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.
Many analysts weighed in on price targets for SYMC. The most optimistic analyst gave a price target of 40, implying a possible profit of 28.91 percent. The lowest price target was 19, implying potential capital losses of -38.77 percent. One must be careful with overanalyzing price targets and ratings due to possible conflicts of interest among the analysts releasing them.
Analysts have revised their earnings estimates upwards for this quarter, by about 4.55 percent on average, compared to last month. The average change in earnings estimates over the last 90 days is -35.21 percent. 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.
People are often interested in whether analysts were united in the direction of their revisions. 2 analysts made positive revisions to their quarterly estimates over the past month, while 0 analysts revised their estimates downwards. Over the same time period, 2 analysts revised their FY earnings estimates upwards, compared to 0 analysts that revised their FY estimates downwards.
In the last 52-weeks, SYMC has achieved a high of 33.22 and a low of 20.29. Currently the stock is 52.93 percent higher than its low, and 6.59 percent lower than its 52-week 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 stock has a market capitalization of $18.82 billion. SYMC's next earnings release will be on 0000-00-00, which is days away.