Could STMicroelectronics NV (ADR) (STM) Go Down After Achieving 52-Week High?

September 17, 2017 - By Winifred Garcia

The stock of STMicroelectronics NV (ADR) (NYSE:STM) hit a new 52-week high and has $20.92 target or 9.00 % above today’s $19.19 share price. The 7 months bullish chart indicates low risk for the $17.44 billion company. The 1-year high was reported on Sep, 17 by Barchart.com. If the $20.92 price target is reached, the company will be worth $1.57B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 0.95% or $0.18 on September 15, reaching $19.19. About 2.95 million shares traded. STMicroelectronics NV (ADR) (NYSE:STM) has risen 191.28% since September 17, 2016 and is uptrending. It has outperformed by 174.58% the S&P500.

Analysts await STMicroelectronics NV (ADR) (NYSE:STM) to report earnings on October, 26. They expect $0.24 EPS, up 118.18 % or $0.13 from last year’s $0.11 per share. STM’s profit will be $218.11M for 19.99 P/E if the $0.24 EPS becomes a reality. After $0.17 actual EPS reported by STMicroelectronics NV (ADR) for the previous quarter, Wall Street now forecasts 41.18 % EPS growth.

STMicroelectronics NV (ADR) (NYSE:STM) Ratings Coverage

Among 11 analysts covering STMicroelectronics (NYSE:STM), 6 have Buy rating, 2 Sell and 3 Hold. Therefore 55% are positive. STMicroelectronics had 19 analyst reports since July 22, 2015 according to SRatingsIntel. The firm has “Hold” rating given on Wednesday, August 5 by Zacks. The firm earned “Underweight” rating on Wednesday, January 4 by Morgan Stanley. The stock has “Outperform” rating by Robert W. Baird on Monday, October 10. The stock has “Buy” rating by J.P. Morgan on Tuesday, July 11. Bank of America downgraded the stock to “Underperform” rating in Friday, September 2 report. The rating was upgraded by HSBC on Friday, July 24 to “Hold”. The company was maintained on Friday, October 14 by Craig Hallum. Kepler Cheuvreux upgraded STMicroelectronics NV (ADR) (NYSE:STM) on Wednesday, January 27 to “Hold” rating. The rating was maintained by Craig Hallum on Thursday, October 27 with “Buy”. The rating was downgraded by Craig Hallum on Friday, October 30 to “Hold”.

More notable recent STMicroelectronics NV (ADR) (NYSE:STM) news were published by: Nasdaq.com which released: “STMicroelectronics NV Common Stock Quote & Summary Data” on August 20, 2011, also Investorplace.com with their article: “STMicroelectronics NV (ADR) (STM) Stock Evolves to IoT Play As Sector Expands” published on July 21, 2017, Quotes.Wsj.com published: “STMicroelectronics NV” on February 11, 2011. More interesting news about STMicroelectronics NV (ADR) (NYSE:STM) were released by: Livetradingnews.com and their article: “STMicroelectronics NV (ADR)(NYSE:STM) Bullish Trend” published on September 07, 2016 as well as Investorplace.com‘s news article titled: “Make Way for STMicroelectronics NV (ADR) (STM) Stock” with publication date: June 02, 2017.

STMicroelectronics N.V. is a global semiconductor firm that designs, develops, makes and markets a range of products, including discrete and standard commodity components, and application-specific integrated circuits for analog, digital and mixed-signal applications. The company has market cap of $17.44 billion. The Company’s divisions include Automotive and Discrete Group (ADG), Analog and MEMS Group (AMG), Microcontrollers and Digital ICs Group (MDG), and Others. It has a 39.04 P/E ratio. ADG comprises all dedicated automotive Integrated Circuits (ICs), and discrete and power transistor products.

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