Dell Inc. (NASDAQ:DELL) has been given an average rating of “Buy” by the seventeen brokerages that are currently covering the stock, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $61.38.
A number of analysts have recently commented on DELL shares. Evercore ISI set a $63.00 price objective on Dell and gave the stock a “buy” rating in a research note on Friday, August 30th. Raymond James lifted their price target on Dell from $61.00 to $62.00 and gave the company an “outperform” rating in a report on Friday, August 30th. Credit Suisse Group boosted their target price on Dell from $58.00 to $61.00 and gave the company a “neutral” rating in a research note on Friday, August 30th. Wells Fargo & Co set a $68.00 target price on Dell and gave the company a “buy” rating in a research note on Friday, August 30th. Finally, Barclays boosted their target price on Dell from $53.00 to $54.00 and gave the company an “equal weight” rating in a research note on Friday, August 30th.
In other Dell news, insider Howard D. Elias sold 7,702 shares of the stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $46.74, for a total transaction of $359,991.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Maya Mcreynolds sold 3,099 shares of the stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $55.00, for a total value of $170,445.00. The disclosure for this sale can be found here. Insiders have sold a total of 4,815,812 shares of company stock worth $249,438,302 in the last ninety days. 46.00% of the stock is currently owned by company insiders.
Shares of DELL traded down $1.19 during mid-day trading on Tuesday, hitting $51.85. The stock had a trading volume of 2,237,236 shares, compared to its average volume of 2,672,095. The company has a market cap of $37.26 billion, a PE ratio of 8.40 and a beta of 0.47. The company’s fifty day simple moving average is $50.70 and its two-hundred day simple moving average is $57.06. The company has a quick ratio of 0.82, a current ratio of 0.90 and a debt-to-equity ratio of 2.81. Dell has a fifty-two week low of $42.02 and a fifty-two week high of $70.55.
Dell (NASDAQ:DELL) last released its quarterly earnings data on Thursday, August 29th. The technology company reported $2.15 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.46 by $0.69. The business had revenue of $23.37 billion during the quarter, compared to analyst estimates of $23.32 billion. Dell had a positive return on equity of 31.57% and a negative net margin of 2.84%. The business’s quarterly revenue was up 1.9% compared to the same quarter last year. Equities analysts expect that Dell will post 6.23 earnings per share for the current year.
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.
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