Freescale Semiconductor Ltd Price Target Increased to $22.00 by Analysts at Credit Suisse (FSL)
Equities researchers at Credit Suisse raised their price target on shares of Freescale Semiconductor Ltd (NYSE:FSL) from $20.00 to $22.00 in a research report issued on Wednesday, Analyst RN reports. Credit Suisse’s price target points to a potential upside of 43.79% from the company’s current price.
Shares of Freescale Semiconductor Ltd (NYSE:FSL) opened at 15.30 on Wednesday. Freescale Semiconductor Ltd has a 52 week low of $12.35 and a 52 week high of $17.82. The stock has a 50-day moving average of $15.4 and a 200-day moving average of $15.52. The company’s market cap is $3.945 billion.
Freescale Semiconductor Ltd (NYSE:FSL) last issued its quarterly earnings data on Tuesday, January 28th. The company reported $0.19 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.18 by $0.01. The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter last year, the company posted ($0.15) earnings per share. Freescale Semiconductor Ltd’s revenue was up 13.1% compared to the same quarter last year. Analysts expect that Freescale Semiconductor Ltd will post $0.44 EPS for the current fiscal year.
A number of other firms have also recently commented on FSL. Analysts at RBC Capital raised their price target on shares of Freescale Semiconductor Ltd from $19.00 to $21.00 in a research note to investors on Wednesday. Analysts at Zacks downgraded shares of Freescale Semiconductor Ltd from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday, November 5th. They now have a $19.20 price target on the stock. One investment analyst has rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $18.48.
Freescale Semiconductor, Inc manufactures microcontrollers, microprocessors and semiconductors. The Company offers microcontroller solutions, such as the components of embedded control systems, including embedded processors, microcontrollers, and embedded microprocessors that are used in automotive, consumer, industrial, and computer peripheral applications.
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