Nomura Reaffirms Reduce Rating on Intel (INTC)

By admin | 6 years ago

Intel (NASDAQ: INTC)‘s stock had its “reduce” rating reiterated by investment analysts at Nomura (NYSE: NMR) in a note issued to investors on Thursday.

Shares of Intel traded up 2.31% during mid-day trading on Thursday, hitting $27.87. Intel has a one year low of $19.16 and a one year high of $29.27. The company has a market cap of $140.2 billion and a P/E ratio of 11.52.

Intel last issued its quarterly earnings data on Tuesday, April 17th. The company reported $0.56 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.53 by $0.03. Intel’s revenue was up .5% compared to the same quarter last year. On average, analysts predict that Intel will post $0.67 earnings per share next quarter.

Other equities research analysts have also recently issued reports about the stock. 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. Separately, analysts at Stifel Nicolaus raised their price target on shares of Intel from $34.00 to $35.00 in a research note to investors on Wednesday, April 18th. Finally, analysts at BMO Capital Markets raised their EPS on shares of Intel in a research note to investors on Wednesday, April 18th. They now have a “market perform” rating and a $24.00 price target on the stock.

Intel Corporation designs and manufactures integrated digital technology platforms. A platform consists of a microprocessor and chipset.

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