Deutsche Bank Keeps a Buy Rating on Stmicroelectronics NV (STM)


Deutsche Bank analyst Johannes Schaller maintained a Buy rating on Stmicroelectronics NV (STM) today and set a price target of $20. The company’s shares opened today at $17.41.

Schaller has an average return of 4.8% when recommending Stmicroelectronics NV.

According to TipRanks.com, Schaller is ranked #4731 out of 5183 analysts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Stmicroelectronics NV with a $20.35 average price target, implying a 16.9% upside from current levels. In a report issued on May 10, Credit Suisse also maintained a Buy rating on the stock with a $19 price target.

See today’s analyst top recommended stocks >>

Based on Stmicroelectronics NV’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $178 million. In comparison, last year the company had a net profit of $240 million.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

STMicroelectronics NV designs, develops, manufactures and markets products, which offers discrete and standard commodity components, application-specific integrated circuits, full custom devices and semi-custom devices for analog, digital and mixed-signal applications.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts