Infineon Technologies AG (NASDAQ:IFNNY) has earned a consensus broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. Two investment analysts have rated the stock with a strong buy recommendation. Infineon Technologies AG’s rating score has improved by 40.1% from three months ago as a result of various analysts’ ratings changes.

Analysts have set a 12 month consensus price target of $34.00 for the company and are expecting 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 111 out of 265 based on the ratings given to related companies.

A number of equities analysts recently issued reports on IFNNY shares. Zacks Investment Research cut Infineon Technologies AG from a “strong-buy” rating to a “hold” rating in a report on Monday, August 14th. Sanford C. Bernstein restated an “outperform” rating on shares of Infineon Technologies AG in a report on Tuesday, September 12th. Finally, Goldman Sachs Group, Inc. (The) restated a “neutral” rating on shares of Infineon Technologies AG in a report on Thursday, September 14th.

Infineon Technologies AG (NASDAQ:IFNNY) traded up 1.08% during mid-day trading on Thursday, hitting $27.14. The stock had a trading volume of 12,770 shares. Infineon Technologies AG has a 12 month low of $16.16 and a 12 month high of $27.25. The stock’s 50-day moving average price is $25.30 and its 200-day moving average price is $22.62. The stock has a market cap of $30.64 billion and a price-to-earnings ratio of 30.63.

Infineon Technologies AG (NASDAQ:IFNNY) last posted its quarterly earnings data on Tuesday, August 1st. The company reported $0.26 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.28 by ($0.02). Infineon Technologies AG had a net margin of 13.65% and a return on equity of 18.51%. The business had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $2.08 billion. On average, analysts predict that Infineon Technologies AG will post $1.05 earnings per share for the current year.

TRADEMARK VIOLATION WARNING: “Infineon Technologies AG (IFNNY) Given Average Recommendation of “Strong Buy” by Brokerages” was first reported by American Banking News and is the sole property of of American Banking News. If you are viewing this piece on another domain, it was copied illegally and reposted in violation of international copyright & trademark laws. The legal version of this piece can be accessed at https://www.americanbankingnews.com/2017/10/26/infineon-technologies-ag-ifnny-given-average-recommendation-of-strong-buy-by-brokerages.html.

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.

Get a free copy of the Zacks research report on Infineon Technologies AG (IFNNY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Infineon Technologies AG Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Infineon Technologies AG and related companies with MarketBeat.com's FREE daily email newsletter.