EMC Corp. Receives “Buy” Rating from TheStreet (EMC)
EMC Corp. (NYSE:EMC)‘s stock had its “buy” rating reiterated by equities research analysts at TheStreet in a research note issued to investors on Tuesday, Analyst Ratings.Net reports.
The analysts wrote, “EMC Corporation (EMC) has been reiterated by TheStreet Ratings as a buy with a ratings score of B-. The company’s strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.”
EMC Corp. (NYSE:EMC) traded up 1.73% on Tuesday, hitting $25.29. The stock had a trading volume of 4,639,525 shares. EMC Corp. has a 52 week low of $21.45 and a 52 week high of $27.34. The stock has a 50-day moving average of $24.10 and a 200-day moving average of $25.04. The company has a market cap of $52.043 billion and a price-to-earnings ratio of 19.89.
EMC Corp. (NYSE:EMC) last posted its quarterly earnings results on Tuesday, October 22nd. The company reported $0.40 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.45 by $0.05. The company had revenue of $5.54 billion for the quarter, compared to the consensus estimate of $5.80 billion. During the same quarter last year, the company posted $0.40 earnings per share. EMC Corp.’s revenue was up 4.9% compared to the same quarter last year. Analysts expect that EMC Corp. will post $1.80 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, January 23rd. Investors of record on Wednesday, January 8th will be paid a dividend of 0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.61%. The ex-dividend date is Monday, January 6th.
Other equities research analysts have also recently issued reports about the stock. Analysts at Thomson Reuters/Verus downgraded shares of EMC Corp. from a “buy” rating to a “hold” rating in a research note to investors on Monday, December 30th. Separately, analysts at Zacks reiterated a “neutral” rating on shares of EMC Corp. in a research note to investors on Friday, November 29th. They now have a $25.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of EMC Corp. in a research note to investors on Friday, October 25th. They now have a $25.00 price target on the stock. Seven analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $29.41.
EMC Corporation (NYSE:EMC), and its subsidiaries develop, deliver and support the Information Technology (IT) industry’s range of information infrastructure and virtual infrastructure technologies, solutions and services.
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