Infineon Technologies (ETR:IFX) Receives a Downgrade
Infineon Technologies (ETR:IFX)’s rating has just been cut by analysts at Morgan Stanley to a “Underweight”. They now have a price target of EUR 9.00 on IFX. This price target indicates a possible downside of -33.53% from the last price of the stock.
From a total of 18 analysts covering Infineon Technologies (ETR:IFX) stock, 7 rate it a ”Buy”, 1 a “Sell”, and 10 a ”Hold”. This means that 39% of the ratings are positive. The highest target price is €16.50 while the lowest target price is €9.40. The mean of all analyst targets is €13.44 with a -0.67% below today’s (€13.53) stock price. Infineon Technologies was the topic of 49 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. BNP Paribas upgraded shares on December 16 to “Outperform” rating. Oddo & Cie maintained shares with “Neutral” rating and €13 target share price in a report from a November 30. Independent Research maintained IFX stock in a recent report from December 4 with “Hold” rating. UBS maintained the rating on November 28. UBS has a “Neutral” rating and a €13 price target on shares. Finally, DZ-Bank AG maintained the stock with “Hold” rating in a report issued on a December 2.
The stock increased 3.48% or EUR 0.45 on December 17, striking EUR 13.53. Approximately 8.18M shares of stock traded hands or 31.30% up from the average. Infineon Technologies AG (ETR:IFX) has declined 11.69% since May 21, 2015 and is downtrending. It has underperformed by 9.42% the S&P500.
Infineon Technologies AG is a Germany firm developing semiconductors and system solutions for automotive and industrial electronics, and chip card, as well as security applications. The company has a market cap of 15.76 billion EUR. It diversifies its activities into four main divisions: Automotive; Industrial Power Control; Chip card & Security, and Power Management and Multimarket. It has 24.59 P/E ratio. The Automotive division designs, develops, makes and markets semiconductors for use in automotive applications.