Symantec Receives Consensus Rating of “Hold” from Brokerages (NASDAQ:SYMC)

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Shares of Symantec (NASDAQ:SYMC) have earned a consensus rating of “Hold” from the twenty-five brokerages that are presently covering the stock, StockRatingsNetwork reports. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eleven have issued a buy rating on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $24.27.

Shares of Symantec (NASDAQ:SYMC) opened at 21.86 on Monday. Symantec has a 1-year low of $17.95 and a 1-year high of $27.10. The stock has a 50-day moving average of $21.12 and a 200-day moving average of $21.59. The company has a market cap of $15.120 billion and a P/E ratio of 17.18.

Symantec (NASDAQ:SYMC) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.47 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.42 by $0.05. The company had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.65 billion. During the same quarter in the prior year, the company posted $0.44 earnings per share. The company’s quarterly revenue was down 5.6% on a year-over-year basis. Analysts expect that Symantec will post $1.88 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Wednesday, June 25th. Shareholders of record on Tuesday, June 10th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 2.74%. The ex-dividend date of this dividend is Friday, June 6th.

SYMC has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Symantec in a research note on Tuesday, May 13th. They now have a $22.00 price target on the stock. Separately, analysts at Goldman Sachs reiterated a “sell” rating on shares of Symantec in a research note on Friday, May 9th. Finally, analysts at RBC Capital raised their price target on shares of Symantec from $23.00 to $25.00 in a research note on Friday, May 9th. They now have an “outperform” rating on the stock.

Symantec Corporation is a security, backup and availability solutions. The Company’s products and services protect people and information in any digital environment from the smallest mobile device, to the enterprise data center, to cloud-based systems.

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