Intel Given Consensus Rating of “Hold” by Analysts (NASDAQ:INTC)
Shares of Intel (NASDAQ:INTC) have been given an average recommendation of “Hold” by the forty-three ratings firms that are presently covering the company, AmericanBankingNews.com reports. Three investment analysts have rated the stock with a sell recommendation, fourteen have issued a hold recommendation, sixteen have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $33.42.
Intel (NASDAQ:INTC) opened at 34.94 on Thursday. Intel has a 1-year low of $21.90 and a 1-year high of $35.20. The stock has a 50-day moving average of $33.4 and a 200-day moving average of $28.23. The company has a market cap of $173.0 billion and a price-to-earnings ratio of 17.41.
Intel (NASDAQ:INTC) last issued its quarterly earnings data on Tuesday, July 15th. The company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.03. The company had revenue of $13.83 billion for the quarter, compared to the consensus estimate of $13.68 million. During the same quarter in the previous year, the company posted $0.39 earnings per share. The company’s revenue for the quarter was up 8.0% on a year-over-year basis. Analysts expect that Intel will post $2.18 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, September 1st. Shareholders of record on Thursday, August 7th will be given a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 2.58%. The ex-dividend date is Tuesday, August 5th.
A number of research firms have recently commented on INTC. Analysts at JPMorgan Chase & Co. raised their price target on shares of Intel from $32.00 to $37.00 in a research note on Friday, August 8th. Separately, analysts at Zacks reiterated an “outperform” rating on shares of Intel in a research note on Tuesday, August 5th. They now have a $41.00 price target on the stock. Finally, analysts at Bernstein raised their price target on shares of Intel from $28.00 to $31.00 in a research note on Wednesday, July 16th.
Intel Corporation, incorporated in 1968, designs and manufactures integrated digital technology platforms.
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