Morgan Stanley Reiterates Neutral Rating for STMicroelectronics NV (STM)
STMicroelectronics NV (EPA:STM)‘s stock had its “neutral” rating reissued by research analysts at Morgan Stanley in a research report issued to clients and investors on Monday.
Several other analysts have also recently issued reports on the stock. Barclays PLC set a €5.50 ($6.11) target price on shares of STMicroelectronics NV and gave the stock a “neutral” rating in a research note on Wednesday, July 6th. BNP Paribas set a €9.30 ($10.33) price objective on shares of STMicroelectronics NV and gave the company a “buy” rating in a research report on Tuesday, September 6th. JPMorgan Chase & Co. restated a “sell” rating on shares of STMicroelectronics NV in a research report on Tuesday, June 21st. Baader Bank set a €8.40 ($9.33) price objective on shares of STMicroelectronics NV and gave the company a “buy” rating in a research report on Tuesday, September 27th. Finally, Deutsche Bank AG set a €5.00 ($5.56) price objective on shares of STMicroelectronics NV and gave the company a “sell” rating in a research report on Wednesday, July 13th. Five analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of €6.16 ($6.85).
Shares of STMicroelectronics NV (EPA:STM) traded up 1.14% during mid-day trading on Monday, hitting €7.51. 1,712,882 shares of the company traded hands. The firm’s 50 day moving average price is €6.93 and its 200-day moving average price is €5.75. STMicroelectronics NV has a 1-year low of €4.49 and a 1-year high of €7.53. The stock has a market capitalization of €6.63 billion and a PE ratio of 89.40.
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STMicroelectronics NV Company Profile
STMicroelectronics N.V. is a global semiconductor company. The Company is focused on Smart Driving, enabled by digitalization and electrification of the car, and the Internet of Things, including portable and wearable systems, as well as smart home, city and industry applications. The Company’s segments include Automotive and Discrete Group (ADG), Analog and MEMS Group (AMG), Microcontrollers and Digital ICs Group (MDG) and Others.
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