Deutsche Bank Sticks to Its Buy Rating for 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 $16.85.

Schaller has an average return of 2.1% when recommending Stmicroelectronics NV.

According to TipRanks.com, Schaller is ranked #4726 out of 5181 analysts.

Currently, the analyst consensus on Stmicroelectronics NV is a Moderate Buy with an average price target of $20.27, a 20.3% upside from current levels. In a report released today, Credit Suisse also maintained a Buy rating on the stock with a $19 price target.

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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.

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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.

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