Canaccord Genuity Gives Hold Rating to NVIDIA (NVDA)
Shares of NVIDIA traded up 1.45% during mid-day trading on Monday, hitting $13.3201. NVIDIA has a one year low of $11.47 and a one year high of $20.52. The company has a market cap of $8.202 billion and a P/E ratio of 16.03.
NVIDIA last issued its quarterly earnings data on Wednesday, February 15th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.02. The company’s revenue for the quarter was up 7.5% on a year-over-year basis. On average, analysts predict that NVIDIA will post $0.22 earnings per share next quarter.
A number of other firms have also recently commented on NVDA. Analysts at Caris & Company upgraded shares of NVIDIA to an “average” rating in a research note to investors on Monday. Separately, analysts at RBC Capital (NYSE: RY) reiterated an “outperform” rating on shares of NVIDIA in a research note to investors on Monday. Finally, analysts at Jefferies Group (NYSE: JEF) cut their price target on shares of NVIDIA to $15.00 in a research note to investors on Monday. They now have a “hold” rating on the stock.
NVIDIA Corporation (NVIDIA) is a provider of visual computing technologies and the inventor of the graphics processing unit (GPU).