Intel Corp. Stock Rating Reaffirmed by TheStreet (INTC)
Intel Corp. (NASDAQ:INTC)‘s stock had its “buy” rating restated by stock analysts at TheStreet in a report issued on Monday, Stock Ratings Network.com 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 increase in stock price during the past year, revenue growth, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and expanding profit margins. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.”
Several other analysts have also recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Intel Corp. in a research note on Thursday. They now have a $26.00 price target on the stock. Separately, analysts at Ned Davis Research upgraded shares of Intel Corp. from a “neutral” rating to a “buy” rating in a research note on Monday, January 27th. Finally, analysts at Drexel Hamilton downgraded shares of Intel Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, January 22nd. They now have a $26.00 price target on the stock, down previously from $30.00. Three analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $25.57.
Intel Corp. (NASDAQ:INTC) opened at 24.43 on Monday. Intel Corp. has a 52 week low of $20.23 and a 52 week high of $27.12. The stock’s 50-day moving average is $24.97 and its 200-day moving average is $23.99. The company has a market cap of $121.5 billion and a price-to-earnings ratio of 12.92.
Intel Corp. (NASDAQ:INTC) last announced its earnings results on Wednesday, January 15th. The company reported $0.51 earnings per share (EPS) for the quarter, missing the 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 in the previous year, the company posted $0.48 earnings per share. The company’s revenue for the quarter was up 2.6% on a year-over-year basis. On average, analysts predict that Intel Corp. will post $1.85 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Saturday, March 1st. Shareholders of record on Friday, February 7th will be paid a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 3.69%. The ex-dividend date is Wednesday, February 5th.
Intel Corporation designs and manufactures integrated digital technology platforms. A platform consists of a microprocessor and chipset.
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