Infineon Technologies AG Receives Average Recommendation of “Hold” from Analysts (NASDAQ:IFNNY)
Infineon Technologies AG (NASDAQ:IFNNY) has earned a consensus recommendation of “Hold” from the seven ratings firms that are covering the stock, AR Network reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $12.00.
Shares of Infineon Technologies AG (NASDAQ:IFNNY) traded up 0.10% on Thursday, hitting $11.36. The stock had a trading volume of 6,728 shares. Infineon Technologies AG has a 52 week low of $8.82 and a 52 week high of $12.84. The stock’s 50-day moving average is $11.7 and its 200-day moving average is $11.64. The company has a market cap of $12.742 billion and a price-to-earnings ratio of 18.91.
Infineon Technologies AG (NASDAQ:IFNNY) last posted its quarterly earnings results on Friday, August 1st. The company reported $0.17 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.17. On average, analysts predict that Infineon Technologies AG will post $0.59 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Sanford C. Bernstein upgraded shares of Infineon Technologies AG from a “market perform” rating to an “outperform” rating in a research note on Thursday. Separately, analysts at Bernstein upgraded shares of Infineon Technologies AG to an “outperform” rating in a research note on Thursday. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Infineon Technologies AG in a research note on Friday, August 1st. They now have a $12.00 price target on the stock.
Infineon Technologies AG is a Germany-based company developing semiconductors and system solutions for automotive and industrial electronics, and chip card, as well as security applications.
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