EMC Corp. Rating Reiterated by TheStreet (EMC)
EMC Corp. (NYSE:EMC)‘s stock had its “buy” rating reiterated by research analysts at TheStreet in a report released on Wednesday, StockRatingsNetwork 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, largely solid financial position with reasonable debt levels by most measures and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.”
Other equities research analysts have also recently issued reports about the stock. Analysts at Argus reiterated a “buy” rating on shares of EMC Corp. in a research note to investors on Friday, January 17th. They now have a $30.00 price target on the stock. Separately, analysts at Macquarie initiated coverage on shares of EMC Corp. in a research note to investors on Tuesday, January 14th. They set a “neutral” rating on the stock. Finally, analysts at Atlantic Securities initiated coverage on shares of EMC Corp. in a research note to investors on Monday, January 13th. They set an “overweight” rating on the stock. Six equities research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $29.48.
Shares of EMC Corp. (NYSE:EMC) traded down 1.22% on Wednesday, hitting $26.01. 3,358,279 shares of the company’s stock traded hands. EMC Corp. has a 1-year low of $21.45 and a 1-year high of $27.34. The stock’s 50-day moving average is $24.6 and its 200-day moving average is $25.18. The company has a market cap of $53.525 billion and a P/E ratio of 21.06.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, January 23rd. Stockholders 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 1.52%. The ex-dividend date is Monday, January 6th.
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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