Emulex Receives Average Recommendation of “Hold” from Analysts (NYSE:ELX)
Shares of Emulex (NYSE:ELX) have received an average recommendation of “Hold” from the fifteen analysts that are presently covering the stock, AnalystRatingsNetwork reports. Five research analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $6.85.
Separately, analysts at Barclays downgraded shares of Emulex from an “equal weight” rating to an “underweight” rating in a research note on Monday. They now have a $6.00 price target on the stock, down previously from $7.00.
Emulex (NYSE:ELX) traded down 8.63% on Monday, hitting $5.19. 790,775 shares of the company’s stock traded hands. Emulex has a one year low of $4.51 and a one year high of $8.33. The stock has a 50-day moving average of $5. and a 200-day moving average of $6.43. The company’s market cap is $418.5 million.
Emulex Corporation (NYSE:ELX) is a provider of a range of network convergence solutions that connect servers, storage, and networks within the data center.
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