Analyst Ratings for Symantec Corp. (SYMC)Updated: 2017-07-29
Analysts covering Symantec Corp. (NASDAQ:SYMC) have given it a consensus rating of Overweight. A consensus rating of Overweight was previously issued for SYMC last month.
Of the 30 analysts covering the stock, 11 gave it a buy rating, 1 issued an overweight rating, 17 gave a hold rating, 1 issued an underweight rating, and 0 issued a sell rating. Today, there are 1 more analysts optimistic about the company future as compared with 90 days ago. Over the same time period, there has been an increase of 0 in the number of analysts with a negative outlook on the stock.
Several price targets were given for SYMC by the analysts covering the stock. The most optimistic analyst gave a price target of 40, which equates to a potential upside of 28.91 percent. The most pessimistic analyst gave a price target of 19, implying potential capital losses of -38.77 percent. It is crucial to not blindly accept any price targets or stock ratings, because many analysts have it in their best interest to give positive coverage of certain stocks.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 4.55 percent. That number becomes -35.21 percent if we expand the time horizon to include the past 3 months instead of just one. Meanwhile, fiscal year estimates have been revised upwards by 1.36 percent, compared to last month. If we look at the last 90 days instead, we find a net average change of -4.72 percent in FY estimates.
Another thing investors often look at is the level of agreement among analysts' revisions. 2 analysts have revised their quarterly estimates upwards in the past 30 days, while 0 analysts made negative revisions. During this time, 2 analysts made positive revisions in their estimates for this fiscal year's earnings, while 0 analysts decreased their estimates.
In the trailing 52-weeks, SYMC hit 33.22 at the highest peak, while it's lowest trading point was 20.29. Today's price is 52.93 percent above the 52-week low, and 6.59 percent below the high. SYMC has a price/earnings ratio of 0. Investors typically compare the P/E ratio to a company's peers in the industry. The SYMC value stock report compares SYMC to some of its peers using value stock charts. The market cap of SYMC is $18.82 billion. SYMC is estimated to release their earnings results for the quarter on 0000-00-00, days from today.