Micron Technology (NYSE:MU)‘s stock had its “buy” rating restated by analysts at TheStreet in a research report issued to clients and investors on Monday, Stock Ratings Network.com reports.
The analysts wrote, “Micron Technology (MU) has been reiterated by TheStreet Ratings as a buy with a ratings score of B. The company’s strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and notable return on equity. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.”
Shares of Micron Technology (NYSE:MU) opened at 23.605 on Monday. Micron Technology has a 52-week low of $7.43 and a 52-week high of $24.50. The stock has a 50-day moving average of $21.89 and a 200-day moving average of $17.15. The company has a market cap of $25.042 billion and a price-to-earnings ratio of 14.31.
Micron Technology (NYSE:MU) last released its earnings data on Tuesday, January 7th. The company reported $0.30 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.44 by $0.14. The company had revenue of $4.04 billion for the quarter, compared to the consensus estimate of $3.72 billion. During the same quarter in the prior year, the company posted ($0.27) earnings per share. The company’s quarterly revenue was up 120.4% on a year-over-year basis. Analysts expect that Micron Technology will post $2.13 EPS for the current fiscal year.
MU has been the subject of a number of other recent research reports. Analysts at Sterne Agee initiated coverage on shares of Micron Technology in a research note to investors on Friday. They set a “buy” rating and a $23.24 price target on the stock. Separately, analysts at Argus initiated coverage on shares of Micron Technology in a research note to investors on Friday. They set a “buy” rating and a $31.00 price target on the stock. Finally, analysts at Jefferson Research upgraded shares of Micron Technology from a “sell” rating to a “hold” rating in a research note to investors on Friday. Five analysts have rated the stock with a sell rating, fifteen have issued a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $22.82.
Micron Technology, Inc, is a global manufacturer and marketer of semiconductor devices, principally NAND Flash, DRAM and NOR Flash memory, as well as other memory technologies, packaging solutions and semiconductor systems for use in computing, consumer, networking, automotive, industrial, embedded and mobile products.
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