EMC Corp. (NYSE:EMC) has been assigned a consensus recommendation of “Hold” from the twenty-nine research firms that are presently covering the stock. One research analyst has rated the stock with a sell rating, eighteen have issued a hold rating and ten have assigned a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $31.02.
EMC has been the topic of several recent analyst reports. Oppenheimer Holdings Inc. reiterated a “buy” rating on shares of EMC Corp. in a report on Thursday, September 8th. Citigroup Inc. downgraded shares of EMC Corp. to a “market perform” rating in a report on Monday, July 18th. Macquarie downgraded shares of EMC Corp. from an “outperform” rating to a “neutral” rating and set a $30.00 target price on the stock. in a report on Wednesday, July 13th. Argus reiterated a “hold” rating on shares of EMC Corp. in a report on Friday, July 22nd. Finally, Robert W. Baird reiterated a “hold” rating on shares of EMC Corp. in a report on Sunday, September 11th.
Several institutional investors have recently made changes to their positions in the company. Virginia Retirement System bought a new position in shares of EMC Corp. during the first quarter worth about $838,000. Compton Capital Management Inc. RI raised its position in shares of EMC Corp. by 0.3% in the first quarter. Compton Capital Management Inc. RI now owns 78,354 shares of the information technology service provider’s stock worth $2,088,000 after buying an additional 250 shares during the last quarter. IFP Advisors Inc raised its position in shares of EMC Corp. by 29.7% in the first quarter. IFP Advisors Inc now owns 32,262 shares of the information technology service provider’s stock worth $860,000 after buying an additional 7,391 shares during the last quarter. Hyman Charles D bought a new position in shares of EMC Corp. during the first quarter worth about $1,664,000. Finally, Godsey & Gibb Associates bought a new position in shares of EMC Corp. during the first quarter worth about $513,000. Institutional investors own 79.86% of the company’s stock.
EMC Corp. (NYSE:EMC) opened at 29.05 on Tuesday. The firm has a 50-day moving average of $28.53 and a 200-day moving average of $27.32. EMC Corp. has a one year low of $22.99 and a one year high of $29.00.
EMC Corp. (NYSE:EMC) last released its quarterly earnings data on Monday, July 18th. The information technology service provider reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.03. EMC Corp. had a net margin of 8.55% and a return on equity of 11.98%. The business earned $6 billion during the quarter, compared to analyst estimates of $6 billion. During the same quarter in the previous year, the business earned $0.43 EPS. EMC Corp.’s quarterly revenue was up .3% compared to the same quarter last year. Analysts anticipate that EMC Corp. will post $1.84 earnings per share for the current fiscal year.
About EMC Corp.
EMC Corporation (EMC) develops, delivers and supports the information technology (IT) industry’s range of information infrastructure and virtual infrastructure technologies, solutions and services. EMC manages the Company as part of a federation of businesses: EMC Information Infrastructure, VMware Virtual Infrastructure, Pivotal and Virtustream.
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