Infineon Technologies AG (IFNNY) Given Average Rating of “Strong Buy” by Brokerages
Shares of Infineon Technologies AG (OTCMKTS:IFNNY) have been assigned an average broker rating score of 1.00 (Strong Buy) from the two analysts that cover the stock, Zacks Investment Research reports. Two equities research analysts have rated the stock with a strong buy rating. Infineon Technologies AG’s rating score has improved by 40.1% in the last 90 days as a result of a number of analysts’ ratings changes.
Brokerages have set a one year consensus target price of $34.00 for the company and are anticipating that the company will post $0.31 EPS for the current quarter, according to Zacks. Zacks has also assigned Infineon Technologies AG an industry rank of 108 out of 265 based on the ratings given to its competitors.
Several equities research analysts have commented on the stock. Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating on shares of Infineon Technologies AG in a report on Thursday, September 14th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Infineon Technologies AG in a report on Tuesday, September 12th. Finally, Zacks Investment Research downgraded shares of Infineon Technologies AG from a “strong-buy” rating to a “hold” rating in a report on Monday, August 14th.
Infineon Technologies AG (IFNNY) traded up $0.83 on Friday, reaching $28.21. 46,295 shares of the company traded hands, compared to its average volume of 127,533. The company has a market capitalization of $31,177.33, a price-to-earnings ratio of 30.49, a P/E/G ratio of 1.74 and a beta of 0.94. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.10 and a current ratio of 2.87. Infineon Technologies AG has a one year low of $16.16 and a one year high of $28.76.
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About Infineon Technologies AG
Infineon Technologies AG is a Germany-based designer, developer and manufacturer of semiconductors and related system solutions. The Company operates through four segments: Automotive, Industrial Power Control, Power Management & Multimarket, and Chip Card & Security. The Automotive segment designs, develops, manufactures and markets semiconductors for use in automotive applications.
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