Price Target plays a critical role when it comes to the analysis of a Stock.
A number of equities research analysts have weighed in on SYMC shares.
Symantec Corporation had its "hold" rating reiterated by analysts at Jefferies. 21625102 shares were traded on Symantec Corporation's last session. The 52-week range is $32.31 to $58.88 and the consensus target price is $42.57.
What Analysts think about Symantec Corporation (SYMC)? Symantec also was the target of unusually large options trading activity on Thursday. The average analysts gave this company a mean recommendation of 2.10.
Symantec Corporation (SYMC) stock price escalated 2.38% to finalize at $33.14 throughout previous buying and selling session. 8,377,225 shares of the stock traded hands. The relative volume of the stock is 3.86, while its market cap is $20.55 Billion. Symantec Corporation is now trading 0.29% above its 20-day and 19.73% versus the 200-day simple moving averages while 2.47% compared with its 50-day simple moving average. Symantec also saw some unusual options trading on Thursday. Brown Brothers Harriman Co invested in 200 shares or 0% of the stock. This is an increase of 861% compared to the typical volume of 1,677 call options.
While taking a look at financials, we can look at a number of key indicators about Symantec Corporation (SYMC) . The technology company reported $0.28 EPS for the quarter, hitting analysts' consensus estimates of $0.28. The business had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.18 billion.
The company's net profit margin stands at 20.20% whereas its return on equity (ROE) is 15.50%.
On 11/4/2016 Symantec announced a Quarterly dividend of $0.08 1.23% with an ex dividend date of 11/17/2016 which will be payable on 12/14/2016. During the same period past year, the company posted $0.22 EPS. Often, young, fast-growing companies prefer not to pay dividends, opting instead to re-invest their retained earnings into their business operations, compounding their growth and thus the book value of their shares over time. This represents a $0.30 annualized dividend and a dividend yield of 0.97%. Symantec's dividend payout ratio is 9.35%.
WARNING: This piece was posted by The Cerbat Gem and is the property of of The Cerbat Gem.
COPYRIGHT VIOLATION NOTICE: This story was first published by Sports Perspectives and is owned by of Sports Perspectives. The correct version of this piece can be viewed at https://www.thecerbatgem.com/2017/05/12/symantecs-symc-hold-rating-reaffirmed-at-stifel-nicolaus.html. Consensus earnings estimates are far from ideal, but they are watched by many investors and play an important role in measuring the appropriate valuation for a stock.
On 4/17/2017 Scott C Taylor, EVP, sold 13,000 with an average share price of $30.15 per share and the total transaction amounting to $391,950.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Anita M. Sands sold 2,000 shares of the stock in a transaction that occurred on Monday, April 17th. Shares for $341,852 were sold by Fey Michael David on Tuesday, January 17. Following the completion of the sale, the insider now directly owns 288,954 shares in the company, valued at approximately $8,249,636.70. The disclosure for this sale can be found here. In the last ninety days, insiders sold 69,517 shares of company stock worth $2,020,553. 6,762 Symantec Corporation (NASDAQ:SYMC) shares with value of $196,842 were sold by Rosch Francis C. Garfield Mark S. also sold $87,809 worth of Symantec Corporation (NASDAQ:SYMC) shares. Jackson Square Partners LLC bought a new position in Symantec during the third quarter worth $565,123,000. The fund owned 377,168 shares of the technology company's stock after buying an additional 22,963 shares during the period. World Asset Management Inc now owns 65,588 shares of the technology company's stock worth $1,646,000 after buying an additional 1,590 shares during the period. APG Asset Management N.V. increased its stake in Symantec by 10.4% in the third quarter.
The Stock has Weekly volatility of 1.55% and monthly volatility of 1.36%. Finally, APG Asset Management N.V. increased its position in Symantec by 10.4% in the third quarter. Dodge & Cox bought a new position in Symantec during the fourth quarter worth $180,155,000.
Symantec Corporation is a United States cyber security company. The Consumer Security segment offers multi-layer security and identity protection on major desktop and mobile operating systems through their Norton-branded services. Under threat protection, it offers Advanced Threat Protection, Endpoint Protection, Endpoint Protection Cloud, IT Management Suite, Email Security.Cloud, Data Center Security and Cloud Workload Protection products.