EMC Corp. (NYSE: EMC) has recently received a number of price target changes and ratings updates:
9/11/2016 – EMC Corp. had its “hold” rating reaffirmed by analysts at Robert W. Baird.
9/8/2016 – EMC Corp. had its “buy” rating reaffirmed by analysts at Oppenheimer Holdings Inc..
9/1/2016 – EMC Corp. was downgraded by analysts at Hilliard Lyons from a “buy” rating to a “neutral” rating.
8/31/2016 – EMC Corp. had its “market perform” rating reaffirmed by analysts at Wells Fargo & Co..
8/25/2016 – EMC Corp. had its price target raised by analysts at Deutsche Bank AG from $27.00 to $29.00. They now have a “hold” rating on the stock.
7/29/2016 – EMC Corp. was downgraded by analysts at Sanford C. Bernstein from an “outperform” rating to a “market perform” rating. They now have a $28.00 price target on the stock.
7/26/2016 – EMC Corp. is now covered by analysts at Citigroup Inc.. They set a “neutral” rating and a $32.09 price target on the stock.
7/24/2016 – EMC Corp. had its “buy” rating reaffirmed by analysts at Drexel Hamilton.
7/22/2016 – EMC Corp. had its “hold” rating reaffirmed by analysts at Argus.
7/19/2016 – EMC Corp. was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong sell” rating. According to Zacks, “EMC Corp. reported decent second quarter 2016 results, wherein both earnings and revenues were ahead of the Zacks Consensus Estimate. However, this happens to be the last earnings release for EMC prior to its pending merger with Dell. At the Jul 19 meeting, the company will be putting the anticipated merger deal with Dell to shareholders for approval. This apart, EMC is yet to get the regulatory approval from China in order to go ahead with the merger.”
7/19/2016 – EMC Corp. had its “outperform” rating reaffirmed by analysts at Robert W. Baird. They now have a $29.00 price target on the stock, up previously from $28.00.
7/18/2016 – EMC Corp. was downgraded by analysts at Citigroup Inc. to a “market perform” rating.
7/18/2016 – EMC Corp. was downgraded by analysts at Raymond James Financial Inc. from an “outperform” rating to a “market perform” rating.
Shares of EMC Corp. (NYSE:EMC) opened at 29.05 on Monday. EMC Corp. has a one year low of $22.99 and a one year high of $29.13. The stock’s 50 day moving average price is $28.52 and its 200-day moving average price is $27.28.
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EMC Corp. (NYSE:EMC) last released its quarterly earnings data on Monday, July 18th. The information technology service provider reported $0.45 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.03. The company had revenue of $6 billion for the quarter, compared to analysts’ expectations of $6 billion. EMC Corp. had a net margin of 8.55% and a return on equity of 11.98%. The business’s revenue was up .3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.43 EPS. On average, analysts forecast that EMC Corp. will post $1.84 earnings per share for the current fiscal year.
EMC Corporation (EMC) develops, delivers and supports the information technology (IT) industry’s range of information infrastructure and virtual infrastructure technologies, solutions and services. EMC manages the Company as part of a federation of businesses: EMC Information Infrastructure, VMware Virtual Infrastructure, Pivotal and Virtustream.
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