Symantec Corporation (NASDAQ:SYMC) has been assigned an average rating of “Hold” from the twenty-eight analysts that are currently covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a sell recommendation, fifteen have given a hold recommendation and eight have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $31.70.
Several analysts have issued reports on the company. Evercore ISI restated a “hold” rating and issued a $25.00 target price on shares of Symantec in a research note on Friday. Piper Jaffray Companies set a $40.00 target price on Symantec and gave the company a “buy” rating in a research note on Sunday, October 15th. BidaskClub lowered Symantec from a “hold” rating to a “sell” rating in a research note on Tuesday, December 19th. Deutsche Bank began coverage on Symantec in a research note on Tuesday, December 19th. They set a “hold” rating and a $30.00 price objective on the stock. Finally, Jefferies Group lowered Symantec from a “hold” rating to an “underperform” rating and decreased their price objective for the company from $30.00 to $23.00 in a research note on Thursday, January 18th.
In other Symantec news, EVP Francis C. Rosch sold 57,103 shares of the company’s stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $27.42, for a total value of $1,565,764.26. Following the transaction, the executive vice president now directly owns 325,026 shares in the company, valued at approximately $8,912,212.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Nicholas R. Noviello sold 375,000 shares of the company’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $29.38, for a total value of $11,017,500.00. Following the completion of the transaction, the chief financial officer now owns 565,319 shares in the company, valued at $16,609,072.22. The disclosure for this sale can be found here. 1.30% of the stock is owned by corporate insiders.
Shares of Symantec (SYMC) traded up $0.56 on Friday, hitting $27.71. The company’s stock had a trading volume of 5,608,465 shares, compared to its average volume of 6,568,509. The company has a market capitalization of $16,832.51, a price-to-earnings ratio of -69.27, a PEG ratio of 2.75 and a beta of 1.08. The company has a debt-to-equity ratio of 1.72, a quick ratio of 1.12 and a current ratio of 1.12. Symantec has a 52-week low of $25.65 and a 52-week high of $34.20.
Symantec (NASDAQ:SYMC) last issued its earnings results on Wednesday, November 1st. The technology company reported $0.40 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.14. The firm had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.27 billion. Symantec had a positive return on equity of 12.33% and a negative net margin of 5.29%. The business’s revenue was up 25.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.30 earnings per share. equities analysts forecast that Symantec will post 1.05 EPS for the current year.
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Symantec Company Profile
Symantec Corporation is a United States-based cyber security company. The Company offers products under categories, such as threat protection, information protection and cyber security services. Under threat protection, it offers Advanced Threat Protection, Endpoint Protection, Endpoint Protection Cloud, IT Management Suite, Email Security, Cloud, Data Center Security and Cloud Workload Protection products.
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