Goldman Sachs Sticks to Its Hold Rating for Stmicroelectronics NV (STM)


Goldman Sachs analyst Alexander Duval maintained a Hold rating on Stmicroelectronics NV (STM) today and set a price target of $14.50. The company’s shares opened today at $18.44.

According to TipRanks.com, Duval is a 4-star analyst with an average return of 7.7% and a 64.1% success rate. Duval covers the Consumer Goods sector, focusing on stocks such as Telefonaktiebolaget LM Ericsson Class B, Infineon Technologies AG, and Nokia Corp.

Stmicroelectronics NV has an analyst consensus of Moderate Buy, with a price target consensus of $18.40, implying a -0.2% downside from current levels. In a report issued on April 10, UBS also maintained a Hold rating on the stock with a $14 price target.

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Stmicroelectronics NV’s market cap is currently $16.72B and has a P/E ratio of 12.92. The company has a Price to Book ratio of 2.60.

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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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