VMware Downgraded to Hold at Drexel Hamilton (VMW)

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Drexel Hamilton cut shares of VMware (NYSE: VMW) from a buy rating to a hold rating in a research note issued to investors on Friday, TheFlyOnTheWall.com reports.

VMware (NYSE: VMW) traded up 1.64% on Friday, hitting $71.44. VMware has a 1-year low of $66.46 and a 1-year high of $103.02. The stock’s 50-day moving average is currently $73.48. The company has a market cap of $30.589 billion and a price-to-earnings ratio of 41.84.

A number of other firms have also recently commented on VMW. Analysts at Berenberg Bank downgraded shares of VMware from a hold rating to a sell rating in a research note to investors on Thursday, June 6th. They now have a $57.00 price target on the stock, down previously from $79.00. Separately, analysts at Deutsche Bank downgraded shares of VMware from a buy rating to a hold rating in a research note to investors on Wednesday, June 5th. They now have a $80.00 price target on the stock. Finally, analysts at Credit Suisse downgraded shares of VMware from a focus list rating to an outperform rating in a research note to investors on Tuesday, June 4th.

Three equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of Hold and a consensus price target of $90.04.

VMware, Inc. is a provider of virtualization and virtualization-based cloud infrastructure solutions.

The Fly On The Wall

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