Dell (DELL) Now Covered by Credit Suisse Group
Credit Suisse Group assumed coverage on shares of Dell (NASDAQ:DELL) in a research report issued on Thursday, The Fly reports. The brokerage set a “neutral” rating on the technology company’s stock.
A number of other research firms have also commented on DELL. BMO Capital Markets raised their price target on Dell from $48.00 to $52.00 and gave the stock a “market perform” rating in a report on Monday, March 4th. Morgan Stanley raised their price target on Dell from $49.00 to $60.00 and gave the stock an “equal weight” rating in a report on Thursday, February 28th. Citigroup reaffirmed a “buy” rating and issued a $70.00 price target (up from $55.00) on shares of Dell in a report on Friday, March 1st. Zacks Investment Research lowered Dell from a “buy” rating to a “hold” rating in a report on Monday, March 4th. Finally, JPMorgan Chase & Co. increased their price objective on Dell from $60.00 to $65.00 and gave the stock an “overweight” rating in a research report on Monday, February 4th. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $60.50.
Dell stock opened at $63.29 on Thursday. Dell has a one year low of $42.02 and a one year high of $63.63. The company has a debt-to-equity ratio of 2.81, a current ratio of 0.90 and a quick ratio of 0.82. The firm has a market capitalization of $44.35 billion, a PE ratio of 10.26 and a beta of 0.47.
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.
Further Reading: Market Capitalization and Individual Investors
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