Citigroup Inc. Reiterates Buy Rating for Freescale Semiconductor (FSL)
Freescale Semiconductor (NYSE:FSL)‘s stock had its “buy” rating reaffirmed by analysts at Citigroup Inc. in a research report issued to clients and investors on Monday, Analyst Ratings Net reports. They currently have a $33.00 target price on the stock. Citigroup Inc.’s price target would suggest a potential upside of 49.46% from the company’s current price.
A number of other analysts have also recently weighed in on FSL. Analysts at Needham & Company LLC raised their price target on shares of Freescale Semiconductor from $30.00 to $35.00 in a research note on Monday. They now have a “strong-buy” rating on the stock. Separately, analysts at SunTrust reiterated a “buy” rating on shares of Freescale Semiconductor in a research note on Friday. They now have a $31.00 price target on the stock. Finally, analysts at Pacific Crest reiterated an “outperform” rating on shares of Freescale Semiconductor in a research note on Friday. They now have a $30.00 price target on the stock. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $27.39.
Freescale Semiconductor (NYSE:FSL) traded up 2.46% during mid-day trading on Monday, hitting $22.08. The stock had a trading volume of 4,040,987 shares. Freescale Semiconductor has a one year low of $13.13 and a one year high of $26.00. The stock has a 50-day moving average of $23.7 and a 200-day moving average of $18.64. The company’s market cap is $6.182 billion. Freescale Semiconductor also saw unusually large options trading activity on Monday. Stock investors acquired 19,057 put options on the company. This is an increase of 485% compared to the average daily volume of 3,260 put options.
Freescale Semiconductor (NYSE:FSL) last issued its quarterly earnings data on Thursday, April 24th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.03. The company had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the previous year, the company posted ($0.03) earnings per share. The company’s revenue for the quarter was up 14.9% on a year-over-year basis. Analysts expect that Freescale Semiconductor will post $1.46 EPS for the current fiscal year.
Freescale Semiconductor, Ltd., formerly Freescale Semiconductor Holdings I, Ltd., is a provider of embedded processing solutions.
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