International Rectifier Corp. Upgraded to Neutral at Goldman Sachs (IRF)
International Rectifier Corp. (NYSE:IRF) was upgraded by analysts at Goldman Sachs from a “sell” rating to a “neutral” rating in a research report issued to clients and investors on Thursday, TheFlyOnTheWall.com reports.
Shares of International Rectifier Corp. (NYSE:IRF) opened at 39.10 on Thursday. 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 $2.787 billion and a P/E ratio of 47.77.
International Rectifier Corp. (NYSE:IRF) last released its 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.
Other equities research analysts have also recently issued reports about the stock. 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. 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 stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $33.25.
International Rectifier Corporation (NYSE:IRF) designs, manufactures and markets power management semiconductors.
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