Intel Corp. Receives “Buy” Rating from TheStreet (INTC)
Intel Corp. (NASDAQ:INTC)‘s stock had its “buy” rating restated by analysts at TheStreet in a research report issued to clients and investors on Tuesday, Analyst Ratings.Net reports.
The analysts wrote, “Intel (INTC) has been reiterated by TheStreet Ratings as a buy with a ratings score of B. The company’s strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, expanding profit margins, increase in stock price during the past year and notable return on equity. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share.”
Shares of Intel Corp. (NASDAQ:INTC) traded up 0.21% during mid-day trading on Tuesday, hitting $22.97. The stock had a trading volume of 6,146,881 shares. Intel Corp. has a 52 week low of $19.23 and a 52 week high of $25.98. The stock’s 50-day moving average is $22.79 and its 200-day moving average is $23.18. The company has a market cap of $114.4 billion and a P/E ratio of 12.38.
Intel Corp. (NASDAQ:INTC) last posted its quarterly earnings results on Wednesday, July 17th. The company reported $0.39 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.39. The company had revenue of $12.80 billion for the quarter, compared to the consensus estimate of $12.89 billion. During the same quarter in the prior year, the company posted $0.54 earnings per share. The company’s quarterly revenue was down 5.1% on a year-over-year basis. On average, analysts predict that Intel Corp. will post $1.87 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Sunday, December 1st. Stockholders of record on Thursday, November 7th will be paid a dividend of $0.23 per share. This represents a $0.90 annualized dividend and a dividend yield of 3.93%. The ex-dividend date is Tuesday, November 5th.
A number of other analysts have also recently weighed in on INTC. Analysts at Credit Suisse raised their price target on shares of Intel Corp. (NASDAQ:INTC) from $28.00 to $30.00 in a research note to investors on Tuesday, September 17th. They now have an “outperform” rating on the stock. Separately, analysts at Evercore Partners reiterated an “underweight” rating on shares of Intel Corp. (NASDAQ:INTC) in a research note to investors on Monday, September 16th. Finally, analysts at Jefferies Group upgraded shares of Intel Corp. (NASDAQ:INTC) from a “hold” rating to a “buy” rating in a research note to investors on Friday, September 13th. They now have a $30.00 price target on the stock, up previously from $27.00. Six research analysts have rated the stock with a sell rating, thirteen have given a hold rating and sixteen have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $24.60.
Intel Corporation designs and manufactures integrated digital technology platforms. A platform consists of a microprocessor and chipset.
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