Shares of GlobalFoundries Inc. (NASDAQ:GFS – Get Free Report) have been given a consensus rating of “Moderate Buy” by the eleven analysts that are covering the stock, Marketbeat.com reports. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $47.09.
A number of research firms have issued reports on GFS. Citigroup cut their price target on GlobalFoundries from $40.00 to $35.00 and set a “neutral” rating for the company in a research note on Friday, April 11th. Morgan Stanley cut their price target on GlobalFoundries from $42.00 to $38.00 and set an “equal weight” rating for the company in a research note on Wednesday, May 7th. UBS Group cut their price target on GlobalFoundries from $45.00 to $37.00 and set a “neutral” rating for the company in a research note on Tuesday, April 29th. Finally, Cantor Fitzgerald restated a “neutral” rating on shares of GlobalFoundries in a research note on Monday, May 5th.
View Our Latest Stock Report on GlobalFoundries
Institutional Investors Weigh In On GlobalFoundries
GlobalFoundries Trading Up 2.4%
Shares of NASDAQ:GFS opened at $37.60 on Friday. The stock’s 50-day simple moving average is $36.16 and its two-hundred day simple moving average is $39.18. The stock has a market capitalization of $20.79 billion, a price-to-earnings ratio of -78.33, a PEG ratio of 1.42 and a beta of 1.50. GlobalFoundries has a 52-week low of $29.77 and a 52-week high of $61.98. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.57 and a current ratio of 2.11.
GlobalFoundries (NASDAQ:GFS – Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.06. The business had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.58 billion. GlobalFoundries had a positive return on equity of 6.05% and a negative net margin of 3.93%. The business’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.31 EPS. Analysts expect that GlobalFoundries will post 1.31 EPS for the current year.
GlobalFoundries Company Profile
GlobalFoundries Inc, a semiconductor foundry, provides range of mainstream wafer fabrication services and technologies worldwide. It manufactures various semiconductor devices, including microprocessors, mobile application processors, baseband processors, network processors, radio frequency modems, microcontrollers, and power management units.
Read More
- Five stocks we like better than GlobalFoundries
- What is Put Option Volume?
- New Catalysts to Drive NVIDIA’s Stock Price Even Higher
- What Are Trending Stocks? Trending Stocks Explained
- China Market Movers: MCHI, PDD, BIDU Show Bullish Trends
- Investing in Travel Stocks Benefits
- Palantir Defies Bears, Leads S&P 500 in 2025
Receive News & Ratings for GlobalFoundries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GlobalFoundries and related companies with MarketBeat.com's FREE daily email newsletter.