McAfee (NASDAQ:MCFE) had its target price raised by research analysts at Piper Sandler from $28.00 to $32.00 in a research note issued on Wednesday, The Fly reports. The brokerage presently has an “overweight” rating on the stock. Piper Sandler’s target price indicates a potential upside of 13.68% from the stock’s previous close.
Several other equities analysts also recently weighed in on the company. Morgan Stanley raised their price objective on McAfee from $30.50 to $32.00 and gave the company an “overweight” rating in a research note on Thursday, April 22nd. Zacks Investment Research lowered McAfee from a “buy” rating to a “hold” rating in a research note on Wednesday, May 5th. Pritchard Capital upped their price target on shares of McAfee from $18.00 to $21.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 24th. Stifel Nicolaus increased their target price on shares of McAfee from $20.00 to $22.00 and gave the stock a “hold” rating in a research report on Wednesday, May 5th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on McAfee from $23.50 to $25.50 in a report on Wednesday, March 10th. Six analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $24.63.
MCFE opened at $28.15 on Wednesday. The firm has a 50-day simple moving average of $25.13. The stock has a market cap of $12.13 billion and a P/E ratio of 21.33. McAfee has a one year low of $14.80 and a one year high of $28.92.
McAfee (NASDAQ:MCFE) last released its quarterly earnings results on Tuesday, May 4th. The company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.11). The company had revenue of $442.00 million for the quarter, compared to analysts’ expectations of $732.63 million. The firm’s quarterly revenue was up 24.9% on a year-over-year basis. On average, research analysts expect that McAfee will post 1.19 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Public Employees Retirement System of Ohio raised its holdings in shares of McAfee by 4.3% in the first quarter. Public Employees Retirement System of Ohio now owns 19,026 shares of the company’s stock valued at $433,000 after buying an additional 780 shares during the last quarter. Wells Fargo & Company MN acquired a new position in McAfee during the 4th quarter worth $28,000. The PNC Financial Services Group Inc. boosted its position in McAfee by 251.4% in the 1st quarter. The PNC Financial Services Group Inc. now owns 2,811 shares of the company’s stock valued at $64,000 after buying an additional 2,011 shares during the last quarter. Bluestein R H & Co. increased its stake in shares of McAfee by 30.0% in the 1st quarter. Bluestein R H & Co. now owns 13,000 shares of the company’s stock valued at $296,000 after buying an additional 3,000 shares during the period. Finally, Panagora Asset Management Inc. bought a new stake in shares of McAfee during the first quarter worth $109,000. Institutional investors and hedge funds own 30.54% of the company’s stock.
McAfee Company Profile
McAfee Corp. provides various integrated security, privacy, and trust solutions to consumers, small and medium-sized businesses, large enterprises, and governments in the United States and internationally. The company operates in two segments, Consumer and Enterprise. Its security technologies enable home users and businesses to stay ahead of the wave of fileless attacks, viruses, malware, and other online threats.
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