Sanmina Corp. Hits New 52-Week High at $17.51 (SANM)
Shares of Sanmina Corp. (NASDAQ:SANM) hit a new 52-week high during trading hours on Tuesday, AnalystRatingsNetwork.com reports. The company traded as high as $17.51 and last traded at $17.47, with a volume of 828,967 shares trading hands. The stock had previously closed at $16.82.
A number of research firms have recently commented on SANM. Analysts at Zacks upgraded shares of Sanmina Corp. (NASDAQ:SANM) from a “neutral” rating to an “outperform” rating in a research note to investors on Thursday, July 25th. They now have a $17.30 price target on the stock. Separately, analysts at RBC Capital raised their price target on shares of Sanmina Corp. (NASDAQ:SANM) from $7.00 to $8.00 in a research note to investors on Tuesday, July 23rd. They now have an “underperform” rating on the stock. Finally, analysts at Raymond James downgraded shares of Sanmina Corp. (NASDAQ:SANM) from an “outperform” rating to a “market perform” rating in a research note to investors on Tuesday, July 16th.
Two research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $13.06.
Sanmina Corp. has a 52-week low of $7.58 and a 52-week high of $17.00. The stock’s 50-day moving average is $16.39 and its 200-day moving average is $13.61. The company has a market cap of $1.474 billion and a price-to-earnings ratio of 6.93.
Sanmina Corp. (NASDAQ:SANM) last released its earnings data on Monday, July 22nd. The company reported $0.40 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.35 by $0.05. The company had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter last year, the company posted $0.26 earnings per share. Sanmina Corp.’s revenue was down 3.9% compared to the same quarter last year. On average, analysts predict that Sanmina Corp. will post $1.39 earnings per share for the current fiscal year.
Sanmina Corporation, formerly Sanmina-SCI Corporation, is a provider of integrated manufacturing solutions, components, products and repair, logistics and after-market services.
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