Boston, MA, 11/14/2013 (wallstreetpr) – Recently, the analysts of Sterne Agee have reiterated the rating to the stock of shares of Micron Technology Inc (NASDAQ:MU). The analysts of the Sterne Agee have provided a buy rating to the stock of shares belonging to Micron Technology Inc in a research note issued recently. The company currently has a $21.00 price target on the entire stock of shares of the company. The target price as suggested by the analysts of Sterne Agee is a potential upside of 12.72% from the current price target of the company.
In the information made available related to Micron Technology Inc, the Director of the company, Robert L. Bailey unloaded around 4,000 shares of the stock in a recent trading session of the company. During the recent trading session of the company, the shares were sold at an average price of $17.59 and the total transaction was valued at $70,360. Moreover, the entire sale was disclosed in a filing which is available with the Securities & Exchange Commission.
Talking about the recent trading session of the company, the 52 week low of the company is $5.33 and the 52 week high of the company is $18.85. The overall market cap of the company is $19.596 billion and the P/E ratio of the company is 16.49.
Moreover, Micron Technology Inc has released their earnings report. In the report the company reported $1.51 EPS for the entire quarter beating the consensus estimates provided by Thomson Reuters of $0.24 by $1.27. The company has experienced revenue of $2.84 billion for the entire quarter which is high as compared to the consensus estimates of $2.70 billion. During the same quarter last year, the revenue of the company is up by 44.8%. The analysts predict that Micron technology Inc would post $2.04 earnings per share.
