VMware Price Target Raised to $90.00 at Sterne Agee (VMW)
Investment analysts at Sterne Agee upped their price target on shares of VMware (NYSE:VMW) from $85.00 to $90.00 in a note issued to investors on Wednesday, AnalystRatingsNetwork reports. The firm currently has a “neutral” rating on the stock. Sterne Agee’s price target would indicate a potential upside of 7.73% from the stock’s previous close.
VMW has been the subject of a number of other recent research reports. Analysts at Raymond James raised their price target on shares of VMware from $86.00 to $98.00 in a research note to investors on Wednesday. They now have an “outperform” rating on the stock. Separately, analysts at Oppenheimer raised their price target on shares of VMware from $95.00 to $105.00 in a research note to investors on Tuesday. They now have an “outperform” rating on the stock. Finally, analysts at Jefferies Group raised their price target on shares of VMware from $100.00 to $102.00 in a research note to investors on Tuesday. They now have a “buy” rating on the stock. Three investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $105.97.
VMware (NYSE:VMW) traded down 1.72% on Wednesday, hitting $83.54. 4,188,318 shares of the company’s stock traded hands. VMware has a 52-week low of $64.86 and a 52-week high of $102.83. The stock’s 50-day moving average is $84.68 and its 200-day moving average is $76.40. The company has a market cap of $36.006 billion and a P/E ratio of 41.46. VMware also saw some unusual options trading activity on Monday. Traders acquired 21,122 call options on the stock. This represents an increase of approximately 560% compared to the typical volume of 3,199 call options.
VMware (NYSE:VMW) last issued its quarterly earnings data 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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