Intel Rating Reiterated by Sanford C. Bernstein (INTC)
March 14th, 2013 - 0 comments - Filed Under - by Patrick Bannon
Intel (NASDAQ: INTC)‘s stock had its “underperform” rating restated by equities researchers at Sanford C. Bernstein in a report issued on Thursday. They currently have a $18.00 target price on the stock.
Intel traded down 0.35% on Thursday, hitting $21.5799. Intel has a 52-week low of $19.23 and a 52-week high of $29.27. The stock’s 50-day moving average is currently $21.12. The company has a market cap of $106.7 billion and a price-to-earnings ratio of 10.17.
Intel last released its earnings data on Thursday, January 17th. The company reported $0.48 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.45 by $0.03. The company had revenue of $13.50 million for the quarter, compared to the consensus estimate of $13.76 billion. During the same quarter last year, the company posted $0.64 earnings per share. Intel’s revenue was down 3.0% compared to the same quarter last year. Analysts expect that Intel will post $1.94 EPS for the current fiscal year.
A number of other firms have also recently commented on INTC. Analysts at Goldman Sachs reiterated a “sell” rating on shares of Intel in a research note to investors on Friday, March 8th. They now have a $16.00 price target on the stock. Separately, analysts at TheStreet reiterated a “buy” rating on shares of Intel in a research note to investors on Thursday, March 7th. Finally, analysts at Robert W. Baird reiterated an “outperform” rating on shares of Intel in a research note to investors on Monday, March 4th. They now have a $26.00 price target on the stock.
Sixteen equities research analysts have rated the stock with a buy rating, two have assigned an overweight rating, twenty-seven have assigned a hold rating, two have issued an underweight rating, and four have given a sell rating to the stock. Intel currently has an average rating of “hold” and an average price target of $22.92.
Intel Corporation designs and manufactures integrated digital technology platforms. A platform consists of a microprocessor and chipset.