Barclays Capital Gives Overweight Rating to EMC Corp. (EMC)

By admin | 6 years ago

EMC Corp. (NYSE: EMC)‘s stock had its “overweight” rating reaffirmed by Barclays Capital (NYSE: BCS) in a research note issued on Tuesday.

A number of other firms have also recently commented on EMC. Analysts at Zacks reiterated a “neutral” rating on shares of EMC Corp. in a research note to investors on Tuesday. They now have a $27.00 price target on the stock. Separately, analysts at Brean Murray reiterated a “buy” rating on shares of EMC Corp. in a research note to investors on Tuesday. They now have a $32.00 price target on the stock. Finally, analysts at Sterne Agee raised their price target on shares of EMC Corp. to $32.00 in a research note to investors on Thursday, April 12nd. They now have a “buy” rating on the stock.

EMC Corp. opened at 25.59 on Tuesday. EMC Corp. has a 52-week low of $19.84 and a 52-week high of $30.00. The company has a market cap of $53.732 billion and a price-to-earnings ratio of 22.18.

EMC Corp. last posted its quarterly earnings results on Thursday, April 19th. The company reported $0.37 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.36 by $0.01. The company’s quarterly revenue was up 10.5% on a year-over-year basis. Analysts expect that EMC Corp. will post $0.43 EPS next quarter.

EMC Corporation (EMC) and its subsidiaries develops, delivers and supports the information technology (IT) industry’s range of information infrastructure and virtual infrastructure technologies, solutions and services.

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