Citigroup Initiates Coverage on Intel with Neutral Rating

Strategic Insights -

Intel Corporation, a leading technology company, has recently been a subject of interest for several investment analysts. Citigroup Inc. initiated coverage on the stock with a neutral rating, while other analysts have also shared their opinions on the company's shares. As of December 19th, Bank of America reiterated a "top pick" rating on Intel with a $43.00 price target. Morningstar also reiterated a "standard" rating on the stock in a research note on November 24th. Despite the mixed views, Intel has a consensus rating of "hold" with an average price target of $35.60.

Key Takeaways:

  • Citigroup Inc. initiated coverage on Intel with a neutral rating.
  • Analysts at Needham & Company LLC reiterated a "hold" rating on shares of Intel in a research note on Monday.
  • Analysts at Bank of America reiterated a "top pick" rating on shares of Intel in a research note on December 19th, with a price target of $43.00.
  • Morningstar reiterated a "standard" rating on shares of Intel in a research note on November 24th.
  • Five investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, eighteen have issued a buy rating, and two have issued a strong buy rating.
  • Intel has a consensus rating of "hold" and an average price target of $35.60.
  • Intel has a market cap of $177.7 billion and a price-to-earnings ratio of 17.70.
  • Intel's shares opened at 36.76 on Tuesday, with a one year high of $37.90 and a one year low of $23.50.
  • The company's 50-day moving average is $36.21, and its 200-day moving average is $33.99.
  • As of December 15th, Intel had 141,197,742 shares with a short interest, a decline of 14.3% from November 28th.
  • Based on an average trading volume of 27,517,117 shares, the days-to-cover ratio is 5.1 days, with 2.9% of the company's stock sold short.
  • Intel reported $0.66 earnings per share for the quarter, beating the analysts' consensus estimate of $0.64 by $0.02.
  • The company had revenue of $14.60 billion for the quarter, compared to the consensus estimate of $14.45 billion.

Statistics:

  • Market cap: $177.7 billion
  • Price-to-earnings ratio: 17.70
  • Average price target: $35.60
  • Short interest: 141,197,742 shares (as of December 15th)
  • Days-to-cover ratio: 5.1 days
  • Average trading volume: 27,517,117 shares
  • Share price: 36.76 (as of Tuesday)
  • Earnings per share: $0.66 (for the quarter)
  • Revenue: $14.60 billion (for the quarter)
  • Revenue growth: 7.9% (compared to the same quarter last year)

Sources:

  • Citigroup Inc.
  • Needham & Company LLC
  • Bank of America
  • Morningstar
  • Intel Corporation Annual Report 2014 (SyndiGate Media Inc. (Syndigate.info))