Company Update: EMC Corporation (NYSE:EMC) – Dell pushes ahead on megadeal as EMC investors get nervous

[at American City Business Journals] – Dell this week asked for European regulatory approval of its planned $67 billion acquisition of EMC, but investors in the storage giant are getting nervous. Shares of EMC ( NYSE:EMC ) closed at $23.98 on … Read more on this. EMC Corporation (EMC) , currently valued at $47.11B, started the session at $24.21. Looking at the equity, the company’s one day range is $24.11 to $24.33 and has traded between $22.66 and $29.24 over the past year. EMC (EMC) shares are currently priced at 13.18x this year’s forecasted earnings, which makes them relatively expensive compared to the industry ’s 7.89x earnings multiple for the same period. The company pays shareholders $0.46 per share annually in dividends, yielding 1.88%. According to a consensus of 29 analysts, the earnings estimate of $0.65 per share would be $0.04 worse than the year-ago quarter and a $0.00 sequential decrease. The full-year EPS estimate is $1.82, which would be a $0.08 better than last year. The quarterly earnings estimate is predicated on a consensus revenue forecast of $7.13 Billion. If reported, that would be a 1.13% increase over the year-ago quarter. In terms of ratings, Wells Fargo downgraded EMC from Outperform to Market Perform (Nov 11, 2015). Previously, Stifel downgraded EMC from Buy to Hold. The average price target for EMC shares by the analysts covering the stock is $29.81, which is 23.13% above where the stock opened this morning. See more in (NYSE:EMC) Similar Articles: Stock Update: EMC Corporation (NYSE:EMC) – EMC exec predicts job growth after Dell merger Stock Update: EMC Corporation (NYSE:EMC) – Why Dell may have got a bargain with EMC Stock Update: EMC Corporation (NYSE:EMC) – Dell and EMC share an auditor, which often depresses premium