Evercore ISI Initiates Coverage on Dell (NASDAQ:DELL)

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.

Dell (NASDAQ:DELL) last announced its earnings results on Friday, March 29th. The technology company reported $4.58 EPS for the quarter. The firm had revenue of $23.84 billion for the quarter. Dell had a negative net margin of 2.84% and a positive return on equity of 31.57%. On average, equities research analysts forecast that Dell will post 6.23 EPS for the current fiscal year.

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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Analyst Recommendations for Dell (NASDAQ:DELL)

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