Dell (DELL) Price Target Raised to $85.00 at Citigroup
Dell (NASDAQ:DELL) had its price target upped by Citigroup from $70.00 to $85.00 in a research note published on Tuesday, The Fly reports. They currently have a buy rating on the technology company’s stock.
Several other research firms also recently issued reports on DELL. Raymond James boosted their price objective on shares of Dell from $64.00 to $74.00 and gave the stock an outperform rating in a research note on Thursday, May 2nd. Zacks Investment Research upgraded shares of Dell from a sell rating to a hold rating in a research note on Wednesday, May 1st. JPMorgan Chase & Co. boosted their price objective on shares of Dell from $68.00 to $77.00 and gave the stock an overweight rating in a research note on Monday, April 15th. Credit Suisse Group assumed coverage on shares of Dell in a research note on Thursday, April 11th. They set a neutral rating and a $65.00 price objective for the company. Finally, BMO Capital Markets boosted their price objective on shares of Dell from $48.00 to $52.00 and gave the stock a market perform rating in a research note on Monday, March 4th. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Dell has a consensus rating of Buy and a consensus target price of $64.91.
DELL opened at $65.70 on Tuesday. 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 52-week low of $42.02 and a 52-week high of $70.55. The company has a market cap of $49.58 billion, a price-to-earnings ratio of 10.65 and a beta of 0.47.
Several hedge funds and other institutional investors have recently bought and sold shares of DELL. Hanson McClain Inc. lifted its position in shares of Dell by 823.4% during the first quarter. Hanson McClain Inc. now owns 434 shares of the technology company’s stock worth $25,000 after purchasing an additional 387 shares in the last quarter. Trustcore Financial Services LLC acquired a new position in shares of Dell during the first quarter worth $26,000. Israel Discount Bank of New York acquired a new position in shares of Dell during the first quarter worth $27,000. B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund acquired a new position in shares of Dell during the first quarter worth $27,000. Finally, Optimum Investment Advisors acquired a new position in shares of Dell during the fourth quarter worth $28,000. 22.92% of the stock is currently owned by institutional investors and hedge funds.
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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