Symantec Corp. Given Overweight Rating at Barclays Capital (SYMC)
Posted by Kristian Gore on Jul 11th, 2013 // No Comments
Symantec Corp. (NASDAQ: SYMC)‘s stock had its “overweight” rating restated by stock analysts at Barclays Capital in a report issued on Thursday, StockRatingsNetwork reports. They currently have a $27.00 price target on the stock. Barclays Capital’s price objective would indicate a potential upside of 16.88% from the company’s current price.
SYMC has been the subject of a number of other recent research reports. Analysts at TheStreet reiterated a “buy” rating on shares of Symantec Corp. in a research note to investors on Friday, July 5th.
Eleven research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $25.42.
Symantec Corp. (NASDAQ: SYMC) traded up 1.69% on Thursday, hitting $23.49. Symantec Corp. has a 1-year low of $13.06 and a 1-year high of $25.26. The stock’s 50-day moving average is currently $22.49. The company has a market cap of $16.364 billion and a price-to-earnings ratio of 21.39.
Symantec Corp. (NASDAQ: SYMC) last announced its earnings results on Tuesday, May 7th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.06. The company had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.73 billion. During the same quarter in the previous year, the company posted $0.38 earnings per share. The company’s revenue for the quarter was up 4.0% on a year-over-year basis. On average, analysts predict that Symantec Corp. will post $1.89 earnings per share for the current fiscal year.
Symantec Corporation is a global provider of security, storage, and systems management solutions that help businesses and consumers secure and manage their information.