Stock on Analyst Radar: Symantec Corporation (SYMC)

Stock on Analyst Radar: Symantec Corporation (SYMC)

Stock on Analyst Radar: Symantec Corporation (SYMC)

Zacks Investment Research cut shares of Symantec from a "buy" rating to a "sell" rating in a research report on Friday, January 20th.

If you look at the company's income statement over the past years, you will see that the company is constantly posting gross profit: In 2014, SYMC earned gross profit of 5.53 Billion, in 2015 3.23 Billion gross profit, while in 2016 Symantec Corporation (SYMC) produced 2.99 Billion profit. The uncertainty over PC sales adds to its woes. Moreover, restructuring initiatives and synergies from acquisitions are expected to support its bottom line.

Several other equities research analysts have also recently issued reports on SYMC. At the time of writing, the First Call consensus price target for the company is $30.17. For the outlook of the current financial quarter, Analysts think the firm will post -0.01 earnings per share. Zacks Investment Research upgraded Symantec from a "sell" rating to a "hold" rating in a research report on Tuesday. Analysts mean target price for Kellogg Company (NYSE:K) is $80.69 while their mean recommendation is 3.00 (1=Buy, 5=sell). Instinet restated a "neutral" rating and issued a $27.00 price target (up from $25.00) on shares of Symantec in a research note on Sunday, February 5th. Royal Bank of Canada boosted their price objective on shares of Symantec from $28.00 to $30.00 and gave the company an outperform rating in a research report on Monday, January 30th. They now have a United States dollars 29 price target on the stock. Comerica Bancorp holds 0.03% of its portfolio in Symantec Corporation (NASDAQ:SYMC) for 155,609 shares. The stock is expected to report revenue as high as $1.33B and as low as $1.28B per share. The company's market cap is $20.55 Billion, and the average volume is 5.54 Million. The company has a 50 day moving average of $31.01 and a 200 day moving average of $27.56. Symantec also was the target of some unusual options trading on Thursday. Institutional investors and hedge funds own 93.90% of the company's stock. This represents an increase of approximately 861% compared to the typical volume of 1,677 call options. Symantec Corporation (NASDAQ:SYMC) has risen 31.25% since October 4, 2016 and is uptrending. Equities research analysts anticipate that Symantec will post $1.78 EPS for the current year. Symantec had a net margin of 55.12% and a return on equity of 12.69%. The business's quarterly revenue was up 34.7% compared to the same quarter a year ago. During the same quarter previous year, the company posted $0.22 EPS. Municipal Employees Retirement System of MI raised its stake in shares of Symantec by 1.5% in the first quarter.

TRADEMARK VIOLATION WARNING: "Glen Harbor Capital Management LLC Has $1.765 Million Position in Symantec Co". If you are accessing this news story on another publication, it was copied illegally and reposted in violation of US and worldwide trademark and copyright laws. Hbk Invs Lp invested in 0.07% or 289,900 shares.

On 8/4/2016 Symantec announced a quarterly dividend of $0.08 1.38% with an ex dividend date of 8/18/2016 which will be payable on 9/14/2016. Symantec's payout ratio is now 9.35%. Share performance for the month is now at 8.09%. The stock was sold at an average price of $28.51, for a total value of $228,080.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

On 4/17/2017 Anita M Sands, Director, sold 2,000 with an average share price of $30.22 per share and the total transaction amounting to $60,440.00.

Based on the recent corporate insider activity of 72 insiders, corporate insider sentiment is positive on the stock. The disclosure for this sale can be found here. Over the past 2 quarters, the stock is up 36.60%, compared with a gain of almost 16.14% for 3 months and about 8.09% for the past 30 days. Meru Capital Grp Inc LP stated it has 5.35% in Symantec Corporation (NASDAQ:SYMC). Jackson Square Partners LLC purchased a new stake in shares of Symantec during the third quarter valued at $565,123,000. Consensus earnings estimates are far from flawless, but they are watched by many investors and play an important role in measuring the appropriate valuation for a stock. Under threat protection, it offers Advanced Threat Protection, Endpoint Protection, Endpoint Protection Cloud, IT Management Suite, Email Security.Cloud, Data Center Security and Cloud Workload Protection products.

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