Share on StockTwits

Investment analysts at RBC Capital upped their target price on shares of Sanmina Corp (NASDAQ:SANM) from $10.00 to $11.00 in a note issued to investors on Tuesday. The firm currently has an “underperform” rating on the stock. RBC Capital’s price target would suggest a potential downside of 54.17% from the stock’s previous close.

A number of other firms have also recently commented on SANM. Analysts at Zacks downgraded shares of Sanmina Corp from an “outperform” rating to a “neutral” rating in a research note on Tuesday, June 24th. They now have a $24.10 price target on the stock. Separately, 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. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company. Sanmina Corp has an average rating of “Hold” and an average price target of $19.88.

Shares of Sanmina Corp (NASDAQ:SANM) traded up 7.38% on Tuesday, hitting $24.00. The stock had a trading volume of 2,382,585 shares. Sanmina Corp has a one year low of $14.02 and a one year high of $25.25. The stock’s 50-day moving average is $22.26 and its 200-day moving average is $19.02. The company has a market cap of $1.976 billion and a P/E ratio of 19.02.

Sanmina Corp (NASDAQ:SANM) last posted its quarterly earnings results on Monday, July 21st. The company reported $0.53 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.48 by $0.05. The company had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.55 billion. During the same quarter last year, the company posted $0.40 earnings per share. Sanmina Corp’s revenue was up 7.8% 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.

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.