Brokerages Expect Infineon Technologies AG (IFNNY) to Post $0.25 EPS

Shares of Infineon Technologies AG (NASDAQ:IFNNY) have been assigned a consensus broker rating score of 1.40 (Strong Buy) from the five brokers that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation and four have given a strong buy recommendation to the company. Infineon Technologies AG’s rating score has declined by 40% in the last 90 days as a result of a number of analysts’ upgrades and downgrades.

Brokers have set a 12-month consensus price objective of $18.15 for the company and are expecting that the company will post $0.25 EPS for the current quarter, according to Zacks. Zacks has also given Infineon Technologies AG an industry rank of 23 out of 265 based on the ratings given to its competitors.

A number of equities analysts have recently commented on IFNNY shares. Sanford C. Bernstein reaffirmed a “buy” rating on shares of Infineon Technologies AG in a report on Monday, September 12th. Zacks Investment Research raised shares of Infineon Technologies AG from a “sell” rating to a “hold” rating in a report on Friday, August 26th.

Shares of Infineon Technologies AG (NASDAQ:IFNNY) opened at 17.585 on Friday. The firm has a market capitalization of $19.80 billion and a price-to-earnings ratio of 20.860. Infineon Technologies AG has a 1-year low of $11.59 and a 1-year high of $18.10. The company’s 50-day moving average is $17.06 and its 200 day moving average is $15.50.

About Infineon Technologies AG

Infineon Technologies AG develops, manufactures and markets a range of semiconductors and system solutions. The Company operates through four segments: Automotive; Industrial Power Control; Power Management & Multimarket, and Chip Card & Security. The Automotive segment designs, develops, manufactures and markets semiconductors for use in automotive applications.

5 Day Chart for NASDAQ:IFNNY

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