Analysts Set Dell Inc. (NASDAQ:DELL) Price Target at $66.14

Dell Inc. (NASDAQ:DELL) has been given a consensus recommendation of “Buy” by the sixteen ratings firms that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation and eleven have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $66.27.

A number of equities research analysts have recently weighed in on the company. Zacks Investment Research lowered Dell from a “hold” rating to a “sell” rating in a research note on Wednesday, July 31st. Deutsche Bank assumed coverage on Dell in a research note on Wednesday, June 19th. They issued a “buy” rating and a $62.00 target price for the company. Evercore ISI assumed coverage on Dell in a research note on Wednesday, June 5th. They issued an “outperform” rating and a $75.00 target price for the company. Wells Fargo & Co assumed coverage on Dell in a research note on Monday, July 29th. They issued an “outperform” rating and a $68.00 target price for the company. Finally, Credit Suisse Group assumed coverage on Dell in a research note on Thursday, April 11th. They issued a “neutral” rating and a $65.00 target price for the company.

Shares of NASDAQ DELL traded down $3.67 during mid-day trading on Monday, hitting $48.74. The company had a trading volume of 197,227 shares, compared to its average volume of 2,571,542. The firm has a market capitalization of $36.13 billion, a P/E ratio of 8.13 and a beta of 0.47. Dell has a 1 year low of $42.02 and a 1 year high of $70.55. The company has a debt-to-equity ratio of 2.81, a current ratio of 0.90 and a quick ratio of 0.82. The business’s 50-day simple moving average is $53.75.

Dell (NASDAQ:DELL) last posted its quarterly earnings data on Thursday, May 30th. The technology company reported $1.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.15 by $0.30. Dell had a positive return on equity of 31.57% and a negative net margin of 2.84%. The firm had revenue of $21.91 billion during the quarter, compared to analysts’ expectations of $22.24 billion. Dell’s revenue was up 2.6% compared to the same quarter last year. As a group, research analysts forecast that Dell will post 6.23 earnings per share for the current year.

In related news, insider Marius Haas sold 167,275 shares of the company’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $55.50, for a total value of $9,283,762.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Allison Dew sold 22,590 shares of the company’s stock in a transaction that occurred on Friday, July 19th. The stock was sold at an average price of $58.50, for a total value of $1,321,515.00. The disclosure for this sale can be found here. Insiders have sold a total of 1,441,477 shares of company stock valued at $75,859,006 in the last ninety days. 46.00% of the stock is currently owned by corporate insiders.

Institutional investors have recently bought and sold shares of the stock. Hanson McClain Inc. raised its holdings in Dell by 823.4% during the first quarter. Hanson McClain Inc. now owns 434 shares of the technology company’s stock valued at $25,000 after acquiring an additional 387 shares during the period. Trustcore Financial Services LLC purchased a new position in shares of Dell during the first quarter valued at about $26,000. Israel Discount Bank of New York purchased a new position in shares of Dell during the first quarter valued at about $27,000. B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund purchased a new position in shares of Dell during the first quarter valued at about $27,000. Finally, Kistler Tiffany Companies LLC purchased a new position in shares of Dell during the first quarter valued at about $28,000. Institutional investors own 22.92% of the company’s stock.

About Dell

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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Analyst Recommendations for Dell (NASDAQ:DELL)

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