Next Weeks Broker Price Targets For Symantec Corporation (NASDAQ:SYMC)

The company's quick ratio for most recent quarter is 1.80. Most recently, in February 2017, Scott Taylor, the EVP, GC & Sec of SYMC bought 10,372 shares for a total of $108,284. Shell Asset Management Co. increased its stake in Symantec by 2.8% in the third quarter. They now have a Dollars 35 price target on the stock. Clean Yield Group Inc holds 1.36% or 126,225 shares in its portfolio. However, once a company does decide to start paying a specified amount of money to shareholders in the form of regular cash dividends, its stock usually trades with a little less price volatility in the market. Ltd. increased its stake in Symantec by 5.6% in the third quarter.

A total of 17 brokerages have issued a ratings update on Symantec. zero analysts rating the company a strong buy, four analysts rating the stock a buy, 17 brokers rating the stock a hold, 2 equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a consensus target price of $20.03. OMERS ADMINISTRATION Corp increased its position in Symantec by 33.1% in the third quarter. Comerica Bank increased its position in Symantec by 6.0% in the fourth quarter. The firm now has a "hold" rating on the technology company's stock.

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SYMC has a 1-year high price of $ 33.22 and 1-year low price of $16.03. The overall volume in the last trading session was 4.86 million shares, versus the average volume of 5.59 million shares. Symantec Co. The company's 50 day moving average is $31.01 and its 200-day moving average is $27.56. Symantec Corporation has a 19.51B market cap and its past year revenues were 3.78B. Symantec also was the target of some unusual options trading on Thursday. Stock investors bought 16,122 call options on the company. This represents an increase of 861% compared to the typical daily volume of 1,677 call options.

Relative strength index (RSI-14) for Symantec Corporation (SYMC) is at 49.86. The difference between actual earnings and estimated earnings was $0.04 per share. Symantec had a net margin of 55.12% and a return on equity of 12.69%. The firm had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.18 billion. During the same period in the previous year, the company posted $0.22 EPS. Fiscal 2018 will mark the year that Symantec metaphorically pours more fuel on the fire, and firmly accelerates into a new reality of revenue and profitability expansion. On average, equities research analysts expect that Symantec Co. will post $1.78 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 21st. Stockholders of record on Wednesday, June 7th will be given a $0.075 dividend. The rating was upgraded by UBS to "Buy" on Monday, June 20.

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. Their payout ratio is 10.00%. It also reduced Southwestern Energy Co (NYSE:SWN) stake by 1.48 million shares and now owns 6.72M shares. "(SYMC)" was first reported by BBNS and is the sole property of of BBNS. If you are viewing this piece on another publication, it was illegally stolen and republished in violation of USA and global copyright & trademark laws. The research report and subsequent rating should be used to complement individual homework and strategy.

A look at some of the inputs to technical analysis model shows how Symantec Corporation current price compares to its recent moving averages. On Friday, March 18 the stock rating was maintained by Barclays Capital with "Equal-Weight". The correct version of this piece can be viewed at Oppenheimer Holdings Inc. reiterated an "outperform" rating and set a $32.00 price objective on shares of Symantec in a research note on Friday, March 3rd. Pine River Capital Mgmt Lp has 0.27% invested in Symantec Corporation (NASDAQ:SYMC) for 255,012 shares. The average analysts gave this company a mean recommendation of 2.10. Symantec now has a consensus rating of "Hold" and an average target price of $29.38.

In other Symantec news, insider Michael David Fey sold 13,215 shares of the firm's stock in a transaction dated Wednesday, February 15th. Following the completion of the transaction, the executive vice president now directly owns 250,030 shares of the company's stock, valued at approximately $7,538,404.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Anita M. Sands sold 2,000 shares of the firm's stock in a transaction dated Monday, April 17th.

RBC raised its price target to $34 from $30. The disclosure for this sale can be found here. Insiders sold a total of 69,517 shares of company stock valued at $2,020,553 over the last three months.

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