GlobalFoundries Inc. (NASDAQ:GFS – Get Free Report) has been given an average rating of “Moderate Buy” by the fourteen brokerages that are currently covering the company, MarketBeat.com reports. Seven analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $56.38.
GFS has been the topic of several analyst reports. Cantor Fitzgerald cut their target price on GlobalFoundries from $55.00 to $40.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 8th. Needham & Company LLC reiterated a “hold” rating on shares of GlobalFoundries in a research note on Wednesday, August 7th. Wedbush reissued an “outperform” rating and set a $65.00 price target on shares of GlobalFoundries in a research report on Wednesday, August 7th. Evercore ISI reduced their price objective on shares of GlobalFoundries from $77.00 to $71.00 and set an “outperform” rating for the company in a research report on Wednesday, August 7th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on shares of GlobalFoundries from $60.00 to $55.00 and set a “buy” rating on the stock in a research report on Wednesday, August 7th.
Read Our Latest Analysis on GlobalFoundries
Institutional Investors Weigh In On GlobalFoundries
GlobalFoundries Stock Performance
Shares of GFS stock opened at $40.85 on Monday. GlobalFoundries has a 12 month low of $38.45 and a 12 month high of $62.61. The firm has a market capitalization of $22.54 billion, a PE ratio of 25.22, a price-to-earnings-growth ratio of 6.45 and a beta of 1.52. The firm has a fifty day simple moving average of $42.17 and a two-hundred day simple moving average of $47.81. The company has a current ratio of 2.22, a quick ratio of 1.59 and a debt-to-equity ratio of 0.19.
GlobalFoundries (NASDAQ:GFS – Get Free Report) last posted its earnings results on Tuesday, August 6th. The company reported $0.38 EPS for the quarter, topping the consensus estimate of $0.28 by $0.10. GlobalFoundries had a net margin of 11.82% and a return on equity of 7.75%. The company had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.61 billion. During the same period in the previous year, the firm posted $0.45 earnings per share. The firm’s revenue for the quarter was down 11.5% on a year-over-year basis. Analysts forecast that GlobalFoundries will post 1.09 EPS for the current fiscal year.
GlobalFoundries Company Profile
GlobalFoundries Inc, a semiconductor foundry, provides range of mainstream wafer fabrication services and technologies worldwide. It manufactures various semiconductor devices, including microprocessors, mobile application processors, baseband processors, network processors, radio frequency modems, microcontrollers, and power management units.
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