Cree (NASDAQ:CREE) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 2.6 by 10 Brokerage Firm. 2 Wall Street Firms have rated the stock as a strong buys. 8 Brokerage Firms have advised hold.
Other Equity analysts have also commented on the company shares. Pacific Crest initiates coverage on Cree (NASDAQ:CREE). The shares have now been rated Sector Perform by the stock experts at the ratings house. The rating by the firm was issued on May 13, 2016.
Cree (NASDAQ:CREE): The stock price is expected to reach $ 27.5 in the short term. The number of analysts agreeing with this consensus is 7. The higher estimate for the short term price target is at $31 while the lower estimate is at $23. The standard deviation of the price stands at $3.33.
Cree (NASDAQ:CREE) rose 0.28% or 0.07 points on Tuesday and made its way into the gainers of the day. After trading began at $25.5 the stock was seen hitting $25.63 as a peak level and $25.18 as the lowest level. The stock ended up at $25.42. The daily volume was measured at 915,998 shares. The 52-week high of the share price is $32.92 and the 52-week low is $22.1. The company has a market cap of $2,553 million.
Shares of Cree, Inc. rose by 3.25% in the last five trading days and 9.33% for the last 4 weeks. Cree, Inc. has dropped 14.24% during the last 3-month period . Year-to-Date the stock performance stands at -4.69%.
Cree, Inc. is a manufacturer of lighting-class light emitting diode (LED) products, lighting products and semiconductor products for power and radio-frequency (RF) applications. The Companys products are focused for applications, such as indoor and outdoor lighting, video displays, transportation, electronic signs and signals, power supplies, inverters and wireless systems. The Company has three segments: Lighting Products, LED Products, and Power and RF Products. The Companys Lighting Products segment offers LED lighting systems and bulbs. The Companys LED Products segment offers LED components, LED chips and silicon carbide (SiC) materials. The Companys Power and RF Products segment offers power devices and RF devices. The Company designs, manufactures and markets lighting systems for indoor and outdoor applications, with a focus on LED lighting systems for the commercial, industrial and consumer markets.