Price Target Changed: EMC Corp (EMC), Citrix (CTXS), Mellanox (MLNX), Dish Network (DISH), Las Vegas Sands (LVS)

EMC Corporation (EMC) was reiterated a ‘Hold’ by Deutsche Bank (DB) analysts on Thursday. The broker also raised its price target on EMC stock to $27 from $26.

Shares have traded today between $26.25 and $26.47 with the price of the stock fluctuating between $22.66 to $28.77 over the last 52 weeks.

On valuation measures, EMC Corp. shares are currently changing hands at 26.12x this year’s forecasted earnings, compared to the industry’s 10.02x earnings multiple. Ticker has a t-12 price/sales ratio of 2.08. EPS for the same period registers at $1.01.

Shares of EMC Corp have gained $0.06 to $26.43 in midday trading, giving it a market cap of roughly $51.6 billion. The stock traded as high as $28.77 on October 12, 2015.

Citrix Systems, Inc. (CTXS) was reiterated as ‘Buy’ with a $98 from $93 price target on Thursday by MKM Partners. Firm said the company’s first quarter results again showed progress. Citrix handed in earnings of $1.18 per share on revenue of $826 million, beating Wall Street estimates of $0.92 per share on revenue of $787.97 million.

For Q216, CTXS provided EPS guidance of $1.12-$1.15 versus consensus of $1.11 per share. The company also issued revenue projection of $810-$820 million, compared to the consensus revenue estimate of $812.79 million.

CTXS stock was also raised to $80 from $70 at Mizuho. Shares are higher by 5.14% to $84.66 in midday trading on Thursday.

Mellanox Technologies, Ltd. (MLNX) rating of ‘Sector Perform’ was reiterated today at FBN Securities with a price target cut of $50 from $52 (versus a $53.54 previous close) in spite of Q116 beat. The price reduction could be attributed to the company’s Q2 guidance. Mellanox guided Q216 revenues of $210-$215 million, as compared to analysts’ expectations of $216.22 million.

MLNX stock is down 12.48% at $46.86 as of this writing.

Shares of Dish Network Corp. (DISH) are up $0.97 to $48.39 in midday trading. RBC Capital Markets reiterated this morning their ‘Sector Perform’ rating while trimming the name’s 12-month base case estimate by 11 points to $50 a share.

DISH Network Corp. recently traded at $48.34, a gain of $0.92 over Wednesday’s closing price. The name has a current market cap of $22.44 billion.

Las Vegas Sands Corp. (LVS) was reiterated as ‘Market Perform’ with a price target increase of $47 from $44 at Telsey Advisory Group.

In the past 52 weeks, shares of LVS have traded between a low of $34.88 and a high of $57.77 and are now trading at $47.52.

Shares are down 0.55% year-over-year ; up 20.63% year-to-date.

Be the first to comment

Leave a Reply

Your email address will not be published.


*