Credit Suisse hoisted their price target on shares of Freescale Semiconductor Ltd (NYSE:FSL) from $17.50 to $20.00 in a research note issued on Friday, StockRatingsNetwork reports. Credit Suisse’s price objective points to a potential upside of 30.29% from the stock’s previous close.
Freescale Semiconductor Ltd (NYSE: FSL) traded down 5.83% on Friday, hitting $15.35. Freescale Semiconductor Ltd has a 1-year low of $7.63 and a 1-year high of $17.44. The stock’s 50-day moving average is currently $14.78. The company’s market cap is $3.901 billion.
Freescale Semiconductor Ltd (NYSE:FSL) last posted its quarterly earnings results on Thursday, July 25th. The company reported $0.09 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.07 by $0.02. The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter last year, the company posted $0.07 earnings per share. Freescale Semiconductor Ltd’s revenue was up .9% compared to the same quarter last year. Analysts expect that Freescale Semiconductor Ltd will post $0.51 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on FSL. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Freescale Semiconductor Ltd in a research note to investors on Friday. They now have a $20.00 price target on the stock. Separately, analysts at Oppenheimer downgraded shares of Freescale Semiconductor Ltd from an “outperform” rating to a “market perform” rating in a research note to investors on Friday. They noted that the move was a valuation call. Finally, analysts at Piper Jaffray Cos. upgraded shares of Freescale Semiconductor Ltd from a “neutral” rating to an “overweight” rating in a research note to investors on Tuesday, July 9th. They now have a $18.00 price target on the stock, up previously from $15.00.
Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $17.83.
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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