Zacks: Infineon Technologies AG (NASDAQ:IFNNY) Given $18.15 Consensus Price Target by Analysts
Shares of Infineon Technologies AG (NASDAQ:IFNNY) have been given an average broker rating score of 1.00 (Strong Buy) from the five brokers that provide coverage for the company, Zacks Investment Research reports. Five equities research analysts have rated the stock with a strong buy rating.
Brokers have set a twelve-month consensus price target of $18.15 for the company and are anticipating that the company will post $0.25 EPS for the current quarter, according to Zacks. Zacks has also assigned Infineon Technologies AG an industry rank of 18 out of 265 based on the ratings given to its competitors.
A number of research analysts have issued reports on IFNNY shares. Zacks Investment Research upgraded Infineon Technologies AG from a “sell” rating to a “hold” rating in a research report on Friday, August 19th. Sanford C. Bernstein reiterated a “buy” rating on shares of Infineon Technologies AG in a research report on Monday, September 12th.
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Shares of Infineon Technologies AG (NASDAQ:IFNNY) traded up 0.24% on Tuesday, hitting $16.66. The stock had a trading volume of 59,851 shares. Infineon Technologies AG has a 12-month low of $10.23 and a 12-month high of $17.64. The company’s 50-day moving average price is $16.68 and its 200 day moving average price is $14.91. The firm has a market cap of $18.76 billion and a P/E ratio of 19.65.
About Infineon Technologies AG
Infineon Technologies AG develops, manufactures and markets a range of semiconductors and system solutions. The Company operates through four segments: Automotive; Industrial Power Control; Power Management & Multimarket, and Chip Card & Security. The Automotive segment designs, develops, manufactures and markets semiconductors for use in automotive applications.
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