Altera Price Target Raised to $36.00 at RBC Capital (ALTR)
Equities research analysts at RBC Capital upped their price target on shares of Altera (NYSE:ALTR) from $34.00 to $36.00 in a research note issued to investors on Monday, American Banking and Market News reports. The firm currently has a “sector perform” rating on the stock. RBC Capital’s price objective would suggest a potential upside of 12.04% from the stock’s previous close.
Separately, analysts at FBR Capital Markets initiated coverage on shares of Altera in a research note on Thursday, April 3rd. They set an “outperform” rating and a $45.00 price target on the stock. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. Altera currently has a consensus rating of “Buy” and an average price target of $38.50.
Altera (NYSE:ALTR) traded up 0.16% on Monday, hitting $32.13. The stock had a trading volume of 6,441,401 shares. Altera has a 52 week low of $30.73 and a 52 week high of $39.18. The stock’s 50-day moving average is $34.81 and its 200-day moving average is $33.77. The company has a market cap of $10.065 billion and a price-to-earnings ratio of 23.59.
Altera Corporation (NYSE:ALTR) is a semiconductor company.
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