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NortonLifeLock’s (NLOK) Hold Rating Reaffirmed at Robert W. Baird

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Robert W. Baird reissued their hold rating on shares of NortonLifeLock (NASDAQ:NLOK) in a research note published on Monday, reports. Robert W. Baird currently has a $26.00 price target on the stock.

Several other research firms have also recently weighed in on NLOK. Zacks Investment Research cut NortonLifeLock from a hold rating to a sell rating in a research note on Thursday, November 14th. Credit Suisse Group started coverage on NortonLifeLock in a research note on Wednesday, November 27th. They set a neutral rating and a $26.00 target price on the stock. Barclays raised NortonLifeLock from an equal weight rating to an overweight rating and set a $32.00 target price on the stock in a research note on Monday, January 6th. Mizuho reaffirmed a buy rating and set a $28.00 target price on shares of NortonLifeLock in a research note on Tuesday, December 10th. Finally, UBS Group lifted their target price on NortonLifeLock from $27.00 to $29.00 and gave the company a buy rating in a research note on Tuesday, December 17th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. NortonLifeLock presently has an average rating of Hold and a consensus target price of $28.20.

NLOK stock opened at $26.60 on Monday. NortonLifeLock has a twelve month low of $17.50 and a twelve month high of $27.46. 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 firm has a market capitalization of $16.50 billion, a P/E ratio of 22.74, a P/E/G ratio of 13.05 and a beta of 1.28. The stock’s 50 day moving average is $25.73.

NortonLifeLock (NASDAQ:NLOK) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.46 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.05. NortonLifeLock had a return on equity of 12.82% and a net margin of 21.39%. The firm had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.18 billion. During the same period last year, the business posted $0.42 earnings per share. The firm’s revenue for the quarter was up .3% on a year-over-year basis. On average, research analysts forecast that NortonLifeLock will post 0.44 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Monday, November 25th were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date of this dividend was Friday, November 22nd. NortonLifeLock’s dividend payout ratio is currently 42.74%.

Several institutional investors and hedge funds have recently modified their holdings of NLOK. IBM Retirement Fund acquired a new stake in NortonLifeLock during the 4th quarter worth approximately $215,000. Sanders Morris Harris LLC purchased a new stake in shares of NortonLifeLock during the fourth quarter worth $234,000. FTB Advisors Inc. purchased a new stake in shares of NortonLifeLock during the fourth quarter worth $370,000. New Mexico Educational Retirement Board purchased a new stake in shares of NortonLifeLock during the third quarter worth $1,127,000. Finally, Bonness Enterprises Inc. purchased a new stake in shares of NortonLifeLock in the fourth quarter worth $1,314,000. 85.32% of the stock is currently owned by institutional investors and hedge funds.

About NortonLifeLock

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.

Further Reading: Neutral Rating

Analyst Recommendations for NortonLifeLock (NASDAQ:NLOK)

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Source: on 2020-01-14 09:15:00

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