Symantec Corp. Rating Reiterated by Nomura (SYMC)
Symantec Corp. (NASDAQ:SYMC)‘s stock had its “hold” rating restated by equities researchers at Nomura in a research report issued on Thursday, AR Network reports. They currently have a $29.00 price target on the stock. Nomura’s price target points to a potential upside of 17.79% from the stock’s previous close.
A number of other firms have also recently commented on SYMC. Analysts at RBC Capital cut their price target on shares of Symantec Corp. from $30.00 to $26.00 in a research note to investors on Thursday. They now have an “outperform” rating on the stock. Separately, analysts at FBR Capital Markets cut their price target on shares of Symantec Corp. from $26.00 to $22.00 in a research note to investors on Thursday. They now have a “market perform” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Symantec Corp. in a research note to investors on Wednesday, September 18th. They now have a $27.00 price target on the stock. Eleven analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $26.78.
Symantec Corp. (NASDAQ:SYMC) opened at 24.62 on Thursday. Symantec Corp. has a 1-year low of $17.02 and a 1-year high of $27.10. The stock’s 50-day moving average is $25.9 and its 200-day moving average is $24.24. The company has a market cap of $17.200 billion and a price-to-earnings ratio of 22.78.
Symantec Corp. (NASDAQ:SYMC) last announced its earnings results on Wednesday, October 23rd. The company reported $0.50 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.44 by $0.06. The company had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.69 billion. During the same quarter last year, the company posted $0.45 earnings per share. Symantec Corp.’s revenue was down 3.6% compared to the same quarter last year. Analysts expect that Symantec Corp. will post $1.90 EPS for the current fiscal year.
Symantec Corporation is a global provider of security, storage, and systems management solutions that help businesses and consumers secure and manage their information.
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