STMicroelectronics NV (STM) Receives “Neutral” Rating from Morgan Stanley
STMicroelectronics NV (EPA:STM)‘s stock had its “neutral” rating restated by Morgan Stanley in a research report issued on Monday.
Several other research firms have also issued reports on STM. Goldman Sachs Group Inc. set a €5.20 ($5.78) price target on shares of STMicroelectronics NV and gave the company a “neutral” rating in a research report on Tuesday, June 28th. Deutsche Bank AG set a €5.00 ($5.56) price target on shares of STMicroelectronics NV and gave the company a “sell” rating in a research report on Thursday, June 23rd. JPMorgan Chase & Co. set a €5.60 ($6.22) target price on shares of STMicroelectronics NV and gave the stock a “sell” rating in a report on Friday, July 22nd. BNP Paribas set a €8.60 ($9.56) target price on shares of STMicroelectronics NV and gave the stock a “buy” rating in a report on Monday, August 22nd. Finally, S&P Global Inc. set a €6.50 ($7.22) target price on shares of STMicroelectronics NV and gave the stock a “neutral” rating in a report on Thursday, July 28th. Five analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. STMicroelectronics NV currently has an average rating of “Hold” and a consensus target price of €6.16 ($6.85).
Shares of STMicroelectronics NV (EPA:STM) traded up 1.158% during mid-day trading on Monday, reaching €7.511. 1,200,858 shares of the company’s stock were exchanged. The company has a 50 day moving average price of €6.93 and a 200 day moving average price of €5.75. STMicroelectronics NV has a 52-week low of €4.49 and a 52-week high of €7.54. The firm has a market cap of €6.63 billion and a P/E ratio of 89.417.
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About STMicroelectronics NV
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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