STMicroelectronics NV (0INB) Receives a Buy from Kepler Capital
In a report released on April 23, Sebastien Sztabowicz from Kepler Capital maintained a Buy rating on STMicroelectronics NV, with a price target of €38.00. The company’s shares closed last Thursday at €42.82.
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According to TipRanks, Sztabowicz is a 4-star analyst with an average return of 3.0% and a 47.24% success rate.
In addition to Kepler Capital , STMicroelectronics NV also received a Buy from Deutsche Bank ‘s Johannes Schaller CFA in a report issued yesterday. However, on April 23, Barclays maintained a Sell rating on STMicroelectronics NV (LSE: 0INB).
Based on STMicroelectronics NV’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of €3.1 billion and a net profit of €37 million. In comparison, last year the company earned a revenue of €2.52 billion and had a net profit of €56 million
Based on the recent corporate insider activity of 67 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of 0INB in relation to earlier this year.
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