Equities researchers at Evercore ISI assumed coverage on shares of Dell (NASDAQ:DELL) in a research report issued on Wednesday, June 5th, Marketbeat.com reports. The brokerage set an “outperform” rating and a $75.00 price target on the technology company’s stock. Evercore ISI’s price objective suggests a potential upside of 47.64% from the company’s current price.
Several other equities analysts have also recently weighed in on the stock. Raymond James reissued an “outperform” rating and issued a $69.00 target price (down from $74.00) on shares of Dell in a research note on Friday, May 31st. Zacks Investment Research raised shares of Dell from a “sell” rating to a “hold” rating in a research note on Wednesday, May 1st. JPMorgan Chase & Co. raised their target price on shares of Dell from $68.00 to $77.00 and gave the company an “overweight” rating in a research note on Monday, April 15th. UBS Group raised their target price on shares of Dell from $61.00 to $67.00 and gave the company a “neutral” rating in a research note on Friday, May 31st. Finally, Morgan Stanley decreased their target price on shares of Dell from $74.00 to $70.00 and set an “equal weight” rating for the company in a research note on Friday, May 31st. Five equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $66.14.
DELL stock traded down $1.41 during mid-day trading on Wednesday, hitting $50.80. 6,039,209 shares of the company were exchanged, compared to its average volume of 2,496,263. The company has a current ratio of 0.90, a quick ratio of 0.82 and a debt-to-equity ratio of 2.81. The company has a market cap of $36.50 billion, a price-to-earnings ratio of 8.23 and a beta of 0.47. The business has a 50 day simple moving average of $59.66. Dell has a 1-year low of $42.02 and a 1-year high of $70.55.
Several institutional investors and hedge funds have recently bought and sold shares of DELL. Temasek Holdings Private Ltd acquired a new stake in shares of Dell during the fourth quarter worth $888,545,000. BlackRock Inc. acquired a new position in Dell in the fourth quarter valued at about $427,416,000. Elliott Management Corp acquired a new position in Dell in the fourth quarter valued at about $323,846,000. Canyon Capital Advisors LLC acquired a new position in Dell in the fourth quarter valued at about $211,391,000. Finally, Geode Capital Management LLC acquired a new position in Dell in the fourth quarter valued at about $88,862,000. 22.92% of the stock is 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.
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