NVIDIA Corp. PT Raised to $15.00 at Barclays (NVDA)
Equities research analysts at Barclays lifted their target price on shares of NVIDIA Corp. (NASDAQ:NVDA) from $13.00 to $15.00 in a research note issued to investors on Thursday, AnalystRatingsNetwork.com reports. The firm currently has an “equal weight” rating on the stock. Barclays’ price target would suggest a potential downside of 8.65% from the company’s current price.
A number of other firms have also recently commented on NVDA. Analysts at BMO Capital Markets raised their price target on shares of NVIDIA Corp. to $15.00 in a research note on Thursday. They now have a “market perform” rating on the stock. Separately, analysts at Jefferies Group raised their price target on shares of NVIDIA Corp. to $18.00 in a research note on Thursday. They now have a “hold” rating on the stock. Finally, analysts at UBS AG raised their price target on shares of NVIDIA Corp. from $17.00 to $20.00 in a research note on Thursday. They now have a “buy” rating on the stock. Two analysts have rated the stock with a sell rating, sixteen have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $16.90.
NVIDIA Corp. (NASDAQ:NVDA) traded up 2.26% during mid-day trading on Thursday, hitting $17.21. 16,836,012 shares of the company’s stock traded hands. NVIDIA Corp. has a one year low of $12.04 and a one year high of $16.95. The stock has a 50-day moving average of $15.83 and a 200-day moving average of $15.43. The company has a market cap of $9.784 billion and a P/E ratio of 21.74.
NVIDIA Corp. (NASDAQ:NVDA) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $0.32 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.18 by $0.14. The company had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter in the prior year, the company posted $0.26 earnings per share. The company’s quarterly revenue was up 3.3% on a year-over-year basis. On average, analysts predict that NVIDIA Corp. will post $0.73 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, March 20th. Investors of record on Thursday, February 27th will be paid a dividend of $0.085 per share. This represents a $0.34 annualized dividend and a dividend yield of 2.07%.
NVIDIA Corporation (NASDAQ:NVDA) is engaged in creating the graphics chips used in personal computers (PCs).
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