Cirrus Logic (NDAQ:CRUS) Rating Kept
Stifel Nicolaus currently has a $75.00 target on the $ market cap company or 88.73 % upside potential. In an analyst note sent to clients and investors on 1 January, Cirrus Logic (NDAQ:CRUS) stock had its Buy Rating restate by stock analysts at Stifel Nicolaus.
NDAQ:CRUS is currently trading 0.00% lower at $0.00 as of 7:58 AM New York time. Cirrus Logic’s stock is 0% in the past 200 days. It has underperformed the S&P 500 Index, which has added 6.00% in the same time period.
Out of 8 brokers covering Cirrus Logic, 7 rate it a Buy, 1 indicate a Hold while 0 suggest a Sell. The highest target is $52 and the lowest is $35 according to Thomson/First Call. The 12-month mean target is $44.38, which means upside potential of ∞% over the current price.
Holderness Investments Co had the biggest stake with ownership of 60,873 shares as of Q2 2015 for 3.24% of the stock exposure. Hillcrest Asset Management Llc is another bullish investment manager who is possessing 243,190 shares of Cirrus Logic or 2.92% of their stock exposure. In addition, Alphaone Investment Services Llc have 2.18% of their stock exposure invested in the company for 125,100 shares. The Oregon-based fund Hood River Capital Management Llc disclosed it had acquired a stake worth about 2.13% of the investment manager’s stock portfolio in Cirrus Logic. The Maryland-based fund Hussman Strategic Advisors Inc. is also positive about the stock, possessing 391,751 shares or 1.97% of their stock exposure.
Cirrus Logic (NDAQ:CRUS) closed at $0 yesterday. A total of shares of the company’s stock traded hands. This is down from average of shares. Cirrus Logic has a 52 week low of $0.00 and a 52 week high of $0. The company has a market cap of $ and a P/E ratio of 0.
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The post Research Analysts at Stifel Nicolaus Reiterated their Buy rating for Cirrus Logic (NDAQ:CRUS). The Target Price is Set to $75.00 appeared first on Octafinance.