Goldman Sachs Reaffirms Their Buy Rating on Stmicroelectronics NV (STM)

Goldman Sachs analyst Alexander Duval maintained a Buy rating on Stmicroelectronics NV (STMResearch Report) today and set a price target of EUR20.00. The company’s shares closed last Monday at $19.64, close to its 52-week high of $20.25.

Duval has an average return of 10.5% when recommending Stmicroelectronics NV.

According to TipRanks.com, Duval is ranked #2012 out of 5539 analysts.

Currently, the analyst consensus on Stmicroelectronics NV is a Strong Buy with an average price target of $21.85, a 12.6% upside from current levels. In a report issued on September 25, Credit Suisse also maintained a Buy rating on the stock with a EUR19.00 price target.

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Stmicroelectronics NV’s market cap is currently $17.39B and has a P/E ratio of 15.68. The company has a Price to Book ratio of 2.73.

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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.