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STMicroelectronics NV (0INB) Receives a Buy from Citi

Tipranks - Mon Apr 27, 11:38AM CDT

Citi analyst Andrew Gardiner maintained a Buy rating on STMicroelectronics NV on April 24 and set a price target of €52.00. The company’s shares closed last Friday at €43.38.

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According to TipRanks, Gardiner is ranked #292 out of 12158 analysts.

Currently, the analyst consensus on STMicroelectronics NV is a Moderate Buy with an average price target of €39.32, a -9.36% downside from current levels. In a report released on April 24, Deutsche Bank also maintained a Buy rating on the stock with a €52.00 price target.

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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