Analysts Turn Mixed On Symantec Corporation (SYMC), United Parcel Service, Inc. (UPS)

The shares of Symantec Corporation (NASDAQ:SYMC) has been pegged with a rating of Neutral by Monness Crespi & Hardt in its latest research note that was published on July 10th, 2019. Monness Crespi & Hardt wasn’t the only research firm that published a report of Symantec Corporation, with other equities research analysts also giving their opinion on the stock. Mizuho advised investors in its research note published on June 17th, 2019, to Buy the SYMC stock while also putting a $23 price target. The stock had earned Underweight rating from Morgan Stanley when it published its report on June 11th, 2019. That day the Morgan Stanley set price target on the stock to $14. The stock was given Market Perform rating by Cowen in its report released on May 23rd, 2019, the day when the price target on the stock was placed at $22. Goldman was of a view that SYMC is Buy in its latest report on April 8th, 2019 while giving it a price target of $28. Mizuho thinks that SYMC is worth Neutral rating. This was contained in the firm’s report on March 27th, 2019.

Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 22 believe it has the potential for further growth, thus rating it as Hold while 0 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $20.84. The price of the stock the last time has raised by 30.16% from its Week high price while it is raised higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 50.48.

The shares of the company dipped by -3.78% during the trading session on Wednesday, reaching a low of $22.66 while ending the day at $22.68. During the trading session, a total of 8.52 million shares were traded which represents a 5.64% incline from the average session volume which is 9.03M shares. SYMC had ended its last session trading at 23.57. Symantec Corporation currently has a market cap of $14.22B while its P/E earnings growth sits at 3.01, with a beta of 1.37. Symantec Corporation debt-to-equity ratio currently stands at 0.78, while its quick ratio hovers at 0.80. SYMC 52-week low price stands at $17.42 while its 52-week high price is $26.07.

The company in its last quarterly report recorded $0.39 earnings per share which is below the $0.39 predicted by most analysts. The Symantec Corporation generated $1,195.00 million in revenue during the last quarter, which is slightly lower than the $1,207.39 million predicted by analysts. In the second quarter last year, the firm recorded $0.44 earnings per share. Compared to the same quarter last year, the firm’s revenue was down by -12.82%. Symantec Corporation has the potential to record -0.06 EPS for the current fiscal year, according to equities analysts.

Investment analysts at Goldman published a research note on July 10th, 2019 where it informed investors and clients that United Parcel Service, Inc. (NYSE:UPS) is now rated as Buy. Their price target on the stock stands at $123. Mizuho also rated UPS as Upgrade on June 17th, 2019, with its price target of $23 suggesting that UPS could surge by 10.86% from its current share price. Even though the stock has been trading at $105.61/share, analysts expect it to surge higher by -3.20% to reach $114.68/share. It started the day trading at $105.08 and traded between $102.09 and $102.23 throughout the trading session.

A look at its technical shows that UPS’s 50-day SMA is 100.26 while its 200-day SMA stands at 106.04. The stock has a high of $125.09 for the year while the low is $89.89. The company’s P/E ratio currently sits at 19.51, while the P/B ratio is 25.56. At the moment, only of United Parcel Service, Inc. shares were sold short. The company’s average trading volume currently stands at 3.14M shares, which means that the short-interest ratio is just 3.99 days. Over the past seven days, the company moved, with its shift of 0.60%. Looking further, the stock has dropped -10.28% over the past 90 days while it gained 4.79% over the last six months.

The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. The Vanguard Group Inc bought more UPS shares, increasing its portfolio by +3.58% during the last quarter. This move now sees The Vanguard Group Inc purchasing 1,878,470 shares in the last quarter, thus it now holds 54,396,487 shares of UPS, with a total valuation of $5,617,525,212. BlackRock Fund Advisors meanwhile sold more UPS shares in the recently filed quarter, changing its stake to $3,170,620,841 worth of shares. SSgA Funds Management Inc followed the path by increasing its UPS portfolio by +2.99% in the quarter. This means that SSgA Funds Management Inc bought 821,892 shares in the last quarter and now controls 28,282,866 shares of the UPS stock, with the valuation hitting $2,920,771,572.

Similarly, Capital Research Management Co increased its United Parcel Service, Inc. shares by +14.19% during the recently filed quarter. After buying 2,201,500 shares in the last quarter, the firm now controls 17,720,012 shares of United Parcel Service, Inc. which are valued at $1,829,945,639. In the same vein, Massachusetts Financial Services decreased its United Parcel Service, Inc. shares by during the most recent reported quarter. The firm sold -830,535 shares during the quarter which decreased its stakes to 16,006,172 shares and is now valued at $1,652,957,382. Following these latest developments, around of United Parcel Service, Inc. stocks are owned by institutional investors and hedge funds.