EMC Corp. Receives “Buy” Rating from TheStreet (EMC)
EMC Corp. (NYSE:EMC)‘s stock had its “buy” rating reaffirmed by research analysts at TheStreet in a report released on Thursday, Analyst Ratings Network.com 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, growth in earnings per share, increase in net income, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.”
A number of other analysts have also recently weighed in on EMC. Analysts at Zacks reiterated a “neutral” rating on shares of EMC Corp. in a research note to investors on Thursday, January 30th. They now have a $26.00 price target on the stock. Separately, analysts at Mizuho downgraded shares of EMC Corp. from a “buy” rating to a “neutral” rating in a research note to investors on Wednesday, January 29th. They now have a $27.00 price target on the stock, down previously from $30.00. They noted that the move was a valuation call. Finally, 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. Seven investment analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $29.52.
Shares of EMC Corp. (NYSE:EMC) opened at 24.03 on Thursday. EMC Corp. has a one year low of $21.45 and a one year high of $27.34. The stock has a 50-day moving average of $25.11 and a 200-day moving average of $25.17. The company has a market cap of $48.541 billion and a price-to-earnings ratio of 17.95.
EMC Corp. (NYSE:EMC) last released its earnings data on Wednesday, January 29th. The company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.01. The company had revenue of $6.70 billion for the quarter, compared to the consensus estimate of $6.64 billion. During the same quarter in the prior year, the company posted $0.54 earnings per share. The company’s quarterly revenue was up 10.8% on a year-over-year basis. Analysts expect that EMC Corp. will post $1.95 EPS for the current fiscal year.
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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