STMicroelectronics NV (STM) Receives Consensus Recommendation of “Hold” from Analysts
Shares of STMicroelectronics NV (EPA:STM) have received a consensus recommendation of “Hold” from the fifteen ratings firms that are currently covering the company, MarketBeat reports. Four equities research analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is €14.56 ($17.13).
STM has been the subject of several recent analyst reports. Deutsche Bank AG set a €12.00 ($14.12) price target on STMicroelectronics NV and gave the stock a “sell” rating in a research note on Monday, June 12th. Goldman Sachs Group, Inc. (The) set a €13.70 ($16.12) price target on STMicroelectronics NV and gave the stock a “neutral” rating in a research note on Monday, June 19th. J P Morgan Chase & Co set a €16.30 ($19.18) price target on STMicroelectronics NV and gave the stock a “buy” rating in a research note on Tuesday, July 11th. UBS AG reiterated a “neutral” rating on shares of STMicroelectronics NV in a research note on Tuesday, July 11th. Finally, S&P Global set a €16.00 ($18.82) price target on STMicroelectronics NV and gave the stock a “neutral” rating in a research note on Thursday, July 27th.
STMicroelectronics NV (EPA STM) traded up 0.06% during trading on Wednesday, hitting €16.82. The stock had a trading volume of 1,669,694 shares. The company has a 50 day moving average of €15.60 and a 200-day moving average of €14.56. STMicroelectronics NV has a 12-month low of €7.06 and a 12-month high of €17.24. The company has a market cap of €14.93 billion and a P/E ratio of 34.40.
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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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