Intel Corp.’s Buy Rating Reaffirmed at Deutsche Bank (INTC)
Intel Corp. (NASDAQ:INTC)‘s stock had its “buy” rating reaffirmed by stock analysts at Deutsche Bank in a report issued on Friday, Analyst Ratings News reports. They currently have a $28.00 target price on the stock. Deutsche Bank’s price objective points to a potential upside of 5.50% from the company’s current price.
In other Intel Corp. news, VP William Holt sold 26,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $26.50, for a total transaction of $689,000.00. Following the completion of the transaction, the vice president now directly owns 23,325 shares of the company’s stock, valued at approximately $618,113. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
A number of other firms have also recently commented on INTC. Analysts at Zacks reiterated a “neutral” rating on shares of Intel Corp. in a research note to investors on Friday. They now have a $28.00 price target on the stock. Separately, analysts at MKM Partners raised their price target on shares of Intel Corp. from $25.00 to $26.00 in a research note to investors on Friday. They now have a “neutral” rating on the stock. Finally, analysts at Evercore Partners reiterated an “underweight” rating on shares of Intel Corp. in a research note to investors on Friday. They now have a $20.00 price target on the stock. Four investment analysts have rated the stock with a sell rating, seventeen have given a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $25.59.
Intel Corp. (NASDAQ:INTC) traded down 3.50% during mid-day trading on Friday, hitting $25.61. 98,423,936 shares of the company’s stock traded hands. Intel Corp. has a 1-year low of $20.10 and a 1-year high of $27.12. The stock’s 50-day moving average is $25.12 and its 200-day moving average is $23.78. The company has a market cap of $127.3 billion and a price-to-earnings ratio of 14.35. Intel Corp. also was the recipient of unusually large options trading on Tuesday. Stock investors bought 162,866 put options on the company. This is an increase of 389% compared to the average volume of 33,316 put options.
Intel Corp. (NASDAQ:INTC) last released its earnings data on Wednesday, January 15th. The company reported $0.51 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.52 by $0.01. The company had revenue of $13.80 billion for the quarter, compared to the consensus estimate of $13.72 billion. During the same quarter last year, the company posted $0.48 earnings per share. Intel Corp.’s revenue was up 2.6% compared to the same quarter last year. On average, analysts predict that Intel Corp. will post $1.90 earnings per share for the current fiscal year.
Intel Corporation designs and manufactures integrated digital technology platforms. A platform consists of a microprocessor and chipset.
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