Freescale Semiconductor Receives Consensus Recommendation of “Buy” from Brokerages (NYSE:FSL)
Freescale Semiconductor (NYSE:FSL) has received a consensus rating of “Buy” from the seventeen brokerages that are covering the company, AmericanBankingNews.com reports. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $27.55.
FSL has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of Freescale Semiconductor from an “outperform” rating to a “neutral” rating in a research note on Thursday, May 15th. They now have a $28.30 price target on the stock. Separately, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Freescale Semiconductor in a research note on Monday, April 28th. They now have a $33.00 price target on the stock. Finally, 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, April 28th. They now have a “strong-buy” rating on the stock.
Freescale Semiconductor (NYSE:FSL) traded up 0.55% during mid-day trading on Friday, hitting $23.60. 188,204 shares of the company’s stock traded hands. 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 $22.39 and a 200-day moving average of $19.79. The company’s market cap is $7.139 billion.
Freescale Semiconductor (NYSE:FSL) last issued its quarterly earnings data on Thursday, April 24th. The company reported $0.27 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted ($0.03) earnings per share. Freescale Semiconductor’s revenue was up 14.9% compared to the same quarter last year. On average, analysts predict that Freescale Semiconductor will post $1.46 earnings per share 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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