Morgan Stanley set a €11.70 ($13.76) price objective on STMicroelectronics NV (EPA:STM) in a research note released on Friday, October 6th. The firm currently has a sell rating on the semiconductor producer’s stock.
Other equities analysts have also recently issued research reports about the company. BNP Paribas set a €19.00 ($22.35) target price on STMicroelectronics NV and gave the stock a buy rating in a report on Monday, September 4th. J P Morgan Chase & Co set a €16.30 ($19.18) price target on STMicroelectronics NV and gave the company a buy rating in a research report on Tuesday, July 11th. Citigroup Inc. set a €15.00 ($17.65) price target on STMicroelectronics NV and gave the company a neutral rating in a research report on Thursday, July 27th. Goldman Sachs Group, Inc. (The) set a €14.10 ($16.59) price target on STMicroelectronics NV and gave the company a neutral rating in a research report on Thursday, July 27th. Finally, Credit Suisse Group set a €16.50 ($19.41) price target on STMicroelectronics NV and gave the company a neutral rating in a research report on Thursday, July 27th. Four analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus target price of €14.67 ($17.26).
Shares of STMicroelectronics NV (STM) opened at 16.79 on Friday. STMicroelectronics NV has a 52 week low of €7.15 and a 52 week high of €17.26. The company has a 50 day moving average of €16.06 and a 200-day moving average of €14.68. The company has a market cap of €14.91 billion and a price-to-earnings ratio of 34.34.
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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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