Symantec Co. (NASDAQ:SYMC) has received a consensus rating of “Hold” from the nineteen brokerages that are covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have issued a buy rating on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $22.00.
Several equities research analysts have weighed in on the stock. Monness Crespi & Hardt assumed coverage on shares of Symantec in a research report on Wednesday. They issued a “neutral” rating for the company. BidaskClub upgraded shares of Misonix from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 3rd. Wedbush restated a “neutral” rating and issued a $28.00 price objective (up previously from $26.00) on shares of Symantec in a research report on Thursday, July 4th. Goldman Sachs Group restated a “neutral” rating and issued a $393.00 price objective on shares of Boeing in a research report on Monday, April 8th. Finally, ValuEngine upgraded shares of Vistra Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, July 3rd.
In other Symantec news, Director Peter A. Feld purchased 650,000 shares of the stock in a transaction dated Wednesday, May 15th. The stock was bought at an average price of $19.51 per share, for a total transaction of $12,681,500.00. Following the transaction, the director now directly owns 22,117 shares in the company, valued at $431,502.67. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 1.90% of the stock is owned by insiders.
SYMC traded up $0.13 during midday trading on Friday, hitting $25.57. The company had a trading volume of 13,230,697 shares, compared to its average volume of 9,837,837. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.85 and a quick ratio of 0.85. The company has a market capitalization of $15.73 billion, a P/E ratio of 21.85, a PEG ratio of 2.56 and a beta of 1.31. Symantec has a twelve month low of $17.42 and a twelve month high of $26.07. The firm has a 50-day moving average price of $20.97.
Symantec (NASDAQ:SYMC) last posted its quarterly earnings data on Thursday, May 9th. The technology company reported $0.39 earnings per share for the quarter, meeting the consensus estimate of $0.39. The firm had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.21 billion. Symantec had a net margin of 0.59% and a return on equity of 13.05%. The company’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.46 EPS. On average, research analysts anticipate that Symantec will post 1.26 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 26th. Stockholders of record on Monday, June 10th were given a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 1.17%. The ex-dividend date of this dividend was Friday, June 7th. Symantec’s dividend payout ratio is 25.64%.
Symantec Corporation provides cybersecurity products, services, and solutions worldwide. The company operates through two segments, Enterprise Security and Consumer Digital Safety. The Enterprise Security segment provides endpoint and information protection products, including endpoint security, advanced threat protection, and information protection solutions and their related support services; and network and Web security products, such as network security, Web security, and cloud security solutions and their related support services.
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