NortonLifeLock Inc. (NASDAQ:NLOK) Receives $26.00 Average Price Target from Brokerages

NortonLifeLock Inc. (NASDAQ:NLOK) has been assigned a consensus rating of “Hold” from the six research firms that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $26.00.

A number of brokerages have recently weighed in on NLOK. Credit Suisse Group assumed coverage on shares of NortonLifeLock in a research note on Wednesday, November 27th. They set a “neutral” rating and a $26.00 price objective for the company. Mizuho assumed coverage on shares of NortonLifeLock in a research note on Wednesday, November 6th. They issued a “buy” rating for the company. Zacks Investment Research cut shares of NortonLifeLock from a “hold” rating to a “sell” rating in a research note on Thursday, November 14th. Royal Bank of Canada assumed coverage on shares of NortonLifeLock in a research note on Friday, November 8th. They issued a “sector perform” rating for the company. Finally, Barclays assumed coverage on shares of NortonLifeLock in a research note on Wednesday, November 6th. They issued an “equal weight” rating for the company.

Shares of NLOK traded up $0.83 during mid-day trading on Friday, reaching $26.23. 509,331 shares of the company’s stock were exchanged, compared to its average volume of 5,124,497. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.93 and a quick ratio of 1.93. NortonLifeLock has a 52-week low of $17.42 and a 52-week high of $26.07. The stock has a market cap of $15.86 billion, a price-to-earnings ratio of 22.49, a price-to-earnings-growth ratio of 12.54 and a beta of 1.29.

NortonLifeLock (NASDAQ:NLOK) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.46 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.05. NortonLifeLock had a net margin of 21.39% and a return on equity of 12.82%. The business had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.18 billion. During the same period last year, the company posted $0.42 EPS. The company’s revenue was up .3% on a year-over-year basis. On average, equities analysts expect that NortonLifeLock will post 0.44 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Monday, November 25th will be paid a $0.125 dividend. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $0.50 annualized dividend and a yield of 1.91%. NortonLifeLock’s payout ratio is currently 42.74%.

A hedge fund recently bought a new stake in NortonLifeLock stock. New Mexico Educational Retirement Board purchased a new stake in NortonLifeLock Inc. (NASDAQ:NLOK) during the third quarter, according to the company in its most recent filing with the SEC. The firm purchased 47,697 shares of the company’s stock, valued at approximately $1,127,000. 85.33% of the stock is owned by institutional investors.

About NortonLifeLock

NortonLifeLock Inc provides cyber security products, services, and solutions worldwide. The company offers Norton security solutions as a subscription service providing protection for devices against malware, viruses, adware, and ransomware on various platforms; and LifeLock identity theft protection solution that provides identity monitoring, alerts, and restoration to its customers.

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