The analysts wrote, ?Dell (Nasdaq:DELL) has been upgraded by TheStreet Ratings from hold to buy. The company?s strengths can be seen in multiple areas, such as its attractive valuation levels, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income.? A number of other analysts have also recently weighed in on DELL. Analysts at Barclays Capital reiterated an ?equalweight? rating on shares of Dell in a research note to investors on Wednesday, January 16th. They now have a $14.00 price target on the stock. Separately, analysts at Argus downgraded shares of Dell from a ?buy? rating to a ?hold? rating in a research note to investors on Wednesday, January 16th. They noted that the move was a valuation call. Finally, 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, January 15th. They now have a ?buy? rating on the stock. They noted that the move was a valuation call. Eleven analysts have rated the stock with a buy rating, two have assigned an overweight rating, twenty have issued a hold rating, and two have issued a sell rating to the company?s stock. Dell has an average rating of ?overweight? and an average price target of $12.38.
Shares of Dell traded down 1.23% during mid-day trading on Tuesday, hitting $12.88. 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 $11.28. The company has a market cap of $22.376 billion and a P/E ratio of 8.88.
Dell last posted its quarterly earnings results on Thursday, November 15th. The company reported $0.39 earnings per share for the quarter, missing the analysts? 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 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. To view TheStreet?s full report, visit www.thestreetratings.com