Dell Technologies (DVMT) Receives $101.00 Consensus Target Price from Brokerages

Shares of Dell Technologies (NYSE:DVMT) have been assigned a consensus recommendation of “Buy” from the eight research firms that are covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $110.00.

A number of research firms have issued reports on DVMT. Zacks Investment Research cut Dell Technologies from a “strong-buy” rating to a “hold” rating in a report on Monday, May 14th. ValuEngine cut Dell Technologies from a “strong-buy” rating to a “buy” rating in a report on Monday, April 2nd. Stifel Nicolaus cut Dell Technologies from a “buy” rating to a “hold” rating in a report on Friday, March 2nd. Wells Fargo began coverage on Dell Technologies in a report on Wednesday, February 28th. They set an “outperform” rating on the stock. Finally, Deutsche Bank began coverage on Dell Technologies in a report on Wednesday, February 28th. They set a “buy” rating and a $114.00 price target on the stock.

Several institutional investors have recently bought and sold shares of the business. BlackRock Inc. boosted its holdings in shares of Dell Technologies by 0.6% during the 1st quarter. BlackRock Inc. now owns 13,345,023 shares of the company’s stock worth $976,989,000 after buying an additional 80,209 shares in the last quarter. Farallon Capital Management LLC lifted its holdings in shares of Dell Technologies by 49.4% in the 1st quarter. Farallon Capital Management LLC now owns 7,027,500 shares of the company’s stock worth $514,483,000 after purchasing an additional 2,324,060 shares in the last quarter. FIL Ltd lifted its holdings in shares of Dell Technologies by 92.5% in the 1st quarter. FIL Ltd now owns 4,200,320 shares of the company’s stock worth $307,505,000 after purchasing an additional 2,017,944 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Dell Technologies by 182.2% in the 4th quarter. Renaissance Technologies LLC now owns 3,700,100 shares of the company’s stock worth $300,744,000 after purchasing an additional 2,389,100 shares in the last quarter. Finally, Canyon Capital Advisors LLC lifted its holdings in shares of Dell Technologies by 694.4% in the 1st quarter. Canyon Capital Advisors LLC now owns 3,035,577 shares of the company’s stock worth $222,235,000 after purchasing an additional 2,653,460 shares in the last quarter. Hedge funds and other institutional investors own 23.02% of the company’s stock.



NYSE:DVMT traded up $4.49 on Monday, reaching $78.81. 6,565,272 shares of the stock traded hands, compared to its average volume of 1,052,955. The company has a market capitalization of $57.18 billion, a PE ratio of 12.77, a P/E/G ratio of 1.43 and a beta of -0.45. The company has a debt-to-equity ratio of 2.94, a quick ratio of 0.79 and a current ratio of 0.85. Dell Technologies has a 1-year low of $59.92 and a 1-year high of $92.40.

Dell Technologies (NYSE:DVMT) last released its earnings results on Thursday, March 8th. The company reported $2.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.64 by $0.75. The business had revenue of $21.94 billion during the quarter. Dell Technologies had a negative net margin of 4.74% and a positive return on equity of 23.17%. research analysts predict that Dell Technologies will post 5.76 EPS for the current year.

Dell Technologies Company Profile

Dell Technologies Inc designs, develops, manufactures, markets, sells, and supports information technology (IT) products and services worldwide. It operates through three segments: Client Solutions Group (CSG), Infrastructure Solutions Group (ISG), and VMware. The CSG segment offers hardware, such as desktop personal computers, notebooks, and workstations; and branded peripherals, including monitors and projectors; third-party software and peripherals; and attached software, peripherals, and services comprising support and deployment, configuration, and extended warranty services.

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