#EMC Co. (NYSE:EMC) – Analysts at Jefferies Group dropped their FY2016 EPS estimates for EMC in a research report issued to clients and investors on Tuesday, according to Zacks Investment Research. Jefferies Group analyst J. Kisner now forecasts that the brokerage will post earnings per share of $1.40 for the year, down from their prior estimate of $1.47. Jefferies Group has a “Hold” rating and a $29.00 price objective on the stock. The consensus estimate for EMC’s FY2016 earnings is $1.47 per share.
Several other equities research analysts have also recently weighed in on EMC.Zacks Investment Research upgraded shares of EMC from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a research note on Thursday, October 1st. Sanford C. Bernstein reiterated an “outperform” rating and issued a $30.00 target price on shares of EMC in a research note on Friday, October 9th. Deutsche Bank reissued a “buy” rating and issued a $30.00 price target on shares of EMC in a research report on Friday, October 9th. Raymond James reissued a “strong-buy” rating and issued a $32.00 price target on shares of EMC in a research report on Friday, October 9th. Finally, Vetr raised shares of EMC from a “hold” rating to a “buy” rating and set a $28.61 price target for the company in a research report on Tuesday, October 20th. One analyst has rated the stock with a sell rating, nineteen have assigned a hold rating, eighteen have assigned a buy rating and two have given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $29.49.
http://www.emqtv.com/emc-co-expected-to-earn-fy2016-earnings-of-1-40-per-share-emc/149839/
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