Freescale Semiconductor Ltd PT Raised to $21.00 at RBC Capital (FSL)
Equities research analysts at RBC Capital raised their price objective on shares of Freescale Semiconductor Ltd (NYSE:FSL) from $19.00 to $21.00 in a research note issued to investors on Wednesday, American Banking News reports. RBC Capital’s price objective would indicate a potential upside of 37.25% from the company’s current price.
Separately, 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 research analyst has rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $18.48.
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’s 50-day moving average is $15.4 and its 200-day moving average is $15.52. The company’s market cap is $3.945 billion.
Freescale Semiconductor Ltd (NYSE:FSL) last posted its quarterly earnings results 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. On average, analysts predict that Freescale Semiconductor Ltd will post $0.44 earnings per share for the current fiscal year.
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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