STMicroelectronics Price Target Raised to $10.00 at Societe Generale (STM)
Societe Generale increased their price target on shares of STMicroelectronics (NYSE: STM) from $9.10 to $10.00 in a research note issued on Tuesday. The firm currently has a “buy” rating on the stock.
A number of other analysts have also recently weighed in on STM. Analysts at Natixis upgraded shares of STMicroelectronics from a “neutral” rating to a “buy” rating in a research note to investors on Friday, February 1st. Separately, analysts at upgraded shares of STMicroelectronics from a “neutral” rating to an “outperform” rating in a research note to investors on Friday, January 25th. Finally, analysts at Robert W. Baird reiterated an “outperform” rating on shares of STMicroelectronics in a research note to investors on Thursday, December 20th. They now have a $8.00 price target on the stock.
Eight analysts have rated the stock with a buy rating, three have given an overweight rating, twelve have issued a hold rating, two have assigned an underweight rating, and two have given a sell rating to the company’s stock. The company has an average rating of “hold” and a consensus price target of $8.62.
Shares of STMicroelectronics traded up 0.87% during mid-day trading on Tuesday, hitting $8.09. STMicroelectronics has a one year low of $4.51 and a one year high of $9.09. The stock’s 50-day moving average is currently $8.29. The company’s market cap is $7.184 billion.
STMicroelectronics last released its earnings data on Wednesday, January 30th. The company reported ($0.11) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.07) by $0.04. The company had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.23 billion. During the same quarter in the previous year, the company posted ($0.01) earnings per share. The company’s revenue for the quarter was down 1.3% on a year-over-year basis. On average, analysts predict that STMicroelectronics will post $0.06 earnings per share for the current fiscal year.
STMicroelectronics N.V. is a global independent semiconductor company that designs, develops, manufactures and markets a range of semiconductor products used in a variety of microelectronic applications, including automotive products, computer peripherals, telecommunications systems, consumer products, industrial automation and control systems.
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