Zacks: Infineon Technologies AG (IFNNY) Given Average Rating of “” by Analysts
Infineon Technologies AG (NASDAQ:IFNNY) has been given an average broker rating score of 1.67 (Buy) from the three brokers that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a hold rating and two have given a strong buy rating to the company. Infineon Technologies AG’s rating score has declined by 11.3% in the last three months as a result of a number of analysts’ upgrades and downgrades.
Analysts have set a 1 year consensus price objective of $25.10 for the company and are predicting that the company will post $0.31 EPS for the current quarter, according to Zacks. Zacks has also assigned Infineon Technologies AG an industry rank of 102 out of 265 based on the ratings given to its competitors.
A number of brokerages have recently commented on IFNNY. Zacks Investment Research upgraded Infineon Technologies AG from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a research report on Wednesday, June 7th. Goldman Sachs Group, Inc. (The) upgraded Infineon Technologies AG from a “neutral” rating to a “buy” rating in a research report on Monday, May 15th.
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Infineon Technologies AG (NASDAQ:IFNNY) opened at 22.70 on Tuesday. The firm has a market capitalization of $25.63 billion and a PE ratio of 26.49. The stock has a 50 day moving average price of $21.80 and a 200-day moving average price of $20.22. Infineon Technologies AG has a 12-month low of $15.50 and a 12-month high of $23.01.
Infineon Technologies AG (NASDAQ:IFNNY) last announced its quarterly earnings data on Tuesday, August 1st. The company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by $0.02. The firm had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $2.08 billion. On average, equities research analysts forecast that Infineon Technologies AG will post $1.05 EPS for the current year.
About Infineon Technologies AG
Infineon Technologies AG is a Germany-based designer, developer and manufacturer of semiconductors and related 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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