EMC Corp. (NYSE:EMC) Given Average Rating of “Hold” by Brokerages
EMC Corp. (NYSE:EMC) has received an average recommendation of “Hold” from the twenty-nine research firms that are covering the stock. One research analyst has rated the stock with a sell recommendation, eighteen have given a hold recommendation and ten have assigned a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $31.02.
A number of research firms recently commented on EMC. Robert W. Baird reiterated a “hold” rating on shares of EMC Corp. in a research report on Sunday, September 11th. Oppenheimer Holdings Inc. reiterated a “buy” rating on shares of EMC Corp. in a research report on Thursday, September 8th. Hilliard Lyons cut EMC Corp. from a “buy” rating to a “neutral” rating in a research report on Thursday, September 1st. Wells Fargo & Co. reiterated a “market perform” rating on shares of EMC Corp. in a research report on Wednesday, August 31st. Finally, Deutsche Bank AG lifted their price objective on EMC Corp. from $27.00 to $29.00 and gave the stock a “hold” rating in a research report on Thursday, August 25th.
EMC Corp. (NYSE:EMC) remained flat at $29.05 during mid-day trading on Tuesday. EMC Corp. has a one year low of $22.99 and a one year high of $29.00. The stock’s 50-day moving average is $28.53 and its 200-day moving average is $27.32.
EMC Corp. (NYSE:EMC) last posted its quarterly earnings data on Monday, July 18th. The information technology service provider reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.03. The firm earned $6 billion during the quarter, compared to analysts’ expectations of $6 billion. EMC Corp. had a return on equity of 11.98% and a net margin of 8.55%. The firm’s quarterly revenue was up .3% compared to the same quarter last year. During the same quarter last year, the business posted $0.43 EPS. Equities research analysts predict that EMC Corp. will post $1.84 EPS for the current fiscal year.
Large investors have recently modified their holdings of the stock. Williams Jones & Associates LLC increased its position in shares of EMC Corp. by 565.5% in the second quarter. Williams Jones & Associates LLC now owns 38,335 shares of the information technology service provider’s stock worth $1,042,000 after buying an additional 32,575 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund bought a new position in shares of EMC Corp. during the second quarter worth approximately $2,143,000. Kentucky Retirement Systems bought a new position in shares of EMC Corp. during the second quarter worth approximately $4,513,000. Northwestern Mutual Investment Management Company LLC increased its position in shares of EMC Corp. by 14.1% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 1,926,291 shares of the information technology service provider’s stock worth $52,337,000 after buying an additional 237,916 shares during the last quarter. Finally, Mason Street Advisors LLC bought a new position in shares of EMC Corp. during the second quarter worth approximately $7,148,000. Institutional investors and hedge funds own 79.86% of the company’s stock.
EMC Corp. Company Profile
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.
Receive News & Stock Ratings for EMC Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EMC Corp. and related stocks with our FREE daily email newsletter.