International Rectifier Corp. Receives Average Recommendation of “Buy” from Brokerages (NYSE:IRF)
Shares of International Rectifier Corp. (NYSE:IRF) have received a consensus rating of “Buy” from the nine brokerages that are currently covering the company, AnalystRatings.NET reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $30.03.
A number of analysts have recently weighed in on IRF shares. Analysts at Zacks downgraded shares of International Rectifier Corp. from an “outperform” rating to a “neutral” rating in a research note on Wednesday. They now have a $30.20 price target on the stock. Separately, analysts at TheStreet upgraded shares of International Rectifier Corp. from a “hold” rating to a “buy” rating in a research note on Monday, May 5th. Finally, analysts at FBR Capital Markets reiterated a “market perform” rating on shares of International Rectifier Corp. in a research note on Thursday, May 1st. They now have a $28.00 price target on the stock.
Shares of International Rectifier Corp. (NYSE:IRF) traded up 1.06% on Thursday, hitting $28.69. 79,044 shares of the company’s stock traded hands. International Rectifier Corp. has a one year low of $21.05 and a one year high of $28.99. The stock has a 50-day moving average of $27.33 and a 200-day moving average of $26.60. The company has a market cap of $2.045 billion and a P/E ratio of 51.06.
International Rectifier Corp. (NYSE:IRF) last released its earnings data on Wednesday, April 30th. The company reported $0.27 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.20 by $0.07. The company had revenue of $269.10 million for the quarter, compared to the consensus estimate of $269.14 million. During the same quarter in the prior year, the company posted ($0.29) earnings per share. On average, analysts predict that International Rectifier Corp. will post $0.96 earnings per share for the current fiscal year.
International Rectifier Corporation (NYSE:IRF) designs, manufactures and markets power management semiconductors.