STMicroelectronics N.V. (STM) : The consensus on STMicroelectronics N.V. (STM) based on 5 analyst recommendation on the company stock is 2.8, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 2 which endorses a Buy on the stock. However, 1 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 3 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst also believes that the downside risk to the stock is higher and suggests a Sell on STMicroelectronics N.V. (STM).
STMicroelectronics N.V. (STM) : The consensus price target for STMicroelectronics N.V. (STM) is $6.67 for the short term with a standard deviation of $1.53. The most optimist securities analyst among the 3 who monitor the stock believes that the stock can reach $8, however, the pessimist price target for the company is $5.
Also, Bank of America downgrades their rating on the shares of STMicroelectronics N.V. (NYSE:STM). The current rating of the shares is Underperform. Earlier, the shares were rated a Neutral by the brokerage firm. The rating by the firm was issued on September 2, 2016.
STMicroelectronics N.V. (NYSE:STM): After opening at $7.64, the stock dipped to an intraday low of $7.64 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $8.01 and the buying power remained strong till the end. The stock closed at $7.84 for the day, a gain of 2.75% for the day session. The total traded volume was 6,449,316. The stocks close on the previous trading day was $7.63.
STMicroelectronics N.V. is a semiconductor company. The Company designs, develops, manufactures and markets a range of semiconductor products used in applications, such as Internet of Things (IoT), and serving many different end markets. The Company operates through two business segments: Sense & Power and Automotive Products (SP&A) and Embedded Processing Solutions (EPS). The SP&A segment consists of product lines, such as Automotive (APG), Industrial and Power Discrete (IPD), Analog and MEMS (AMS), and other SP&A. The EPS segment consists of product lines, such as Digital Convergence Group (DCG), and Imaging, BI-CMOS ASIC and Silicon Photonics (IBP) (DCG and IBP are combined as DPG); Microcontrollers, Memory & Secure MCU (MMS), and Other EPS. The Company operates in Semiconductors and Subsystems business areas.