Barclays Capital Raises Price Target on Intel (INTC)
Equities researchers at Barclays Capital (NYSE: BCS) upped their target price on shares of Intel (NASDAQ: INTC) from $28.00 to $30.00 in a report issued on Friday. The firm currently has an “equal weight” rating on the stock.
Shares of Intel opened at 27.63 on Friday. Intel has a one year low of $19.16 and a one year high of $28.78. The company has a market cap of $139.0 billion and a P/E ratio of 11.69.
Intel last issued its quarterly earnings data on Tuesday, April 17th. The company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.03. The company’s revenue for the quarter was up .5% on a year-over-year basis. On average, analysts predict that Intel will post $0.67 earnings per share next quarter.
A number of other firms have also recently commented on INTC. Analysts at Nomura (NYSE: NMR) reiterated a “reduce” rating on shares of Intel in a research note to investors on Thursday. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Intel in a research note to investors on Monday, April 30th. They now have a $30.00 price target on the stock.
Intel Corporation designs and manufactures integrated digital technology platforms. A platform consists of a microprocessor and chipset.