Citigroup Inc. Lowers Fairchild Semiconductor International Price Target to $16.00 (FCS)
Investment analysts at Citigroup Inc. dropped their target price on shares of Fairchild Semiconductor International (NYSE:FCS) from $17.00 to $16.00 in a note issued to investors on Friday, AnalystRatingsNetwork.com reports. Citigroup Inc.’s price target would indicate a potential upside of 25.39% from the company’s current price.
A number of other analysts have also recently weighed in on FCS. Analysts at Morgan Stanley reiterated an “overweight” rating on shares of Fairchild Semiconductor International in a research note to investors on Friday, January 24th. They now have a $16.00 price target on the stock. Separately, analysts at Merrill Lynch downgraded shares of Fairchild Semiconductor International from a “neutral” rating to an “underperform” rating in a research note to investors on Friday, January 24th. They now have a $12.00 price target on the stock, down previously from $13.15. Finally, analysts at Bank of America Corp. downgraded shares of Fairchild Semiconductor International from a “neutral” rating to an “underperform” rating in a research note to investors on Friday, January 24th. They now have a $12.00 price target on the stock, down previously from $13.00. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $13.88.
Shares of Fairchild Semiconductor International (NYSE:FCS) traded down 2.07% during mid-day trading on Friday, hitting $12.76. The stock had a trading volume of 967,104 shares. Fairchild Semiconductor International has a one year low of $11.48 and a one year high of $15.65. The stock’s 50-day moving average is $13.15 and its 200-day moving average is $12.91. The company has a market cap of $1.615 billion and a price-to-earnings ratio of 334.10.
Fairchild Semiconductor International (NYSE:FCS) last issued its quarterly earnings data on Wednesday, January 22nd. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.02. The company had revenue of $341.10 million for the quarter, compared to the consensus estimate of $342.58 million. During the same quarter in the previous year, the company posted $0.10 earnings per share. The company’s revenue for the quarter was up 2.3% on a year-over-year basis. Analysts expect that Fairchild Semiconductor International will post $0.58 EPS for the current fiscal year.
Fairchild Semiconductor International, Inc (NYSE:FCS) focuses on developing, manufacturing and selling power analog, power discrete and certain non-power semiconductor solutions to a range of end market customers.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.