VMware Price Target Increased to $102.00 by Analysts at Jefferies Group (VMW)
Investment analysts at Jefferies Group upped their price target on shares of VMware (NYSE:VMW) from $100.00 to $102.00 in a note issued to investors on Tuesday, Analyst Ratings Net reports. The firm currently has a “buy” rating on the stock. Jefferies Group’s price target points to a potential upside of 20.00% from the stock’s previous close.
A number of other firms have also recently commented on VMW. Analysts at Evercore Partners raised their price target on shares of VMware from $85.00 to $90.00 in a research note to investors on Tuesday. They now have an “equal weight” rating on the stock. Separately, analysts at Barclays raised their price target on shares of VMware from $103.00 to $106.00 in a research note to investors on Tuesday. They now have an “overweight” rating on the stock. Finally, analysts at Needham & Company reiterated a “buy” rating on shares of VMware in a research note to investors on Tuesday. They now have a $110.00 price target on the stock, up previously from $100.00. Three investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $105.93.
VMware (NYSE:VMW) traded up 2.84% during mid-day trading on Tuesday, hitting $85.00. The stock had a trading volume of 10,305,699 shares. VMware has a 52-week low of $64.86 and a 52-week high of $102.83. The stock has a 50-day moving average of $84.68 and a 200-day moving average of $76.40. The company has a market cap of $36.509 billion and a price-to-earnings ratio of 45.66. VMware also was the recipient of unusually large options trading activity on Monday. Stock traders acquired 21,122 call options on the stock. This represents an increase of approximately 560% compared to the typical daily volume of 3,199 call options.
VMware (NYSE:VMW) last announced its earnings results on Monday, October 21st. The company reported $0.84 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.82 by $0.02. The company had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the prior year, the company posted $0.70 earnings per share. The company’s quarterly revenue was up 13.7% on a year-over-year basis. Analysts expect that VMware will post $3.32 EPS for the current fiscal year.
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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