Sanmina Corp Receives “Hold” Rating from Citigroup Inc. (SANM)
Sanmina Corp (NASDAQ:SANM)‘s stock had its “hold” rating restated by research analysts at Citigroup Inc. in a report released on Wednesday, AnalystRatings.NET reports. They currently have a $20.00 price target on the stock. Citigroup Inc.’s target price would indicate a potential downside of 4.90% from the stock’s previous close.
A number of other firms have also recently commented on SANM. Analysts at Needham & Company LLC raised their price target on shares of Sanmina Corp from $19.00 to $22.00 in a research note on Wednesday. They now have a “buy” rating on the stock. Separately, analysts at Craig Hallum upgraded shares of Sanmina Corp from a “hold” rating to a “buy” rating in a research note on Wednesday. They now have a $24.00 price target on the stock, up previously from $17.00. Finally, analysts at Bank of America reiterated a “neutral” rating on shares of Sanmina Corp in a research note on Wednesday. They now have a $20.00 price target on the stock. Three analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company. Sanmina Corp has a consensus rating of “Hold” and an average target price of $17.69.
Shares of Sanmina Corp (NASDAQ:SANM) traded down 0.99% during mid-day trading on Wednesday, hitting $21.03. 1,044,090 shares of the company’s stock traded hands. Sanmina Corp has a 1-year low of $12.00 and a 1-year high of $21.80. The stock has a 50-day moving average of $17.7 and a 200-day moving average of $16.59. The company has a market cap of $1.741 billion and a P/E ratio of 18.08.
Sanmina Corp (NASDAQ:SANM) last released its earnings data on Tuesday, April 22nd. The company reported $0.44 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.39 by $0.05. The company had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.46 billion. During the same quarter last year, the company posted $0.30 earnings per share. Sanmina Corp’s revenue was up 3.4% compared to the same quarter last year. On average, analysts predict that Sanmina Corp will post $1.83 earnings per share for the current fiscal year.
Sanmina Corporation is a provider of integrated manufacturing solutions, components, products and repair, logistics and after-market services.
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