Stock analysts at Cowen started coverage on shares of Dell (NYSE:DELL) in a research report issued on Tuesday, Briefing.com Automated Import reports. The firm set a "market perform" rating and a $60.00 price target on the technology company's stock. Cowen's price target indicates a potential upside of 11.61% from the stock's previous close.
Several other analysts have also recently commented on DELL. Wells Fargo & Co boosted their price target on Dell from $57.00 to $70.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 24th. Sanford C. Bernstein dropped their target price on Dell from $60.00 to $50.00 and set a "market perform" rating for the company in a report on Monday, April 13th. Morgan Stanley upped their target price on Dell from $35.00 to $50.00 and gave the company an "equal weight" rating in a report on Friday, May 29th. Citigroup dropped their target price on Dell from $65.00 to $40.00 and set a "buy" rating for the company in a report on Monday, March 16th. Finally, Bank of America restated a "buy" rating and issued a $60.00 target price on shares of Dell in a report on Wednesday, June 24th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and seven have assigned a buy rating to the stock. The company presently has a consensus rating of "Hold" and a consensus target price of $53.00.
Shares of DELL stock opened at $53.76 on Tuesday. The company has a debt-to-equity ratio of 14.92, a current ratio of 0.82 and a quick ratio of 0.75. The company has a market cap of $38.71 billion, a price-to-earnings ratio of 8.64, a PEG ratio of 0.81 and a beta of 0.87. The stock has a 50 day simple moving average of $47.01 and a 200-day simple moving average of $45.52. Dell has a 1-year low of $25.51 and a 1-year high of $59.17.
Dell (NYSE:DELL) last announced its earnings results on Thursday, May 28th. The technology company reported $1.34 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $1.01 by $0.33. The business had revenue of $21.90 billion during the quarter, compared to the consensus estimate of $20.65 billion. Dell had a return on equity of 141.86% and a net margin of 5.13%. The business's quarterly revenue was up .0% on a year-over-year basis. During the same period in the prior year, the company posted $1.45 EPS. Analysts anticipate that Dell will post 5.4 earnings per share for the current fiscal year.
In other news, insider Karen H. Quintos sold 37,933 shares of the stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $49.19, for a total value of $1,865,924.27. Following the transaction, the insider now owns 68,201 shares in the company, valued at approximately $3,354,807.19. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Thomas W. Sweet sold 3,038 shares of the stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $50.00, for a total value of $151,900.00. Following the completion of the transaction, the chief financial officer now owns 78,207 shares in the company, valued at approximately $3,910,350. The disclosure for this sale can be found here. Insiders sold a total of 97,774 shares of company stock worth $4,653,989 in the last ninety days. 48.30% of the stock is owned by corporate insiders.
Large investors have recently added to or reduced their stakes in the stock. Atria Investments LLC grew its stake in Dell by 11.1% during the 4th quarter. Atria Investments LLC now owns 12,768 shares of the technology company's stock worth $656,000 after buying an additional 1,279 shares during the last quarter. Amalgamated Bank grew its stake in Dell by 5.6% during the 4th quarter. Amalgamated Bank now owns 23,346 shares of the technology company's stock worth $1,200,000 after buying an additional 1,238 shares during the last quarter. Alberta Investment Management Corp grew its stake in Dell by 24.1% during the 4th quarter. Alberta Investment Management Corp now owns 317,075 shares of the technology company's stock worth $16,294,000 after buying an additional 61,594 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in shares of Dell by 7.1% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 19,612 shares of the technology company's stock valued at $1,008,000 after purchasing an additional 1,294 shares during the last quarter. Finally, Amundi Pioneer Asset Management Inc. grew its stake in shares of Dell by 34.2% in the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 107,230 shares of the technology company's stock valued at $5,510,000 after purchasing an additional 27,349 shares during the last quarter. Hedge funds and other institutional investors own 24.91% of the company's stock.
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.
Featured Story: What is the FTSE 100 index?
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]
8 Dividend Stocks to Buy Now
Dividend stocks are always in fashion. Income investors find that dividend stocks can be a replacement for low-yielding Treasury bonds and other bond options. But dividend stocks can also play a role in the growth investor’s portfolio. Dividend stocks by nature tend to lag behind the broader market. This is due to the nature of the companies that issue dividends. In many cases, these are mature companies who have the liquidity to not only use profits for growth but also to reward shareholders.
However, in a bull market dividend stocks can also provide a significant amount of growth. This can provide investors of all styles with a nice total return. For those that are new to dividend stocks, it’s important to know what to look for in a dividend stock. Yield is important, but it’s not everything.
What you’re looking for is a company that has a proven history of not only issuing dividends but ideally increasing the amount of those dividends on an annual basis.
In this presentation, we’ll highlight eight dividend stocks in various sectors that are the best to buy. And for most of these stocks, they’re a good buy today and well into the future.
View the "8 Dividend Stocks to Buy Now".