Market Update (NYSE:EMC): Is EMC Stock Suitable for Your IRA or Roth IRA?

[at Investopedia] – Find out if EMC is suitable for a traditional or Roth IRA. Learn about the impacts of the Dell acquisition, and discover if EMC is a good long-term investment. Read more on this. EMC Corporation (EMC) , with a current value of $50.40B, started trading this morning at $25.81. Looking at the stock, its one day range is $25.76 to $26.09 with a trailing 52-week range being $22.66 to $30.92. EMC (EMC) shares are currently priced at 14.15x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 8.69x earnings multiple for the same period. And for dividend hunters, the company pays shareholders $0.46 per share annually in dividends, yielding 1.78%. In a review of the consensus earnings estimate this quarter, 28 sell-side analysts are looking at $0.65 per share, which would be $0.04 worse than the year-ago quarter and a $0.03 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $1.82, which would be a $0.08 worse when compared to the last year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $7.14 Billion. If reported, that would be a 1.28% increase over the year-ago quarter. In terms of ratings, Wells Fargo upgraded EMC from Market Perform to Outperform (Jul 23, 2015). Previously, FBR Capital downgraded EMC from Outperform to Mkt Perform. Investors should keep in mind is that the average price target is $29.80, which is 15.46% above where the stock opened this morning. See more in (NYSE:EMC) Similar Articles: Market Update: Qualcomm Incorporated (NASDAQ:QCOM) – Is Qualcomm Stock Suitable for Your IRA or Roth IRA? Stock Update: EMC Corporation (NYSE:EMC) – EMC Stock Falls on Earnings Miss Stock Update: EMC Corporation (NYSE:EMC) – Why EMC has no plans to split itself up