Benchmark Electronics Inc. Hits New 52-Week High at $23.18 (BHE)
Shares of Benchmark Electronics (NYSE:BHE) hit a new 52-week high on Tuesday, American Banking and Market News reports. The company traded as high as $23.18 and last traded at $23.09, with a volume of 185,932 shares trading hands. The stock had previously closed at $22.80.
A number of research firms have recently commented on BHE. Analysts at Zacks upgraded shares of Benchmark Electronics (NYSE:BHE) from a “neutral” rating to an “outperform” rating in a research note to investors on Tuesday, July 30th. They now have a $23.80 price target on the stock. Separately, analysts at RBC Capital raised their price target on shares of Benchmark Electronics (NYSE:BHE) from $19.00 to $22.00 in a research note to investors on Friday, July 26th. Finally, analysts at Needham & Company downgraded shares of Benchmark Electronics (NYSE:BHE) from a “buy” rating to a “hold” rating in a research note to investors on Monday, July 8th. They now have a $20.00 price target on the stock.
One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the stock. Benchmark Electronics has an average rating of “Hold” and an average target price of $20.95.
Benchmark Electronics has a one year low of $12.54 and a one year high of $23.18. The stock’s 50-day moving average is $22.39 and its 200-day moving average is $19.66. The company has a market cap of $1.257 billion and a price-to-earnings ratio of 21.97.
Benchmark Electronics (NYSE:BHE) last posted its quarterly earnings results on Thursday, July 25th. The company reported $0.31 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.27 by $0.04. The company had revenue of $607.52 million for the quarter, compared to the consensus estimate of $573.39 million. During the same quarter in the prior year, the company posted $0.32 earnings per share. The company’s quarterly revenue was down 3.6% on a year-over-year basis. On average, analysts predict that Benchmark Electronics will post $1.19 earnings per share for the current fiscal year.
Benchmark Electronics, Inc (NYSE:BHE) is a provider of integrated electronic manufacturing services.
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