BMO Capital Markets began coverage on shares of Dell (NASDAQ:DELL) in a research note published on Thursday, The Fly reports. The firm issued a market perform rating on the technology company’s stock.
Several other brokerages have also recently weighed in on DELL. JPMorgan Chase & Co. started coverage on Dell in a report on Friday, December 28th. They issued an overweight rating and a $60.00 target price for the company. Cross Research started coverage on Dell in a report on Monday, January 7th. They issued a buy rating and a $65.00 target price for the company. Wolfe Research started coverage on Dell in a report on Wednesday, January 9th. They issued an outperform rating and a $58.00 target price for the company. Goldman Sachs Group started coverage on Dell in a report on Monday, January 7th. They issued a buy rating and a $59.00 target price for the company. Finally, Bank of America started coverage on Dell in a report on Friday, January 4th. They issued a buy rating and a $63.00 target price for the company. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock currently has an average rating of Buy and an average price target of $61.00.
DELL opened at $44.47 on Thursday. Dell has a 52-week low of $44.40 and a 52-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. The firm has a market cap of $34.89 billion, a P/E ratio of 7.21 and a beta of 0.47.
Dell (NASDAQ:DELL) last posted its quarterly earnings data on Thursday, November 29th. The technology company reported $1.82 earnings per share (EPS) for the quarter. Dell had a positive return on equity of 31.57% and a negative net margin of 2.84%. The company had revenue of $22.48 billion during the quarter. As a group, research analysts forecast that Dell will post 6.23 earnings per share for the current fiscal year.
Hedge funds have recently modified their holdings of the business. CENTRAL TRUST Co bought a new position in shares of Dell in the 4th quarter worth $43,000. State of Alaska Department of Revenue bought a new position in shares of Dell in the 4th quarter worth $680,000. Finally, Gulf International Bank UK Ltd bought a new position in shares of Dell in the 4th quarter worth $3,986,000. Institutional investors and hedge funds own 22.92% of the company’s stock.
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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