Zacks Upgrades Benchmark Electronics to Outperform (BHE)
Benchmark Electronics (NYSE:BHE) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a report issued on Friday. The firm currently has a $26.70 target price on the stock. Zacks‘s target price suggests a potential upside of 7.27% from the stock’s previous close.
Benchmark Electronics (NYSE:BHE) traded up 3.88% on Friday, hitting $24.89. The stock had a trading volume of 358,856 shares. Benchmark Electronics has a 52 week low of $21.66 and a 52 week high of $26.06. The stock has a 50-day moving average of $24.80 and a 200-day moving average of $23.63. The company has a market cap of $1.342 billion and a P/E ratio of 11.02.
Benchmark Electronics (NYSE:BHE) last released its earnings data on Thursday, July 24th. The company reported $0.43 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.38 by $0.05. The company had revenue of $717.00 million for the quarter, compared to the consensus estimate of $680.64 million. During the same quarter in the prior year, the company posted $0.31 earnings per share. The company’s quarterly revenue was up 17.9% on a year-over-year basis. Analysts expect that Benchmark Electronics will post $1.61 EPS for the current fiscal year.
Benchmark Electronics, Inc (NYSE:BHE) is a provider of integrated electronic manufacturing services.
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