STMicroelectronics NV (STM) Receives Average Rating of “Hold” from Analysts
Shares of STMicroelectronics NV (EPA:STM) have earned an average rating of “Hold” from the fifteen brokerages that are currently covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating on the company. The average 1-year price target among brokers that have covered the stock in the last year is €13.28 ($15.63).
Several brokerages recently weighed in on STM. UBS AG set a €14.80 ($17.41) price objective on STMicroelectronics NV and gave the stock a “neutral” rating in a research report on Friday, May 12th. Deutsche Bank AG set a €12.00 ($14.12) price objective on STMicroelectronics NV and gave the stock a “sell” rating in a research report on Saturday, May 20th. Goldman Sachs Group, Inc. (The) set a €14.10 ($16.59) price objective on STMicroelectronics NV and gave the stock a “neutral” rating in a research report on Thursday, July 27th. Credit Suisse Group set a €16.50 ($19.41) price objective on STMicroelectronics NV and gave the stock a “neutral” rating in a research report on Thursday, July 27th. Finally, J P Morgan Chase & Co restated a “neutral” rating and set a price objective on shares of STMicroelectronics NV in a research report on Saturday, May 20th.
Shares of STMicroelectronics NV (EPA:STM) traded up 0.70% during mid-day trading on Tuesday, hitting €14.39. The stock had a trading volume of 576,264 shares. The stock’s 50-day moving average price is €13.81 and its 200 day moving average price is €14.08. The company has a market capitalization of €12.78 billion and a P/E ratio of 29.43. STMicroelectronics NV has a 1-year low of €6.40 and a 1-year high of €15.59.
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STMicroelectronics NV Company Profile
STMicroelectronics N.V. is a global semiconductor company that designs, develops, manufactures and markets a range of products, including discrete and standard commodity components, and application-specific integrated circuits (ASICs) for analog, digital and mixed-signal 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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