Company Update (NASDAQ:INTC): Intel (INTC) Stock Falls on Ratings Downgrade as ‘Short Case Has Become More Attractive’

[at TheStreet] – Intel (INTC) stock is lower in late-morning trading on Monday after a ratings downgrade to ‘underperform’ from ‘market perform’ given a potential reset to full-year numbers in April. Read more on this. Intel Corporation (INTC) , valued at $152.73B, started trading this morning at $32.21. During the trading session, INTC traded between $31.95 to $32.42 and has traded between $24.87 and $35.59 over the past year. INTC shares are currently priced at 13.56x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 5.96x forward p/e ratio. And for passive income investors, the company pays shareholders $1.04 per share annually in dividends, yielding 3.25%. In a review of the consensus earnings estimate this quarter, 30 sell-side analysts are looking at $0.49 per share, which would be $0.08 better than the year-ago quarter and a $0.01 sequential decrease. Investors should also note that the full-year EPS estimate of $2.41 is a $0.08 improvement when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $13.99 Billion. If reported, that would be a 9.47% increase over the year-ago quarter. More recently, Robert W. Baird upgraded INTC from Neutral to Outperform (Mar 3, 2016). Previously, Goldman upgraded INTC from Sell to Neutral. When considering if the stock is under or overvalued, the average price target is $36.06, which is 11.95% above where the stock opened this morning. See more in (NASDAQ:INTC) Similar Articles: Company Update: Intel Corporation (NASDAQ:INTC) – Intel (INTC) Stock: Canaccord Lowers Price Target on PC Supply Chain Data Points Market Update: Intel Corporation (NASDAQ:INTC) – The 2016 Bullish and Bearish Case for Intel Company Update (NASDAQ:INTC): Intel (INTC) Stock is the ‘Chart of the Day’