TheStreet reaffirmed their buy rating on shares of Intel Corp. (NASDAQ:INTC) in a research note issued to investors on Tuesday, American Banking News reports.
“Intel (INTC) has been reiterated by TheStreet Ratings as a buy with a ratings score of B. The company’s strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share.,” TheStreet’s analyst wrote.
Shares of Intel Corp. (NASDAQ:INTC) opened at 24.82 on Tuesday. Intel Corp. has a 52 week low of $20.10 and a 52 week high of $25.98. The stock’s 50-day moving average is $24.24 and its 200-day moving average is $23.62. The company has a market cap of $123.4 billion and a price-to-earnings ratio of 13.48. Intel Corp. also saw unusually large options trading on Monday. Traders bought 61,996 put options on the company. This is an increase of approximately 143% compared to the typical daily volume of 25,509 put options.
Intel Corp. (NASDAQ:INTC) last released its earnings data on Tuesday, October 15th. The company reported $0.58 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.54 by $0.04. The company had revenue of $13.48 billion for the quarter, compared to the consensus estimate of $13.47 billion. During the same quarter in the prior year, the company posted $0.58 earnings per share. The company’s quarterly revenue was up .2% on a year-over-year basis. On average, analysts predict that Intel Corp. will post $1.89 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on INTC. Analysts at Drexel Hamilton upgraded shares of Intel Corp. from a hold rating to a buy rating in a research note to investors on Friday, December 6th. They now have a $30.00 price target on the stock, up previously from $26.00. Separately, analysts at Citigroup Inc. upgraded shares of Intel Corp. from a neutral rating to a buy rating in a research note to investors on Friday, December 6th. They now have a $28.00 price target on the stock, up previously from $24.26. Finally, analysts at RBC Capital downgraded shares of Intel Corp. from an outperform rating to a sector perform rating in a research note to investors on Wednesday, November 27th. They now have a $26.00 price target on the stock, down previously from $27.00. Five analysts have rated the stock with a sell rating, nineteen have given a hold rating and sixteen have issued a buy rating to the company. The company has an average rating of Hold and an average target price of $24.58.
Intel Corporation designs and manufactures integrated digital technology platforms. A platform consists of a microprocessor and chipset.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.