Analyst Revises EMC Corporation (NYSE:EMC) Stock Target


EMC Corporation (NYSE:EMC) mean price target has been set at $28.9100 by Thomson Reuters. The group worked out on the stock recommendations given by analysts in the First Call poll. Further, it is possible that the company may register per share earnings of $0.4400 in the near-term quarter and $1.8000 for the ongoing fiscal. The market cap of EMC Corporation Common Stock was recorded at $53.68B after the stock closed at $27.4825 in last trading day. What The Valuation Says? The price/earnings ratio is taken in the list of ratios that leads to a stock’s valuation. Commonly named as P/E ratio, it helps investors know where the company stands in the market. It is derived by dividing share’s latest price by per-share earnings. EMC Corporation (NYSE:EMC) has a P/E ratio of 26.7339. Investors can identify how the stock is doing in the market by estimating Price-to-Earnings Growth ratio. EMC Corporation (NYSE:EMC) PEG ratio sits at 1.7200. A low PEG ratio offers an investment opportunity to the opportunistic traders and investors. In case a stock has a reading in between 0 and 1, it represents undervalued stock. A reading of 1 and 2 represents fairly priced stocks. Technical Perspective The technical analysis of EMC Corporation Common Stock visibly illustrates that the 50-day MA of EMC Corporation Common Stock is $27.6415, and stock is trading -0.1590 or -0.5752% distant from $27.6415. The 200-day MA is $26.2102, and this price is $1.2723 or +4.8542% off from current level. EMC Corporation (NYSE:EMC) 52-week high is $28.7700 and the 52-week low is $22.6600. This represents that if the stock moves $-1.2875 points up on the chart to make a 52-week high. But, if it declines $+21.2820%, then the shares price can hit a new 52-week low.

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