Wall Street Analysts Forecast 15.6% on Symantec Corporation (NASDAQ:SYMC)

Lloyd Doyle
December 8, 2017

Bluemountain Capital Management Llc who had been investing in Symantec Corp (Call) for a number of months, seems to be bullish on the $17.14 billion market cap company. It operates through two divisions, Consumer Digital Safety and Enterprise Security. Similarly, the Earnings Yield Five Year Average is the five year average operating income or EBIT divided by the current enterprise value. The Consumer Digital Safety segment provides Norton-branded services that provide multi-layer security services across desktop and mobile operating systems, public Wi-Fi connections, and home networks to defend against online threats to individuals, families, and small businesses. Cowen & Co maintained the shares of SYMC in report on Wednesday, September 6 with "Hold" rating. Coatue Management LLC now owns 17,902,408 shares of the technology company's stock valued at $505,743,000 after purchasing an additional 743,961 shares in the last quarter. Deere & Co now has $48.14 billion valuation. Loomis Sayles & LP accumulated 0.06% or 835,085 shares. Greenwood Capital Associates LLC increased its position in shares of Symantec by 1.7% in the first quarter. Now the price is sitting at 0.4% higher than its 50 days moving average. It has outperformed by 89.88% the S&P500. The insider, NOVIELLO NICHOLAS R, now holds 190,319 shares of SYMC. Bluemountain Capital Management Llc bought 494,500 shares as the company's stock rose 0.76% with the market. The lowest target is $26.0 while the high is $30.0. Piper Jaffray Companies set a $40.00 price objective on shares of Symantec and gave the company a "buy" rating in a research report on Sunday, October 15th. Profit Invest Mgmt Limited Liability Company has invested 0.28% in Symantec Corporation (NASDAQ:SYMC). The stock has "Buy" rating by Citigroup on Friday, April 29. Gemmer Asset Management Ltd stated it has 0.01% in Symantec Corporation (NASDAQ:SYMC). During the same period past year, the firm posted $0.30 EPS. SYMC now has a profit margin of -5.30%. Short-term as well long term investors always focus on the liquidity of the stocks so for that concern, liquidity measure in recent quarter results of the company was recorded 1.80 as current ratio and on the opponent side the debt to equity ratio was 0.91 and long-term debt to equity ratio also remained 0.88. Vanguard Group Inc. now owns 61,195,217 shares of the technology company's stock valued at $1,728,766,000 after purchasing an additional 757,092 shares in the last quarter. About 1.30 million shares traded.

More news for Symantec Corporation (NASDAQ:SYMC) were recently published by: Nasdaq.com, which released: "Symantec Corporation (SYMC) Ex-Dividend Date Scheduled for November 17, 2017" on November 16, 2017. It has outperformed by 55.12% the S&P500. Ajo Limited Partnership has invested 0.04% of its portfolio in Symantec Corporation (NASDAQ:SYMC). Schroder Inv Mgmt Grp Inc reported 7,000 shares. The New York-based Js Capital Management Llc has invested 6.86% in the stock.

Since June 16, 2017, it had 0 insider purchases, and 1 sale for $631,808 activity. Nationwide Fund accumulated 44,122 shares. It also reduced Allstate Corp (NYSE:ALL) stake by 21,868 shares and now owns 146,873 shares.


Among 28 analysts covering Deere & Company (NYSE:DE), 11 have Buy rating, 4 Sell and 13 Hold. Therefore 39% are positive. Symantec had 80 analyst reports since August 11, 2015 according to SRatingsIntel. The balance sheet health of any company plays a key role in its ability to meet its obligations and maintain the faith of its investment base. The firm earned "Hold" rating on Wednesday, July 5 by Jefferies. As per Friday, March 24, the company rating was maintained by RBC Capital Markets. Morgan Stanley reinitiated the stock with "Overweight" rating in Monday, August 15 report. The stock has "Sell" rating by William Blair on Wednesday, August 19. (NASDAQ:TTPH) earned "Buy" rating by Needham on Thursday, August 6. When investing in a volatile security, the risk of success is increased just as much as the risk of failure. Its down 0.16, from 1.47 in 2017Q1. It is positive, as 54 investors sold SYMC shares while 167 reduced holdings.

Institutional investors and hedge funds have recently made changes to their positions in the company. For SYMC, the company now has 1.75 billion of cash on the books, which is offset by 130 million in current liabilities. Amer Gp holds 0.02% or 246,251 shares in its portfolio.

The company shows its Return on Assets (ROA) value of -1.4%. Hm Payson Com holds 0.06% or 10,774 shares. Fairfield Bush Company holds 0.07% in Deere & Company (NYSE:DE) or 1,725 shares. Stifel Finance Corp has 150,897 shares for 0.02% of their portfolio. Symantec Corporation has had 12 insider trades in the last 3 months, including 0 open market buys and 12 sells. Country Trust Comml Bank owns 100 shares. Rock Springs Cap Mngmt L P invested in 0.25% or 698,000 shares. For Symantec Corporation (NASDAQ:SYMC), Stochastic %D value stayed at 34.68% for the last 9 days.

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