Dell (NYSE:DELL) had its target price boosted by stock analysts at Deutsche Bank from $55.00 to $60.00 in a report issued on Monday, The Fly reports. The brokerage presently has a “buy” rating on the technology company’s stock. Deutsche Bank’s price target points to a potential upside of 9.21% from the company’s previous close. The analysts noted that the move was a valuation call.
A number of other research analysts have also weighed in on DELL. Raymond James reduced their target price on Dell from $55.00 to $39.00 and set an “outperform” rating for the company in a report on Monday, April 6th. Zacks Investment Research lowered Dell from a “buy” rating to a “hold” rating in a report on Monday, June 8th. Nomura reaffirmed a “neutral” rating and set a $50.00 target price (up previously from $35.00) on shares of Dell in a report on Friday, May 29th. Morgan Stanley lifted their target price on Dell from $35.00 to $50.00 and gave the company an “equal weight” rating in a report on Friday, May 29th. Finally, Nomura Securities reduced their target price on Dell from $48.00 to $35.00 and set a “neutral” rating for the company in a report on Monday, March 23rd. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and seven have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $53.00.
Shares of DELL opened at $54.94 on Monday. The business has a 50-day moving average of $47.21 and a 200 day moving average of $45.55. Dell has a fifty-two week low of $25.51 and a fifty-two week high of $59.17. The firm has a market cap of $39.83 billion, a P/E ratio of 8.83, a price-to-earnings-growth ratio of 0.81 and a beta of 0.87. The company has a debt-to-equity ratio of 14.92, a quick ratio of 0.75 and a current ratio of 0.82.
Dell (NYSE:DELL) last announced its quarterly earnings data on Thursday, May 28th. The technology company reported $1.34 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.33. Dell had a return on equity of 141.86% and a net margin of 5.13%. The company had revenue of $21.90 billion during the quarter, compared to analyst estimates of $20.65 billion. During the same quarter last year, the firm posted $1.45 EPS. The firm’s revenue for the quarter was up .0% on a year-over-year basis. As a group, research analysts predict that Dell will post 5.4 earnings per share for the current fiscal year.
In related news, insider Karen H. Quintos sold 37,933 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $49.19, for a total value of $1,865,924.27. Following the completion of the sale, the insider now owns 68,201 shares in the company, valued at approximately $3,354,807.19. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Steven H. Price sold 39,799 shares of the business’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $45.00, for a total value of $1,790,955.00. Following the completion of the sale, the insider now owns 78,610 shares of the company’s stock, valued at approximately $3,537,450. The disclosure for this sale can be found here. Insiders sold a total of 97,774 shares of company stock valued at $4,653,989 in the last 90 days. 48.30% of the stock is currently owned by corporate insiders.
A number of large investors have recently added to or reduced their stakes in the stock. Key Financial Inc bought a new stake in Dell in the first quarter valued at approximately $31,000. Verus Capital Partners LLC bought a new stake in Dell in the fourth quarter valued at approximately $34,000. tru Independence LLC lifted its position in Dell by 746.0% in the first quarter. tru Independence LLC now owns 846 shares of the technology company’s stock valued at $34,000 after purchasing an additional 746 shares during the last quarter. Bainco International Investors bought a new stake in Dell in the first quarter valued at approximately $40,000. Finally, Parallel Advisors LLC lifted its position in Dell by 28.0% in the first quarter. Parallel Advisors LLC now owns 1,175 shares of the technology company’s stock valued at $46,000 after purchasing an additional 257 shares during the last quarter. Institutional investors own 24.91% of the company’s stock.
Dell Inc (Dell) is a global information technology company that offers its customers a range of solutions and services delivered directly by Dell and through other distribution channels. Dell is a holding company that conducts its business worldwide through its subsidiaries. The Company operates in four segments: Large Enterprise, Public, Small and Medium Business, and Consumer.
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