VMware Coverage Initiated by Analysts at Macquarie (VMW)
Research analysts at Macquarie started coverage on shares of VMware (NYSE:VMW) in a report released on Tuesday, TheFlyOnTheWall.com reports. The firm set an “outperform” rating on the stock.
Shares of VMware (NYSE:VMW) traded up 4.00% on Tuesday, hitting $96.73. The stock had a trading volume of 3,294,073 shares. VMware has a 52 week low of $64.86 and a 52 week high of $99.10. The stock has a 50-day moving average of $87.65 and a 200-day moving average of $82.43. The company has a market cap of $41.629 billion and a P/E ratio of 45.37.
VMW has been the subject of a number of other recent research reports. Analysts at Jefferies Group raised their price target on shares of VMware from $102.00 to $114.00 in a research note to investors on Friday. Separately, analysts at TheStreet upgraded shares of VMware from a “hold” rating to a “buy” rating in a research note to investors on Thursday, January 2nd. Finally, analysts at Atlantic Securities initiated coverage on shares of VMware in a research note to investors on Monday, December 2nd. They set an “overweight” rating on the stock. Three analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $106.25.
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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