Analyst Research and Ratings: Intel Corporation (INTC), Marathon Oil Corporation (MRO)
- Author: Zachary Reyes Mar 15, 2017,
Mar 15, 2017, 23:57
They presently have a $37.00 price objective on the chip maker's stock.
When it comes to the Analysis of a Stock, Price Target plays a vital role.
Other research analysts also recently issued research reports about the stock. Zacks Investment Research cut Intel from a "buy" rating to a "hold" rating in a research note on Wednesday, November 16th. Needham & Company LLC reaffirmed a "buy" rating on shares of Intel in a report on Friday, February 10th.
Shares of Intel (NASDAQ:INTC) opened at 35.18 on Wednesday. The company's 50-day moving average price is $36.29 and its 200 day moving average price is $36.16. The stock has a market cap of $166.33 billion, a price-to-earnings ratio of 16.59 and a beta of 1.03.
Intel Co. has a 12 month low of $29.50 and a 12 month high of $38.45.
Intel (NASDAQ:INTC) last posted its earnings results on Thursday, January 26th. The company reported the earnings of $0.79/Share in the last quarter where the estimated EPS by analysts was $0.75/share.
Betsy Van Hees, analyst at Loop Capital Markets, said Intel had very little presence in the automotive market, "so this is a tremendous opportunity for them to get into a market that has significant growth opportunities". Canaccord concedes Intel shares generate a strong yield and remain affordable, but it believes shares could remain range bound as margins stagnate and until investors see proof that new investments in 10/7nm, IoT, memory and now automotive are capable of generating strong returns within a reasonable time horizon.
"Tech firms are hunting for ever more data". For the past 5 years, the company's revenue has grown -22.4%, while the company's earnings per share has grown -25.3%.
Intel Corporation (NASDAQ:INTC) kept active in technical ratio analysis, on current situation shares price inched up 0.06% to $35.18. Investors of record on Tuesday, February 7th were issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.96%.
This story was originally posted by Chaffey Breeze and is the property of of Chaffey Breeze. If you are reading this article on another domain, it was stolen and reposted in violation of USA & worldwide trademark & copyright legislation. The legal version of this report can be viewed at https://www.com-unik.info/2017/03/15/intels-intc-outperform-rating-reaffirmed-at-wells-fargo-co.html. Also, CEO Brian M. Krzanich sold 79,051 shares of the company's stock in a transaction that occurred on Tuesday, January 3rd. Year to Date performance value (YTD perf) value is -2.31%. This is a rough guess, but if Enterprise sold half its shares at around $40 and half near Monday's closing price, it would have received around $500 million, in addition to approximately $292 million from the 2015 sales. Stock exchanged hands with the total volume of 2.70 Million shares, as contrast to its average volume of 2.17 Million shares. The disclosure for this sale can be found here.
A total of 34 brokerages have issued a ratings update on the stock.
A number of institutional investors have recently modified their holdings of the stock. Edmond DE Rothschild Monaco purchased a new position in shares of Intel during the third quarter valued at $113,000. For trailing twelve months, EPS value for the stock is $-1.57. Schwab Charles Investment Management Inc. raised its position in shares of Intel by 5.7% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 14,453,797 shares of the chip maker's stock worth $545,631,000 after buying an additional 81,682 shares during the last quarter. Day & Ennis LLC increased its stake in Intel by 0.4% in the second quarter.