Stock Update (NYSE:EMC): Analyst Recommendations for EMC

[Market Realist] – The analyst price target for EMC is $29.9, with a median target estimate of $30.0. EMC is trading at a discount of 14.2% with respect to its median target. Read more on this. EMC Corporation (EMC) , with a current market cap of $50.41B, started the session at $26.04. Today’s price range has been between $25.72 and $26.10 per share and has traded between $22.66 and $30.92 over the past 12 months. EMC shares are currently priced at 14.23x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 8.69x earnings multiple. And for passive income investors, the company pays shareholders $0.46 per share annually in dividends, yielding 1.78%. Consensus earnings for the current quarter by the 28 sell-side analysts covering the stock is an estimate of $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 setback when compared to the last year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $7.14 Billion. If realized, 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. The average price target for EMC shares by the analysts covering the stock is $29.80, which is 14.44% above where the stock opened this morning. See more in (NYSE:EMC) Similar Articles: Company Update: Cisco Systems Inc (NASDAQ:CSCO) – Analyst Recommendations for Cisco Stock Update: International Business Machines Corporation (NYSE:IBM) – This Analyst Believes IBM Stock Can Rise 20%: Here’s Why Stock Update: International Business Machines Corporation (NYSE:IBM) – A Very Brave Analyst Upgrade of IBM After Major Weakness and a Compelling Value
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