Goldman Sachs Group began coverage on shares of Dell (NASDAQ:DELL) in a research note released on Monday, The Fly reports. The firm issued a buy rating and a $59.00 price objective on the technology company’s stock.
A number of other brokerages have also recently issued reports on DELL. Bank of America started coverage on Dell in a report on Friday, January 4th. They set a buy rating and a $63.00 target price on the stock. JPMorgan Chase & Co. started coverage on Dell in a report on Friday, December 28th. They set an overweight rating and a $60.00 target price on the stock. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus price target of $61.00.
Dell stock opened at $46.94 on Monday. The stock has a market capitalization of $34.89 billion, a P/E ratio of 7.61 and a beta of 0.47. Dell has a 12-month low of $44.77 and a 12-month high of $49.10. The company has a current ratio of 0.90, a quick ratio of 0.82 and a debt-to-equity ratio of 2.81.
Dell (NASDAQ:DELL) last posted its quarterly earnings results on Thursday, November 29th. The technology company reported $1.82 earnings per share (EPS) for the quarter. The business had revenue of $22.48 billion for the quarter. Dell had a positive return on equity of 31.57% and a negative net margin of 2.84%. As a group, equities analysts predict that Dell will post 6.23 earnings per share for the current fiscal year.
A hedge fund recently bought a new stake in Dell stock. Gulf International Bank UK Ltd acquired a new stake in shares of Dell Inc. (NASDAQ:DELL) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 81,564 shares of the technology company’s stock, valued at approximately $3,986,000. 22.92% of the stock is currently owned by institutional investors.
Dell Company Profile
Dell Inc (Dell) is a global information technology company that offers its customers a range of solutions and services delivered directly by Dell and through other distribution channels. Dell is a holding company that conducts its business worldwide through its subsidiaries. The Company operates in four segments: Large Enterprise, Public, Small and Medium Business, and Consumer.
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