Wall Street analysts have prescribed the stocks of VRSN with a hold rating based on the six analysts that have been covering the firm. According to a report, one of the investment analysts has already given the stocks a recommendation of sell, while two of the other analysts prescribed the company with a rating of hold. Two of the other equity firms involved with the firm gave it a rating of buy. Currently, VRSN has a price target of about $229.60- which has been calculated over a period of a year.
The Quarterly Estimate of VRSN
There have been quite a few companies that have commented on the stocks of this firm. Zacks Investment Research has already reduced the rating of the company from hold to sell, with a price target of $213 set on the company. This was later published in a 15th February research note. JPMorgan Chase & Co has also increased the rating of the company from neutral to overweight, along with a price target of $246- which was fixed in a 9th December research note. In the end, TheStreet reduced the rating of the company from b- to c+ in a 26th January research report.
The stocks of VRSN traded on Monday at $197.95. The moving average price of the company over 50 days is $200.08, while the moving average price of the company over 200 days is $203.91. The market cap of the firm has been set at $22.59 billion, with a 29.37 PE ratio, along with a 0.87 beta. The year low of the company is $148., while the year high has been $221.30.
The quarterly results for VRSN were posted on the 11th of February. The provider of information services brought out an EPS of $1.38, which was more than the consensus estimate of around $1.29. The company also has a 54.86% negative return on its equity with a 63.32% net margin.