Shares of Symantec Co. (NASDAQ:SYMC) have been given an average rating of “Hold” by the sixteen analysts that are presently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, eleven have given a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $23.20.
A number of equities analysts have weighed in on the company. UBS Group raised Symantec from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $23.00 to $27.00 in a research report on Tuesday, November 5th. Argus reaffirmed a “hold” rating on shares of Symantec in a research report on Tuesday, August 13th. BidaskClub cut Symantec from a “sell” rating to a “strong sell” rating in a research report on Saturday, October 26th. Finally, ValuEngine downgraded Symantec from a “hold” rating to a “sell” rating in a research note on Wednesday, October 2nd.
In other news, EVP Samir Kapuria sold 9,674 shares of the business’s stock in a transaction that occurred on Thursday, October 10th. The stock was sold at an average price of $23.47, for a total transaction of $227,048.78. Following the completion of the sale, the executive vice president now owns 387,166 shares in the company, valued at $9,086,786.02. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In the last quarter, insiders sold 29,022 shares of company stock worth $678,825. 1.90% of the stock is owned by company insiders.
NASDAQ:SYMC traded down $0.03 during mid-day trading on Tuesday, hitting $25.46. The stock had a trading volume of 8,345,168 shares, compared to its average volume of 4,062,447. Symantec has a twelve month low of $17.42 and a twelve month high of $26.07. The stock has a market cap of $15.74 billion, a price-to-earnings ratio of 21.76, a PEG ratio of 3.77 and a beta of 1.28. The company’s 50 day simple moving average is $23.75 and its 200 day simple moving average is $22.72. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.71 and a current ratio of 0.71.
Symantec Company Profile
Symantec Corporation provides cybersecurity products, services, and solutions worldwide. The company operates through two segments, Enterprise Security and Consumer Digital Safety. The Enterprise Security segment provides endpoint and information protection products, including endpoint security, advanced threat protection, and information protection solutions and their related support services; and network and Web security products, such as network security, Web security, and cloud security solutions and their related support services.
Featured Article: How Investors Use a Balance Sheet
Receive News & Ratings for Symantec Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Symantec and related companies with MarketBeat.com's FREE daily email newsletter.