STMicroelectronics NV (STM) Receives “Neutral” Rating from Morgan Stanley
STMicroelectronics NV (EPA:STM)‘s stock had its “neutral” rating reaffirmed by stock analysts at Morgan Stanley in a research note issued to investors on Monday.
Several other research firms have also recently weighed in 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 report on Tuesday, June 28th. Deutsche Bank AG set a €5.00 ($5.56) target price on shares of STMicroelectronics NV and gave the stock 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 research 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 research 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 research report on Thursday, July 28th. Five research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. STMicroelectronics NV has an average rating of “Hold” and an average target price of €6.16 ($6.85).
STMicroelectronics NV (EPA:STM) traded up 1.158% during midday trading on Monday, reaching €7.511. The company had a trading volume of 1,200,858 shares. The stock’s 50 day moving average price is €6.93 and its 200-day moving average price is €5.75. The firm has a market capitalization of €6.63 billion and a P/E ratio of 89.417. STMicroelectronics NV has a one year low of €4.49 and a one year high of €7.54.
STMicroelectronics NV Company Profile
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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