VMware Receives “Buy” Rating from Janney Montgomery Scott (VMW)
VMware (NYSE:VMW)‘s stock had its “buy” rating reaffirmed by stock analysts at Janney Montgomery Scott in a report issued on Thursday, American Banking News reports. They currently have a $100.00 target price on the stock. Janney Montgomery Scott’s target price would indicate a potential upside of 21.30% from the company’s current price.
Shares of VMware (NYSE:VMW) opened at 82.44 on Thursday. VMware has a 52-week low of $64.86 and a 52-week high of $99.55. The stock has a 50-day moving average of $85. and a 200-day moving average of $77.26. The company has a market cap of $35.409 billion and a P/E ratio of 45.55.
VMware (NYSE:VMW) last posted its quarterly earnings results on Tuesday, July 23rd. The company reported $0.79 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.77 by $0.02. The company had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter last year, the company posted $0.68 earnings per share. VMware’s revenue was up 10.4% compared to the same quarter last year. Analysts expect that VMware will post $3.32 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at FBN Securities upgraded shares of VMware (NYSE:VMW) from a “sector perform” rating to an “outperform” rating in a research note to investors on Thursday. They now have a $100.00 price target on the stock, up previously from $90.00. Separately, analysts at Jefferies Group cut their price target on shares of VMware (NYSE:VMW) from $105.00 to $100.00 in a research note to investors on Thursday. They now have a “buy” rating on the stock. Finally, analysts at Cantor Fitzgerald initiated coverage on shares of VMware (NYSE:VMW) in a research note to investors on Thursday, September 19th. They set a “hold” rating and a $86.00 price target on the stock. Three equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company. VMware presently has an average rating of “Hold” and an average price target of $92.47.
VMware, Inc is the provider of virtualization infrastructure solutions utilized by organizations to help transform the way they build, deliver and consume information technology (NYSE:VMW) resources.
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