FBR Capital Markets Increases International Rectifier Corp. Price Target to $40.00 (IRF)
Analysts at FBR Capital Markets boosted their target price on shares of International Rectifier Corp. (NYSE:IRF) from $28.00 to $40.00 in a research report issued to clients and investors on Thursday. The firm currently has a “market perform” rating on the stock. FBR Capital Markets’ price target would indicate a potential upside of 2.30% from the stock’s previous close.
Shares of International Rectifier Corp. (NYSE:IRF) opened at 39.10 on Thursday. International Rectifier Corp. has a one year low of $22.78 and a one year high of $39.50. The stock’s 50-day moving average is $27.02 and its 200-day moving average is $26.75. The company has a market cap of $2.787 billion and a P/E ratio of 47.77.
International Rectifier Corp. (NYSE:IRF) last issued its quarterly earnings data on Wednesday, August 20th. The company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.01. The company had revenue of $297.60 million for the quarter. During the same quarter in the previous year, the company posted ($0.02) earnings per share. The company’s revenue for the quarter was up 7.7% on a year-over-year basis. Analysts expect that International Rectifier Corp. will post $0.96 EPS for the current fiscal year.
Separately, analysts at Raymond James downgraded shares of International Rectifier Corp. to a “market perform” rating in a research note on Thursday. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $33.25.
International Rectifier Corporation (NYSE:IRF) designs, manufactures and markets power management semiconductors.
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