Planar Systems Rating Reiterated by B. Riley (PLNR)
Planar Systems (NASDAQ:PLNR)‘s stock had its “buy” rating restated by B. Riley in a research note issued on Friday. They currently have a $3.10 price target on the stock, up from their previous price target of $3.00. B. Riley’s price objective would indicate a potential upside of 15.24% from the company’s current price.
Shares of Planar Systems (NASDAQ:PLNR) traded up 18.21% during mid-day trading on Friday, hitting $3.1799. 569,967 shares of the company’s stock traded hands. Planar Systems has a one year low of $1.75 and a one year high of $2.93. The stock has a 50-day moving average of $2.45 and a 200-day moving average of $2.30. The company’s market cap is $69.4 million.
Planar Systems (NASDAQ:PLNR) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.05 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.02 by $0.03. The company had revenue of $43.90 million for the quarter, compared to the consensus estimate of $42.80 million. During the same quarter in the prior year, the company posted ($0.02) earnings per share. The company’s quarterly revenue was up 17.1% on a year-over-year basis. Analysts expect that Planar Systems will post $0.16 EPS for the current fiscal year.
Separately, analysts at Roth Capital upgraded shares of Planar Systems from a “neutral” rating to a “buy” rating in a research note on Thursday, May 8th. They now have a $2.50 price target on the stock, up previously from $2.25.
Planar Systems, Inc (NASDAQ:PLNR) is engaged in developing, manufacturing and marketing electronic display products and systems.
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