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Thursday 18 April 2013

EMC Corporation stock Rating prices target

EMC Corporation stock Rating prices target : EMC Corporation (EMC) has been reiterated by TheStreet Ratings as a buy with a ratings score of B. The company’s strengths can be seen in multiple areas, such as its increase in net income, revenue growth, growth in earnings per share, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.


” TheStreet’s analyst wrote.

A number of other analysts have also recently weighed in on EMC. Analysts at Piper Jaffray reiterated an overweight rating on shares of EMC in a research note to investors on Tuesday. They now have a $29.00 price target on the stock. Separately, analysts at Oppenheimer downgraded shares of EMC to an outperform rating in a research note to investors on Wednesday, April 3rd. They now have a $28.00 price target on the stock, down previously from $30.00.

One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have assigned a buy rating to the company. The company has a consensus rating of Buy and a consensus price target of $29.22.

EMC (NYSE: EMC) opened at 22.71 on Tuesday. EMC has a 1-year low of $22.63 and a 1-year high of $29.26. The stock’s 50-day moving average is currently $23.83. The company has a market cap of $47.792 billion and a price-to-earnings ratio of 18.40.

EMC Corporation (NYSE: EMC) and its subsidiaries develops, delivers and supports the information technology (IT) industry’s range of information infrastructure and virtual infrastructure technologies, solutions and services.

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