Symantec Co. (NASDAQ:SYMC) Given Average Rating of “Hold” by Brokerages

Symantec Co. (NASDAQ:SYMC) has earned an average rating of “Hold” from the nineteen brokerages that are currently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, twelve have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $22.00.

Several equities research analysts recently commented on the stock. BidaskClub upgraded shares of Misonix from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 3rd. Robert W. Baird assumed coverage on shares of ANCHIANO THERAP/S in a research report on Tuesday, May 28th. They issued an “outperform” rating and a $12.00 price target for the company. Jefferies Financial Group set a €20.00 ($23.26) price target on shares of ThyssenKrupp and gave the company a “buy” rating in a research report on Friday, May 10th. ValuEngine upgraded shares of Vistra Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, July 3rd. Finally, Morgan Stanley upped their price target on shares of from GBX 1,430 ($18.69) to GBX 1,560 ($20.38) and gave the company an “equal weight” rating in a research report on Tuesday, June 11th.

In other Symantec news, Director Peter A. Feld purchased 650,000 shares of the company’s stock in a transaction dated Wednesday, May 15th. The shares were bought at an average price of $19.51 per share, for a total transaction of $12,681,500.00. Following the purchase, the director now directly owns 22,117 shares in the company, valued at approximately $431,502.67. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.90% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the company. Covington Capital Management acquired a new position in shares of Symantec during the 4th quarter worth $28,000. PRW Wealth Management LLC acquired a new position in shares of Symantec during the 4th quarter worth $30,000. CX Institutional increased its stake in shares of Symantec by 133.1% during the 1st quarter. CX Institutional now owns 2,813 shares of the technology company’s stock worth $65,000 after purchasing an additional 1,606 shares during the last quarter. Mizuho Securities Co. Ltd. acquired a new position in shares of Symantec during the 1st quarter worth $76,000. Finally, Bronfman E.L. Rothschild L.P. increased its stake in shares of Symantec by 27.1% during the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 3,363 shares of the technology company’s stock worth $64,000 after purchasing an additional 718 shares during the last quarter. Institutional investors own 91.71% of the company’s stock.

SYMC stock traded up $0.13 on Friday, hitting $25.57. 13,230,697 shares of the company’s stock traded hands, compared to its average volume of 9,837,837. Symantec has a 1-year low of $17.42 and a 1-year high of $26.07. The firm has a market cap of $15.73 billion, a PE ratio of 21.85, a price-to-earnings-growth ratio of 2.56 and a beta of 1.31. The stock’s fifty day moving average is $20.97. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.85 and a current ratio of 0.85.

Symantec (NASDAQ:SYMC) last issued its quarterly earnings results on Thursday, May 9th. The technology company reported $0.39 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.39. The business had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.21 billion. Symantec had a net margin of 0.59% and a return on equity of 13.05%. The firm’s quarterly revenue was down 2.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.46 EPS. On average, equities analysts expect that Symantec will post 1.26 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 26th. Stockholders of record on Monday, June 10th were paid a dividend of $0.075 per share. The ex-dividend date of this dividend was Friday, June 7th. This represents a $0.30 annualized dividend and a dividend yield of 1.17%. Symantec’s dividend payout ratio (DPR) is 25.64%.

Symantec Company Profile

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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Analyst Recommendations for Symantec (NASDAQ:SYMC)

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