Intel’s “Buy” Rating Reaffirmed at Topeka Capital Markets (INTC)
Intel (NASDAQ:INTC)‘s stock had its “buy” rating restated by analysts at Topeka Capital Markets in a research report issued to clients and investors on Thursday. They currently have a $30.00 price objective on the stock. Topeka Capital Markets’ price target would suggest a potential upside of 8.46% from the company’s current price.
Shares of Intel (NASDAQ:INTC) traded up 0.22% on Thursday, hitting $27.66. The stock had a trading volume of 26,545,750 shares. Intel has a one year low of $21.89 and a one year high of $27.76. The stock’s 50-day moving average is $26.56 and its 200-day moving average is $25.41. The company has a market cap of $137.7 billion and a price-to-earnings ratio of 14.77.
Intel (NASDAQ:INTC) last posted its quarterly earnings results on Tuesday, April 15th. The company reported $0.38 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.37 by $0.01. The company had revenue of $12.80 billion for the quarter, compared to the consensus estimate of $12.81 billion. During the same quarter last year, the company posted $0.40 earnings per share. Intel’s revenue was up 1.5% compared to the same quarter last year. Analysts expect that Intel will post $1.89 EPS for the current fiscal year.
A number of other firms have also recently commented on INTC. Analysts at Zacks reiterated a “neutral” rating on shares of Intel in a research note on Friday, May 23rd. They now have a $27.00 price target on the stock. Separately, analysts at Morgan Stanley reiterated an “underweight” rating on shares of Intel in a research note on Monday, May 19th. They now have a $24.00 price target on the stock. Five equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $26.44.
Intel Corporation, incorporated in 1968, designs and manufactures integrated digital technology platforms.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.