Analysts Set Dell Inc. (NASDAQ:DELL) Price Target at $61.38

Dell Inc. (NASDAQ:DELL) has been given an average rating of “Buy” by the seventeen brokerages that are currently covering the stock, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $61.38.

A number of analysts have recently commented on DELL shares. Evercore ISI set a $63.00 price objective on Dell and gave the stock a “buy” rating in a research note on Friday, August 30th. Raymond James lifted their price target on Dell from $61.00 to $62.00 and gave the company an “outperform” rating in a report on Friday, August 30th. Credit Suisse Group boosted their target price on Dell from $58.00 to $61.00 and gave the company a “neutral” rating in a research note on Friday, August 30th. Wells Fargo & Co set a $68.00 target price on Dell and gave the company a “buy” rating in a research note on Friday, August 30th. Finally, Barclays boosted their target price on Dell from $53.00 to $54.00 and gave the company an “equal weight” rating in a research note on Friday, August 30th.

In other Dell news, insider Howard D. Elias sold 7,702 shares of the stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $46.74, for a total transaction of $359,991.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Maya Mcreynolds sold 3,099 shares of the stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $55.00, for a total value of $170,445.00. The disclosure for this sale can be found here. Insiders have sold a total of 4,815,812 shares of company stock worth $249,438,302 in the last ninety days. 46.00% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Israel Discount Bank of New York bought a new position in Dell during the first quarter worth about $27,000. B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund acquired a new stake in shares of Dell in the first quarter valued at approximately $27,000. Ibex Wealth Advisors acquired a new position in Dell during the second quarter valued at approximately $31,000. Carroll Financial Associates Inc. raised its position in Dell by 171.4% during the second quarter. Carroll Financial Associates Inc. now owns 635 shares of the technology company’s stock valued at $32,000 after purchasing an additional 401 shares in the last quarter. Finally, Prestige Wealth Management Group LLC acquired a new position in Dell during the second quarter valued at approximately $33,000. Institutional investors own 22.92% of the company’s stock.

Shares of DELL traded down $1.19 during mid-day trading on Tuesday, hitting $51.85. The stock had a trading volume of 2,237,236 shares, compared to its average volume of 2,672,095. The company has a market cap of $37.26 billion, a PE ratio of 8.40 and a beta of 0.47. The company’s fifty day simple moving average is $50.70 and its two-hundred day simple moving average is $57.06. The company has a quick ratio of 0.82, a current ratio of 0.90 and a debt-to-equity ratio of 2.81. Dell has a fifty-two week low of $42.02 and a fifty-two week high of $70.55.

Dell (NASDAQ:DELL) last released its quarterly earnings data on Thursday, August 29th. The technology company reported $2.15 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.46 by $0.69. The business had revenue of $23.37 billion during the quarter, compared to analyst estimates of $23.32 billion. Dell had a positive return on equity of 31.57% and a negative net margin of 2.84%. The business’s quarterly revenue was up 1.9% compared to the same quarter last year. Equities analysts expect that Dell will post 6.23 earnings per share for the current year.

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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Analyst Recommendations for Dell (NASDAQ:DELL)

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