Short Term Price Target on Symantec Corporation (SYMC)

Symantec Corporation (NASDAQ:SYMC) : The consensus price target for Symantec Corporation (NASDAQ:SYMC) is $20.65 for the short term with a standard deviation of $3.59. The most optimist securities analyst among the 10 who monitor the stock believes that the stock can reach $24, however, the pessimist price target for the company is $14.

Symantec Corporation has dropped 3.3% in the last five trading days, however, the shares have posted positive gains of 19.18% in the last 4 weeks. Symantec Corporation is up 12.06% in the last 3-month period. Year-to-Date the stock performance stands at 22.95%. Also, In the latest statement by the brokerage house, UBS upgrades its outlook on Symantec Corporation (NASDAQ:SYMC). The current rating of the shares is Buy, according to the research report released by the firm. Previously, the company had a rating of Sell. The brokerage firm raises the price target from $16 per share to $24 per share. The rating by the firm was issued on June 20, 2016.

Symantec Corporation (NASDAQ:SYMC) has an average broker rating of 2.67, which is interpreted as a Hold, as rated by 18 equity analysts. Nonetheless, 3 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 13 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 1 considers that the stock is a Sell.

Symantec Corporation (NASDAQ:SYMC): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $20.29 and $20.29 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $20.64. The buying momentum continued till the end and the stock did not give up its gains. It closed at $20.54, notching a gain of 0.93% for the day. The total traded volume was 7,784,720 . The stock had closed at $20.35 on the previous day.

In an insider trading activity, The director, of Symantec Corp, Vautrinot Suzanne M had unloaded 3,750 shares at $20.6 per share in a transaction on June 20, 2016. The total value of transaction was $77,250. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

Symantec Corporation provides security, backup and availability solutions. The Company operates in three segments: Consumer Security, Enterprise Security, and Information Management. The Companys products and services offer protection of information in any environment from the mobile device, to the enterprise data center, to cloud-based systems. Consumers receive automatic downloads of the latest virus definitions, application bug fixes and patches for its consumer product. The Companys enterprise security support program offers annual maintenance support contracts, including content, upgrades and technical support. The Companys Consumer Security segment offers Norton-branded services, which provide multi-layer security and identity protection on desktop and mobile operating systems, to defend against online threats to individuals, families and small businesses.

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