Bahl & Gaynor Increased Ritchie Bros. Auctioneers (RBA) Position; STMicroelectronics N.V. (STM) Had 7 Bullish Analysts

February 22, 2018 - By Louis Casey

Among 12 analysts covering STMicroelectronics (NYSE:STM), 7 have Buy rating, 2 Sell and 3 Hold. Therefore 58% are positive. STMicroelectronics had 24 analyst reports since July 22, 2015 according to SRatingsIntel. As per Wednesday, July 22, the company rating was downgraded by Citigroup. The rating was maintained by Craig Hallum with “Buy” on Friday, October 14. Stifel Nicolaus downgraded the shares of STM in report on Monday, May 15 to “Hold” rating. The stock of STMicroelectronics N.V. (NYSE:STM) earned “Hold” rating by Zacks on Wednesday, August 5. The firm earned “Hold” rating on Friday, July 24 by HSBC. The firm earned “Overweight” rating on Tuesday, July 11 by JP Morgan. The rating was upgraded by J.P. Morgan on Tuesday, July 11 to “Buy”. The company was maintained on Friday, April 28 by Craig Hallum. The rating was upgraded by Credit Suisse on Thursday, January 11 to “Buy”. As per Friday, September 2, the company rating was downgraded by Bank of America. See STMicroelectronics N.V. (NYSE:STM) latest ratings:

26/01/2018 Broker: Kepler Cheuvreux Old Rating: Reduce New Rating: Hold Upgrade
25/01/2018 Broker: Craig Hallum Rating: Buy New Target: $30.0 Maintain
11/01/2018 Broker: Credit Suisse Rating: Buy Upgrade
26/10/2017 Broker: Robert W. Baird Rating: Buy New Target: $28.0 Maintain
26/10/2017 Broker: Craig Hallum Rating: Buy New Target: $26.0 Maintain
13/09/2017 Broker: Craig Hallum Rating: Buy Maintain

Bahl & Gaynor Inc increased Ritchie Bros. Auctioneers (RBA) stake by 109.86% reported in 2017Q3 SEC filing. Bahl & Gaynor Inc acquired 62,764 shares as Ritchie Bros. Auctioneers (RBA)’s stock rose 0.87%. The Bahl & Gaynor Inc holds 119,893 shares with $3.79 million value, up from 57,129 last quarter. Ritchie Bros. Auctioneers now has $3.44 billion valuation. The stock increased 0.16% or $0.05 during the last trading session, reaching $32.05. About 214,377 shares traded. Ritchie Bros. Auctioneers Incorporated (NYSE:RBA) has declined 2.22% since February 22, 2017 and is downtrending. It has underperformed by 18.92% the S&P500.

STMicroelectronics N.V., together with its subsidiaries, designs, develops, makes, and markets semiconductor products, and subsystems and modules worldwide. The company has market cap of $18.88 billion. The firm offers a range of products, including discrete and standard commodity components, application-specific integrated circuits, full-custom devices and semi-custom devices, and application-specific standard products for analog, digital, and mixed-signal applications, as well as silicon chips and smartcards. It has a 25.63 P/E ratio. It also provides subsystems and modules, including mobile phone accessories, battery chargers, and ISDN power supplies for the telecommunications, automotive, and industrial markets; and in-vehicle equipment for electronic toll payment.

The stock decreased 0.44% or $0.1 during the last trading session, reaching $22.81. About 1.83M shares traded. STMicroelectronics N.V. (NYSE:STM) has risen 191.28% since February 22, 2017 and is uptrending. It has outperformed by 174.58% the S&P500.

Bahl & Gaynor Inc decreased Spdr S&P 500 Etf Trust (SPY) stake by 16,737 shares to 12,054 valued at $3.03 million in 2017Q3. It also reduced Coca (NYSE:KO) stake by 2.63 million shares and now owns 951,665 shares. Analog Devices Inc. (NASDAQ:ADI) was reduced too.

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