Stock Update (NASDAQ:INTC): Can Intel and Mattel Shares Bounce Back After Recent Selloffs?

[at TheStreet] – Intel and Mattel seem to have much going for them as companies, yet their stocks prices are plunging. What gives? Read more on this. Intel Corporation (INTC) , valued at $141.48B, started the session at $29.64. A quick look at the market, the company’s stock traded between $29.24 and $30.01 with a trailing 52-week range being $24.87 to $37.03. Intel (INTC) shares are currently priced at 12.13x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 8.77x earnings multiple for the same period. And for income investors, the company pays shareholders $0.96 per share annually in dividends, yielding 3.22%. Consensus earnings for the current quarter by the 32 sell-side analysts covering the stock is an estimate of $0.50 per share, which would be $0.09 better than the year-ago quarter and a $0.01 sequential increase. Furthermore, our analysis shows the full-year EPS estimate to be $2.44, which would be a $0.11 better when compared to the last year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $14.09 Billion. If realized, that would be a 10.25% increase over the year-ago quarter. In terms of ratings, Sun Trust Rbsn Humphrey Initiated INTC at Neutral (Jan 14, 2016). Previously, Mizuho upgraded INTC from Neutral to Buy. The average price target for INTC shares by the analysts covering the stock is $36.44, which is 22.94% above where the stock opened this morning. See more in (NASDAQ:INTC) Similar Articles: Market Update (NASDAQ:INTC): Intel’s Data Center Group Could Help Push Shares to $40 By 2018 Market Update: Intel Corporation (NASDAQ:INTC) – Intel (INTC) Stock Up on Regulatory Approval of $16.7 Billion Altera Deal Stock Update: Intel Corporation (NASDAQ:INTC) – Intel (INTC) Stock Down as RBC Initiates Coverage
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