Symantec Downgraded by Oppenheimer to Market Perform (SYMC)
Symantec (NASDAQ: SYMC) opened at 24.22 on Wednesday. Symantec has a 52-week low of $13.06 and a 52-week high of $24.91. The stock’s 50-day moving average is currently $23.16. The company has a market cap of $16.692 billion and a price-to-earnings ratio of 15.32.
Symantec (NASDAQ: SYMC) last posted its quarterly earnings results on Wednesday, January 23rd. The company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.07. The company had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.74 billion. During the same quarter in the prior year, the company posted $0.42 earnings per share. The company’s quarterly revenue was up 4.4% on a year-over-year basis. Analysts expect that Symantec will post $1.71 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on SYMC. Analysts at RBC Capital raised their price target on shares of Symantec from $25.00 to $30.00 in a research note to investors on Monday. They now have an “outperform” rating on the stock. Separately, analysts at Credit Suisse reiterated an “outperform” rating on shares of Symantec in a research note to investors on Monday. They now have a $27.50 price target on the stock. Finally, analysts at TheStreet reiterated a “buy” rating on shares of Symantec in a research note to investors on Monday, March 11th.
One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and sixteen have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $23.72.
Symantec Corporation is a global provider of security, storage, and systems management solutions that help businesses and consumers secure and manage their information.