Robert W. Baird reaffirmed their hold rating on shares of NortonLifeLock (NASDAQ:NLOK) in a research report released on Monday morning, AnalystRatings.com reports. They currently have a $26.00 target price on the stock.
Other analysts have also recently issued reports about the company. Royal Bank of Canada began coverage on NortonLifeLock in a report on Friday, November 8th. They set a sector perform rating for the company. Barclays raised NortonLifeLock from an equal weight rating to an overweight rating and set a $32.00 price objective for the company in a report on Monday, January 6th. Zacks Investment Research cut NortonLifeLock from a hold rating to a sell rating in a report on Thursday, November 14th. Mizuho reissued a buy rating and set a $28.00 price objective on shares of NortonLifeLock in a report on Tuesday, December 10th. Finally, ValuEngine cut NortonLifeLock from a buy rating to a hold rating in a report on Tuesday, December 24th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. The company currently has an average rating of Hold and an average target price of $28.20.
Shares of NASDAQ:NLOK opened at $27.50 on Monday. The company has a market cap of $16.68 billion, a PE ratio of 23.50, a P/E/G ratio of 13.22 and a beta of 1.28. NortonLifeLock has a 1-year low of $17.50 and a 1-year high of $27.51. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.93 and a quick ratio of 1.93. The stock’s 50-day moving average price is $25.82.
NortonLifeLock (NASDAQ:NLOK) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.46 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.05. The firm had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.18 billion. NortonLifeLock had a return on equity of 12.82% and a net margin of 21.39%. The company’s quarterly revenue was up .3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.42 EPS. Sell-side analysts expect that NortonLifeLock will post 0.43 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Monday, November 25th were paid a $0.125 dividend. The ex-dividend date was Friday, November 22nd. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.82%. NortonLifeLock’s dividend payout ratio (DPR) is presently 42.74%.
Several hedge funds have recently made changes to their positions in NLOK. IBM Retirement Fund bought a new stake in shares of NortonLifeLock in the 4th quarter valued at about $215,000. Sanders Morris Harris LLC bought a new stake in shares of NortonLifeLock in the 4th quarter valued at about $234,000. Raymond James Trust N.A. bought a new stake in shares of NortonLifeLock in the 4th quarter valued at about $334,000. FTB Advisors Inc. bought a new stake in shares of NortonLifeLock in the 4th quarter valued at about $370,000. Finally, IMS Capital Management bought a new stake in shares of NortonLifeLock in the 4th quarter valued at about $402,000. 85.32% of the stock is owned by institutional investors.
NortonLifeLock Inc provides cyber security products, services, and solutions worldwide. The company offers Norton security solutions as a subscription service providing protection for devices against malware, viruses, adware, and ransomware on various platforms; and LifeLock identity theft protection solution that provides identity monitoring, alerts, and restoration to its customers.
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