FBR Capital Lowers Price Target on Intl Rectifier (IRF)
FBR Capital (NASDAQ: FBCM) lowered their price target on shares of Intl Rectifier (NYSE: IRF) from $28.00 to $26.00 in a research note issued on Friday. The firm currently has an “outperform” rating on the stock.
Separately, analysts at Brigantine initiated coverage on shares of Intl Rectifier in a research note to investors on Monday, March 5th. They set a “buy” rating on the stock.
Intl Rectifier traded down 1.80% on Friday, hitting $19.60. Intl Rectifier has a 1-year low of $17.28 and a 1-year high of $35.26. The company has a market cap of $1.354 billion and a price-to-earnings ratio of 13.53.
Intl Rectifier last released its earnings data on Thursday, May 3rd. The company reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.18) by $0.14. The company’s revenue for the quarter was down 16.4% on a year-over-year basis. Analysts expect that Intl Rectifier will post $0.11 EPS next quarter.
International Rectifier Corporation (IR) designs, manufactures and markets power management semiconductors.