Stifel Nicolaus started coverage on shares of VMware (NYSE: VMW) in a research note released on Thursday morning. The firm issued a hold rating on the stock.
Shares of VMware traded up 0.42% during mid-day trading on Thursday, hitting $73.86. VMware has a 52 week low of $70.05 and a 52 week high of $118.79. The stock’s 50-day moving average is currently $81.87. The company has a market cap of $31.663 billion and a P/E ratio of 42.76.
Several other analysts have also recently commented on the stock. Analysts at Citigroup upgraded shares of VMware from a sell rating to a neutral rating in a research note to investors on Monday, February 25th. They now have a $75.00 price target on the stock. They noted that the move was a valuation call. Separately, analysts at Lazard Capital Markets downgraded shares of VMware to a neutral rating in a research note to investors on Monday, February 11th. Finally, analysts at Evercore Partners upgraded shares of VMware from an equal weight rating to an overweight rating in a research note to investors on Monday, February 11th. They now have a $95.00 price target on the stock. They noted that the move was a valuation call.
Nineteen equities research analysts have rated the stock with a buy rating, three have given an overweight rating, twenty-three have assigned a hold rating, and one has assigned a sell rating to the company’s stock. The company has a consensus rating of overweight and an average target price of $97.68.
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