Freescale Semiconductor Given Consensus Recommendation of “Buy” by Brokerages (NYSE:FSL)
Freescale Semiconductor (NYSE:FSL) has received an average recommendation of “Buy” from the fifteen analysts that are currently covering the stock, StockRatingsNetwork reports. Five analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 1-year price target among analysts that have covered the stock in the last year is $27.67.
Several analysts have recently commented on the stock. Analysts at Morgan Stanley upgraded shares of Freescale Semiconductor from an “underweight” rating to an “equal weight” rating in a research note on Wednesday, July 30th. Separately, analysts at Needham & Company LLC downgraded shares of Freescale Semiconductor from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 23rd. Finally, analysts at ISI Group downgraded shares of Freescale Semiconductor from a “buy” rating to a “neutral” rating in a research note on Monday, July 14th. They now have a $24.00 price target on the stock, up previously from $20.00.
Freescale Semiconductor (NYSE:FSL) opened at 21.15 on Tuesday. Freescale Semiconductor has a 52 week low of $13.75 and a 52 week high of $26.00. The stock has a 50-day moving average of $21.30 and a 200-day moving average of $22.50. The company’s market cap is $6.425 billion.
Freescale Semiconductor (NYSE:FSL) last announced its earnings results on Thursday, July 24th. The company reported $0.38 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.36 by $0.02. The company had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter last year, the company posted $0.09 earnings per share. Freescale Semiconductor’s revenue was up 14.7% compared to the same quarter last year. On average, analysts predict that Freescale Semiconductor will post $1.51 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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