Deutsche Bank Reiterates Buy on Dell (DELL)

By admin | 6 years ago

Dell (NASDAQ: DELL)‘s stock had its “buy” rating reaffirmed by research analysts at Deutsche Bank (NYSE: DB) in a report released on Wednesday.

Shares of Dell opened at 12.49 on Wednesday. Dell has a 52 week low of $12.31 and a 52 week high of $18.36. The company has a market cap of $22.008 billion and a P/E ratio of 6.64.

Dell last announced its earnings results on Tuesday, May 22nd. The company reported $0.43 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.46 by $0.03. The company’s quarterly revenue was down 4.0% on a year-over-year basis. On average, analysts predict that Dell will post $0.55 earnings per share next quarter.

A number of other firms have also recently commented on DELL. Analysts at Credit Suisse (NYSE: CS) cut their price target on shares of Dell to $14.00 in a research note to investors on Wednesday. They now have an “underperform” rating on the stock. Separately, analysts at Morgan Stanley (NYSE: MS) reiterated an “equal weight” rating on shares of Dell in a research note to investors on Wednesday. They now have a $16.00 price target on the stock, down previously from $18.00. Finally, analysts at Jefferies Group (NYSE: JEF) cut their price target on shares of Dell to $15.00 in a research note to investors on Wednesday. They now have a “hold” rating on the stock.

Dell Inc. (Dell) is a global information technology company that offers its customers a range of solutions and services delivered directly by Dell and through other distribution channels.

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