Stephens Initiates Coverage on Symantec (SYMC)

By admin | 6 years ago

Stephens initiated coverage on shares of Symantec (NASDAQ: SYMC) in a research note issued on Wednesday. The firm set an “equal weight” rating on the stock.

Several other analysts have also recently commented on the stock. Analysts at Goldman Sachs (NYSE: GS) downgraded shares of Symantec from a “neutral” rating to a “sell” rating in a research note to investors on Monday. They now have a $16.00 price target on the stock, up previously from $14.00. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Symantec in a research note to investors on Tuesday, May 8th. They now have a $17.00 price target on the stock. Finally, analysts at UBS AG (NYSE: UBS) reiterated a “buy” rating on shares of Symantec in a research note to investors on Friday, May 4th.

Symantec traded up 0.40% on Wednesday, hitting $15.09. Symantec has a 1-year low of $14.74 and a 1-year high of $20.00. The company has a market cap of $10.986 billion and a price-to-earnings ratio of 9.57.

Symantec last released its earnings data on Wednesday, May 2nd. The company reported $0.38 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.38. Symantec’s revenue was up .5% compared to the same quarter last year. Analysts expect that Symantec will post $0.41 EPS next quarter.

Symantec Corporation (Symantec) provides security, storage, and systems management solutions. Symantec conducts the business in three geographic regions: Americas, which consist of the United States, Canada, and Latin America; Europe, the Middle East and Africa, and Asia Pacific Japan.

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