Capstone Sets Cirrus Logic Price Target at $35.00 (CRUS)

By admin | 6 years ago

Capstone raised their price target on shares of Cirrus Logic (NASDAQ: CRUS) to $35.00 in a research note issued on Thursday.

A number of other firms have also recently commented on CRUS. Analysts at Capstone Investments raised their price target on shares of Cirrus Logic from $31.00 to $35.00 in a research note to investors on Thursday. They now have a “buy” rating on the stock. Separately, analysts at Oppenheimer (NYSE: OPY) raised their price target on shares of Cirrus Logic from $28.00 to $30.00 in a research note to investors on Thursday, April 26th. They now have an “outperform” rating on the stock. Finally, analysts at Stifel Nicolaus raised their price target on shares of Cirrus Logic from $28.00 to $34.00 in a research note to investors on Thursday, April 26th. They now have a “buy” rating on the stock.

Shares of Cirrus Logic traded down 5.36% during mid-day trading on Thursday, hitting $27.18. Cirrus Logic has a 52 week low of $12.52 and a 52 week high of $28.25. The company has a market cap of $1.745 billion and a P/E ratio of 22.26.

Cirrus Logic last announced its earnings results on Wednesday, April 25th. The company reported $0.36 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.35 by $0.01. Cirrus Logic’s revenue was up 21.0% compared to the same quarter last year. On average, analysts predict that Cirrus Logic will post $0.40 earnings per share next quarter.

Cirrus Logic, Inc. (Cirrus Logic) develops high-precision, analog and mixed-signal integrated circuits (ICs) for a range of audio and energy markets.

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