Intel Corp. Stock Rating Reaffirmed by TheStreet (INTC)
Intel Corp. (NASDAQ:INTC)‘s stock had its “buy” rating reiterated by equities researchers at TheStreet in a research report issued on Sunday, AnalystRatings.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, increase in stock price during the past year, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share.”
Intel Corp. (NASDAQ:INTC) opened at 24.235 on Friday. Intel Corp. has a 52-week low of $19.23 and a 52-week high of $25.98. The stock has a 50-day moving average of $22.62 and a 200-day moving average of $22.99. The company has a market cap of $120.7 billion and a price-to-earnings ratio of 12.86.
Intel Corp. (NASDAQ:INTC) last posted its quarterly earnings results on Tuesday, October 15th. The company reported $0.58 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.54 by $0.04. The company had revenue of $13.48 billion for the quarter, compared to the consensus estimate of $13.47 billion. During the same quarter last year, the company posted $0.58 earnings per share. Intel Corp.’s revenue was up .2% compared to the same quarter last year. On average, analysts predict that Intel Corp. will post $1.89 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Sunday, December 1st. Shareholders 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 3.71%. The ex-dividend date is Tuesday, November 5th.
Other equities research analysts have also recently issued reports about the stock. Analysts at Drexel Hamilton initiated coverage on shares of Intel Corp. in a research note to investors on Monday, October 21st. They set a “hold” rating and a $26.00 price target on the stock. Separately, analysts at UBS AG reiterated a “hold” rating on shares of Intel Corp. in a research note to investors on Thursday, October 17th. They now have a $25.00 price target on the stock. Finally, analysts at UBS AG raised their price target on shares of Intel Corp. from $22.50 to $24.00 in a research note to investors on Wednesday, October 16th. They now have a “neutral” rating on the stock. Six research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and sixteen have issued a buy rating to the company’s stock. Intel Corp. presently has a consensus rating of “Hold” and a consensus price target of $23.40.
Intel Corporation designs and manufactures integrated digital technology platforms. A platform consists of a microprocessor and chipset.
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