Freescale Semi (NYSE: FSL) was downgraded by analysts at Sanford C. Bernstein from an “outperform” rating to a “market perform” rating in a research report issued to clients and investors on Wednesday. They currently have a $18.00 price target on the stock, up from their previous price target of $15.00.
A number of other analysts have also recently weighed in on FSL. Analysts at SunTrust initiated coverage on shares of Freescale Semi in a research note to investors on Tuesday. They set a “buy” rating on the stock. Separately, analysts at Citigroup reiterated a “buy” rating on shares of Freescale Semi in a research note to investors on Wednesday, January 30th. They now have a $18.00 price target on the stock, up previously from $15.00. Finally, analysts at Goldman Sachs reiterated a “buy” rating on shares of Freescale Semi in a research note to investors on Wednesday, January 30th. They now have a $14.00 price target on the stock, up previously from $12.50.
Eight equities research analysts have rated the stock with a buy rating, one has given an overweight rating, and five have given a hold rating to the company. The stock presently has a consensus rating of “overweight” and a consensus price target of $14.43.
Freescale Semi opened at 15.67 on Wednesday. Freescale Semi has a 52-week low of $7.63 and a 52-week high of $16.36. The stock’s 50-day moving average is currently $14.76. The company’s market cap is $3.929 billion.
Freescale Semi last posted its quarterly earnings results on Tuesday, January 29th. The company reported ($0.15) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.18) by $0.03. The company had revenue of $957.00 million for the quarter, compared to the consensus estimate of $942.16 million. During the same quarter in the prior year, the company posted $0.07 earnings per share. The company’s quarterly revenue was down 5.5% on a year-over-year basis. Analysts expect that Freescale Semi will post $0.44 EPS for the current fiscal year.
Freescale Semiconductor, Inc. manufactures microcontrollers, microprocessors and semiconductors. The Company offers microcontroller solutions, such as the components of embedded control systems, including embedded processors, microcontrollers, and embedded microprocessors that are used in automotive, consumer, industrial, and computer peripheral applications.
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