Rating On Watch: Is Oddo Seydler Bank AG Very Positive For STMicroelectronics (EPA:STM) After Its Upgrade? The TP is EUR 10.00

November 23, 2016 - By Louis Casey

Rating On Watch:  Is Oddo Seydler Bank AG Very Positive For STMicroelectronics (EPA:STM) After Its Upgrade? The TP is EUR 10.00

STMicroelectronics (EPA:STM) Upgrade

In a an analyst report revealed to investors today, Oddo Seydler Bank AG increased shares of STMicroelectronics (EPA:STM) to a “Buy” rating. The firm currently has a EUR 10.00 target price on the stock. Oddo Seydler Bank AG’s target price suggests a potential upside of 8.11% from the stock’s last stock price.

STMicroelectronics NV (EPA:STM) Ratings Coverage

Out of 10 analysts covering STMicroelectronics (EPA:STM), 3 rate it a “Buy”, 4 “Sell”, while 3 “Hold”. This means 30% are positive. €10 is the highest target while €4.50 is the lowest. The €6.97 average target is -24.81% below today’s (€9.27) stock price. STMicroelectronics has been the topic of 27 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The rating was maintained by Goldman Sachs with “Neutral” on Thursday, March 10. JP Morgan downgraded it to “Underweight” rating and €6.50 target price in Tuesday, January 26 report. The firm earned “Neutral” rating on Saturday, September 5 by Citigroup. The firm earned “Sell” rating on Friday, June 24 by Deutsche Bank. JP Morgan downgraded STMicroelectronics NV (EPA:STM) rating on Tuesday, October 13. JP Morgan has “Underweight” rating and €6.50 price target. Citigroup maintained the stock with “Neutral” rating in Friday, September 9 report. BNP Paribas upgraded STMicroelectronics NV (EPA:STM) on Tuesday, September 20 to “Outperform” rating. The firm earned “Underweight” rating on Wednesday, June 22 by JP Morgan. JP Morgan downgraded the shares of STM in a report on Tuesday, October 25 to “Underweight” rating. On Thursday, September 10 the stock rating was downgraded by Deutsche Bank to “Sell”.

About 857,478 shares traded hands. STMicroelectronics NV (EPA:STM) has risen 70.64% since April 21, 2016 and is uptrending. It has outperformed by 65.31% the S&P500.

STMicroelectronics N.V. is a global semiconductor company. The company has a market cap of 8.44 billion EUR. The Firm 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. It has a 58.08 P/E ratio. The Company’s divisions include Automotive and Discrete Group , Analog and MEMS Group (AMG), Microcontrollers and Digital ICs Group (MDG) and Others.

According to Zacks Investment Research, “STMicroelectronics is a global independent semiconductor company which designs, develops, manufactures and markets a broad range of semiconductor integrated circuits and discrete devices used in a wide variety of microelectronic applications, including telecommunications systems, computer systems, consumer products, automotive products and industrial automation and control systems.”

STM Company Profile

STMicroelectronics N.V., incorporated on May 21, 1987, is a global semiconductor company. The Firm 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 divisions include Automotive and Discrete Group (ADG), Analog and MEMS Group (AMG), Microcontrollers and Digital ICs Group (MDG), and Others. The Firm designs, develops, makes and markets a range of semiconductor products, including discrete and standard commodity components, application-specific integrated circuits (ASICs), custom devices and semi-custom devices and application-specific standard products (ASSPs) for analog, digital and mixed-signal applications. The Firm participates in the manufacturing value chain of smartcard products, which include the production and sale of both silicon chips and smartcards.

Another recent and important STMicroelectronics NV (EPA:STM) news was published by Streetinsider.com which published an article titled: “STMicroelectronics N.V. (STM) Misses Q3 EPS by 4c” on October 27, 2016.

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