Dell (DELL) PT Raised to $77.00 at JPMorgan Chase & Co.

Dell (NASDAQ:DELL) had its target price upped by research analysts at JPMorgan Chase & Co. from $68.00 to $77.00 in a research report issued to clients and investors on Monday, The Fly reports. The brokerage currently has an “overweight” rating on the technology company’s stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 22.63% from the company’s previous close.

Other equities analysts have also issued reports about the stock. Citigroup started coverage on shares of Dell in a report on Wednesday, January 23rd. They issued a “buy” rating and a $55.00 price objective for the company. Cross Research started coverage on shares of Dell in a report on Monday, January 7th. They issued a “buy” rating and a $65.00 price objective for the company. Goldman Sachs Group started coverage on shares of Dell in a report on Monday, January 7th. They issued a “buy” rating and a $59.00 price objective for the company. Bank of America started coverage on shares of Dell in a report on Friday, January 4th. They issued a “buy” rating and a $63.00 price objective for the company. Finally, Morgan Stanley boosted their price objective on shares of Dell from $49.00 to $60.00 and gave the stock an “equal weight” rating in a report on Thursday, February 28th. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $62.00.

Shares of NASDAQ DELL opened at $62.79 on Monday. Dell has a twelve month low of $42.02 and a twelve month high of $64.58. The company has a market capitalization of $45.63 billion, a P/E ratio of 10.18 and a beta of 0.47. The company has a quick ratio of 0.82, a current ratio of 0.90 and a debt-to-equity ratio of 2.81.

A number of large investors have recently bought and sold shares of the business. Kistler Tiffany Companies LLC bought a new stake in Dell in the 1st quarter worth approximately $28,000. Optimum Investment Advisors bought a new stake in Dell in the 4th quarter worth approximately $28,000. Tortoise Investment Management LLC bought a new stake in Dell in the 4th quarter worth approximately $28,000. Lloyds Banking Group plc bought a new stake in Dell in the 4th quarter worth approximately $31,000. Finally, TCI Wealth Advisors Inc. bought a new stake in Dell in the 1st quarter worth approximately $39,000. 22.92% of the stock is owned by institutional investors and hedge funds.

About Dell

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.

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The Fly

Analyst Recommendations for Dell (NASDAQ:DELL)

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