

At End of May, Investors Signalling They May Stay Away

Inside Carnival's Mind Blowing New Horizon Cruise Ship (Video)

Inside Carnival's Mind Blowing New Horizon Cruise Ship (Video)

Neel Kashkari: The Heart of Our Financial System Is More Radioactive Than Ever

Neel Kashkari: The Heart of Our Financial System Is More Radioactive Than Ever