Intel Coverage Initiated at Canaccord Genuity (INTC)
Canaccord Genuity started coverage on shares of Intel (NASDAQ:INTC) in a research note issued on Tuesday. The firm set a “hold” rating and a $29.00 price target on the stock. Canaccord Genuity’s price objective would indicate a potential upside of 3.91% from the company’s current price.
A number of other analysts have also recently weighed in on INTC. Analysts at Topeka Capital Markets reiterated a “buy” rating on shares of Intel in a research note on Thursday, June 5th. They now have a $30.00 price target on the stock. Separately, 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. Finally, 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 assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $26.59.
Intel (NASDAQ:INTC) traded up 1.22% during mid-day trading on Tuesday, hitting $28.25. 30,343,976 shares of the company’s stock traded hands. Intel has a one year low of $21.89 and a one year high of $28.42. The stock has a 50-day moving average of $26.66 and a 200-day moving average of $25.48. The company has a market cap of $140.6 billion and a price-to-earnings ratio of 14.93.
Intel (NASDAQ:INTC) last released its earnings data 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.
In other Intel news, President Renee Jo James sold 79,190 shares of the stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $27.50, for a total transaction of $2,177,725.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Intel Corporation, incorporated in 1968, designs and manufactures integrated digital technology platforms.
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