Brokerage Firm Rating Update on Cirrus Logic (CRUS)

Cirrus Logic (CRUS) has an average broker rating of 1.67, which is interpreted as a Buy, as rated by 9 equity analysts. Nonetheless, 5 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 2 other analysts advise a Buy. Nevertheless, the majority of 2 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 1, which is also a Strong Buy.

Cirrus Logic (CRUS) : The most positive equity analysts on Cirrus Logic (CRUS) expects the shares to touch $57, whereas, the least positive believes that the stock will trade at $38 in the short term. The company is covered by 8 Wall Street Brokerage Firms. The average price target for shares are $50.5 with an expected fluctuation of $6.91 from the mean.


For the current week, the company shares have a recommendation consensus of Buy. Also, Equity analysts at the Brokerage firm Barclays maintains its rating on Cirrus Logic (NASDAQ:CRUS). The rating major has initiated the coverage with equalweight rating on the shares. The Analysts at Barclays raises the price target from $35 per share to $38 per share. The rating by the firm was issued on July 28, 2016.

Cirrus Logic (NASDAQ:CRUS): The stock opened at $51.26 and touched an intraday high of $52.2 on Wednesday. During the day, the stock corrected to an intraday low of $51.26, however, the bulls stepped in and pushed the price higher to close in the green at $51.63 with a gain of 0.53% for the day. The total traded volume for the day was 1,209,636. The stock had closed at $51.36 in the previous trading session.

Cirrus Logic, Inc. (Cirrus Logic) develops high-precision, analog and mixed-signal integrated circuits (ICs) for a range of audio and energy markets. Cirrus Logic delivers products for consumer and professional audio, automotive entertainment, and targeted industrial applications including energy control, energy measurement, light emitting diode (LED) lighting and energy exploration. The Company also serves customers from sales offices in the United States, Europe and Asia, including the Peoples Republic of China, Hong Kong, South Korea, Japan, Singapore, Taiwan and the United Kingdom. The Audio Products segment offers analog and mixed-signal audio converter and audio DSP products. The Energy Products provides high-precision analog and mixed-signal ICs for targeted energy control, energy measurement, LED lighting and energy exploration applications.

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