SanDisk Stock Rating Upgraded by Credit Agricole (SNDK)
SanDisk (NASDAQ:SNDK) was upgraded by research analysts at Credit Agricole from an “underperform” rating to an “outperform” rating in a report released on Tuesday, TheFlyOnTheWall.com reports.
Shares of SanDisk (NASDAQ:SNDK) opened at 102.00 on Tuesday. SanDisk has a 52-week low of $53.09 and a 52-week high of $102.20. The stock has a 50-day moving average of $92.79 and a 200-day moving average of $78.69. The company has a market cap of $23.122 billion and a P/E ratio of 20.46.
SanDisk (NASDAQ:SNDK) last announced its earnings results on Wednesday, April 16th. The company reported $1.44 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.25 by $0.19. The company had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter in the prior year, the company posted $0.84 earnings per share. The company’s quarterly revenue was up 12.8% on a year-over-year basis. On average, analysts predict that SanDisk will post $6.08 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Cowen and Company raised their price target on shares of SanDisk from $80.00 to $90.00 in a research note on Tuesday. They now have a “market perform” rating on the stock. Separately, analysts at Jefferies Group raised their price target on shares of SanDisk from $95.00 to $118.00 in a research note on Tuesday. Finally, analysts at Nomura raised their price target on shares of SanDisk from $85.00 to $95.00 in a research note on Tuesday. Ten research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $99.93.
SanDisk Corporation designs, develops and manufactures data storage solutions in a range of form factors using its flash memory, controller and firmware technologies.
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