NortonLifeLock Inc. (NASDAQ:NLOK) has earned a consensus rating of “Hold” from the six analysts that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $27.00.
Several brokerages have commented on NLOK. Credit Suisse Group began coverage on shares of NortonLifeLock in a research note on Wednesday, November 27th. They issued a “neutral” rating and a $26.00 price target on the stock. Barclays began coverage on shares of NortonLifeLock in a research note on Wednesday, November 6th. They issued an “equal weight” rating on the stock. Mizuho restated a “buy” rating and issued a $28.00 price target on shares of NortonLifeLock in a research note on Tuesday. Royal Bank of Canada began coverage on shares of NortonLifeLock in a research note on Friday, November 8th. They issued a “sector perform” rating on the stock. Finally, ValuEngine upgraded shares of NortonLifeLock from a “hold” rating to a “buy” rating in a research note on Saturday, December 7th.
A hedge fund recently bought a new stake in NortonLifeLock stock. New Mexico Educational Retirement Board acquired a new stake in shares of NortonLifeLock Inc. (NASDAQ:NLOK) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 47,697 shares of the company’s stock, valued at approximately $1,127,000. Institutional investors and hedge funds own 85.33% of the company’s stock.
Shares of NASDAQ:NLOK traded down $0.20 during trading hours on Friday, hitting $26.18. The stock had a trading volume of 15,057,736 shares, compared to its average volume of 6,795,726. NortonLifeLock has a 1-year low of $17.42 and a 1-year high of $26.71. The firm has a market capitalization of $15.82 billion, a P/E ratio of 22.38, a PEG ratio of 12.51 and a beta of 1.29. The company has a current ratio of 1.93, a quick ratio of 1.93 and a debt-to-equity ratio of 0.55.
NortonLifeLock (NASDAQ:NLOK) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.41 by $0.05. NortonLifeLock had a net margin of 21.39% and a return on equity of 12.82%. The company had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same quarter last year, the business earned $0.42 earnings per share. NortonLifeLock’s revenue was up .3% compared to the same quarter last year. Analysts predict that NortonLifeLock will post 0.44 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Monday, November 25th will be paid a $0.125 dividend. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $0.50 annualized dividend and a dividend yield of 1.91%. NortonLifeLock’s payout ratio is currently 42.74%.
NortonLifeLock Inc provides cyber security products, services, and solutions worldwide. The company offers Norton security solutions as a subscription service providing protection for devices against malware, viruses, adware, and ransomware on various platforms; and LifeLock identity theft protection solution that provides identity monitoring, alerts, and restoration to its customers.
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