Planar Systems Downgraded by Zacks to “Neutral” (PLNR)
Planar Systems (NASDAQ:PLNR) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a report issued on Wednesday, Stock Ratings News reports. They currently have a $3.00 price objective on the stock. Zacks‘ price target indicates a potential upside of 14.94% from the company’s current price.
Separately, analysts at Thomson Reuters/Verus downgraded shares of Planar Systems from a “buy” rating to a “hold” rating in a research note to investors on Monday, January 20th.
Shares of Planar Systems (NASDAQ:PLNR) traded down 2.87% on Wednesday, hitting $2.535. The stock had a trading volume of 50,102 shares. Planar Systems has a 1-year low of $1.52 and a 1-year high of $2.93. The stock’s 50-day moving average is $2.54 and its 200-day moving average is $2.1. The company’s market cap is $54.3 million.
Planar Systems (NASDAQ:PLNR) last announced its earnings results on Wednesday, November 20th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.06. The company had revenue of $45.70 million for the quarter, compared to the consensus estimate of $43.00 million. The company’s revenue for the quarter was up 10.4% on a year-over-year basis. Analysts expect that Planar Systems will post $0.05 EPS for the current fiscal year.
Planar Systems, Inc (NASDAQ:PLNR) is a provider of specialty display products, solutions, and services for customers in a number of end market segments.
To view Zacks’ full report, visit www.zacks.com
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.