Equities research analysts at Sterne Agee lowered their price target on shares of Intel (NASDAQ: INTC) from $24.00 to $22.00 in a research note issued to investors on Thursday. The firm currently has a “neutral” rating on the stock.
Other equities research analysts have also recently issued reports about the stock. Analysts at Citigroup downgraded shares of Intel to a “neutral” rating in a research note to investors on Thursday. Separately, analysts at BMO Capital Markets reiterated a “market perform” rating on shares of Intel in a research note to investors on Wednesday. They now have a $24.00 price target on the stock. Finally, analysts at Oppenheimer reiterated a “market perform” rating on shares of Intel in a research note to investors on Wednesday.
Intel opened at 23.19 on Thursday. Intel has a one year low of $20.40 and a one year high of $29.27. The company has a market cap of $116.0 billion and a P/E ratio of 9.84.
Intel last issued its quarterly earnings data on Tuesday, July 17th. The company reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by $0.01. The company’s revenue for the quarter was up 3.6% on a year-over-year basis. On average, analysts predict that Intel will post $2.18 earnings per share for the current fiscal year.
Intel Corporation designs and manufactures integrated digital technology platforms. A platform consists of a microprocessor and chipset.
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