Sanmina Corp Sets New 12-Month High at $21.98 (SANM)
Shares of Sanmina Corp (NASDAQ:SANM) reached a new 52-week high on Monday , American Banking News.com reports. The stock traded as high as $21.98 and last traded at $21.94, with a volume of 341,066 shares changing hands. The stock had previously closed at $21.06.
SANM has been the subject of a number of recent research reports. Analysts at Needham & Company LLC raised their price target on shares of Sanmina Corp from $22.00 to $24.00 in a research note on Wednesday, May 7th. They now have a “buy” rating on the stock. Separately, analysts at Zacks upgraded shares of Sanmina Corp from a “neutral” rating to an “outperform” rating in a research note on Tuesday, April 29th. They now have a $21.90 price target on the stock. Finally, analysts at Citigroup Inc. reiterated a “hold” rating on shares of Sanmina Corp in a research note on Wednesday, April 23rd. They now have a $20.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $19.34.
The stock has a 50-day moving average of $20.28 and a 200-day moving average of $17.48. The company has a market cap of $1.785 billion and a P/E ratio of 17.92.
Sanmina Corp (NASDAQ:SANM) last issued its quarterly 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 $1.81 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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