International Rectifier Corp. Given Average Rating of “Buy” by Brokerages (NYSE:IRF)
International Rectifier Corp. (NYSE:IRF) has been given a consensus rating of “Buy” by the eight analysts that are covering the stock, StockRatingsNetwork reports. Four analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $33.25.
A number of analysts have recently weighed in on IRF shares. Analysts at Goldman Sachs upgraded shares of International Rectifier Corp. from a “sell” rating to a “neutral” rating in a research note on Thursday. Separately, analysts at FBR Capital Markets raised their price target on shares of International Rectifier Corp. from $28.00 to $40.00 in a research note on Thursday. They now have a “market perform” rating on the stock. Finally, analysts at Raymond James downgraded shares of International Rectifier Corp. from a “strong-buy” rating to a “market perform” rating in a research note on Thursday.
Shares of International Rectifier Corp. (NYSE:IRF) traded up 0.12% on Thursday, hitting $39.145. 6,402,136 shares of the company’s stock traded hands. International Rectifier Corp. has a 52-week low of $22.78 and a 52-week 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 $2.790 billion and a P/E ratio of 70.32.
International Rectifier Corp. (NYSE:IRF) last released its earnings data on Wednesday, August 20th. The company reported $0.30 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted ($0.02) earnings per share. The company’s quarterly revenue was up 7.7% on a year-over-year basis. Analysts expect that International Rectifier Corp. will post $1.52 EPS for the current fiscal year.
International Rectifier Corporation (NYSE:IRF) designs, manufactures and markets power management semiconductors.
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