Dell Downgraded to “Hold” at Argus (DELL) - InvestingChannel

Dell Downgraded to “Hold” at Argus (DELL)

Shares of Dell opened at 13.17 on Wednesday. Dell has a one year low of $8.69 and a one year high of $18.36. The stock?s 50-day moving average is currently $10.56. The company has a market cap of $22.880 billion and a P/E ratio of 8.97.

Dell last posted its quarterly earnings results on Thursday, November 15th. The company reported $0.39 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.40 by $0.01. The company had revenue of $13.70 billion for the quarter, compared to the consensus estimate of $13.91 billion. Analysts expect that Dell will post $1.71 EPS for the current fiscal year.

DELL has been the subject of a number of other recent research reports. Analysts at Maxim Group raised their price target on shares of Dell from $13.00 to $14.50 in a research note to investors on Tuesday. They now have a ?buy? rating on the stock. They noted that the move was a valuation call. Separately, analysts at Bank of America reiterated a ?buy? rating on shares of Dell in a research note to investors on Tuesday. They now have a $13.00 price target on the stock. Finally, analysts at Monness Crespi downgraded shares of Dell from a ?buy? rating to a ?neutral? rating in a research note to investors on Tuesday. They now have a $13.00 price target on the stock. Thirteen investment analysts have rated the stock with a buy rating, two have given an overweight rating, eighteen have assigned a hold rating, and two have issued a sell rating to the stock. The stock has an average rating of ?overweight? and a consensus price target of $12.04.

The company also recently declared a quarterly dividend, which is scheduled for Wednesday, January 23rd. Stockholders of record on Wednesday, January 2nd will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date of this dividend is Friday, December 28th.

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.