BMO Capital Markets Initiates Coverage on Dell (DELL)

Equities researchers at BMO Capital Markets initiated coverage on shares of Dell (NASDAQ:DELL) in a research report issued to clients and investors on Thursday, The Fly reports. The brokerage set a “market perform” rating on the technology company’s stock.

Several other research firms have also recently weighed in on DELL. Wolfe Research assumed coverage on Dell in a research note on Wednesday. They set an “outperform” rating and a $58.00 target price for the company. Cross Research assumed coverage on Dell in a research note on Monday, January 7th. They set a “buy” rating and a $65.00 target price for the company. Goldman Sachs Group assumed coverage on Dell in a research note on Monday, January 7th. They set a “buy” rating and a $59.00 target price for the company. Bank of America assumed coverage on Dell in a research note on Friday, January 4th. They set a “buy” rating and a $63.00 target price for the company. Finally, JPMorgan Chase & Co. assumed coverage on Dell in a research note on Friday, December 28th. They set an “overweight” rating and a $60.00 target price for the company. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. Dell has an average rating of “Buy” and an average target price of $61.00.

DELL stock opened at $44.47 on Thursday. The company has a market cap of $34.89 billion, a P/E ratio of 7.21 and a beta of 0.47. Dell has a fifty-two week low of $44.40 and a fifty-two week high of $49.10. The company has a debt-to-equity ratio of 2.81, a current ratio of 0.90 and a quick ratio of 0.82.



Dell (NASDAQ:DELL) last posted its earnings results on Thursday, November 29th. The technology company reported $1.82 earnings per share for the quarter. The firm had revenue of $22.48 billion during the quarter. Dell had a positive return on equity of 31.57% and a negative net margin of 2.84%. As a group, sell-side analysts anticipate that Dell will post 6.23 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DELL. Gulf International Bank UK Ltd acquired a new position in Dell during the fourth quarter worth approximately $3,986,000. State of Alaska Department of Revenue acquired a new position in Dell during the fourth quarter worth approximately $680,000. Finally, CENTRAL TRUST Co acquired a new position in Dell during the fourth quarter worth approximately $43,000. 22.92% of the stock is currently owned by institutional investors.

Dell Company Profile

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.

See Also: Earnings Per Share

The Fly

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