Plantronics (PLT) PT Set at $60.00 by Northland Securities
Plantronics (NYSE:PLT) has been assigned a $60.00 target price by research analysts at Northland Securities in a report issued on Friday. The firm currently has a “buy” rating on the technology company’s stock. Northland Securities’ price target indicates a potential upside of 9.01% from the company’s current price.
Several other research analysts also recently commented on the stock. Sidoti raised shares of Plantronics from a “neutral” rating to a “buy” rating and set a $60.00 target price on the stock in a research note on Tuesday, January 2nd. TheStreet raised shares of Plantronics from a “c+” rating to a “b” rating in a research note on Friday, November 24th. Roth Capital set a $55.00 target price on shares of Plantronics and gave the stock a “buy” rating in a research note on Wednesday, November 1st. Finally, Zacks Investment Research raised shares of Plantronics from a “sell” rating to a “hold” rating in a research note on Tuesday, October 3rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $58.75.
Plantronics (NYSE:PLT) traded up $0.68 during mid-day trading on Friday, hitting $55.04. 215,348 shares of the company’s stock traded hands, compared to its average volume of 142,500. The stock has a market capitalization of $1,819.95, a P/E ratio of 22.65, a PEG ratio of 1.68 and a beta of 1.31. Plantronics has a 52-week low of $41.28 and a 52-week high of $58.27. The company has a debt-to-equity ratio of 1.27, a current ratio of 6.44 and a quick ratio of 5.90.
Large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in Plantronics by 1.3% in the second quarter. Vanguard Group Inc. now owns 2,762,404 shares of the technology company’s stock valued at $144,502,000 after acquiring an additional 34,223 shares in the last quarter. Capital Fund Management S.A. bought a new stake in Plantronics in the second quarter valued at $1,245,000. American International Group Inc. boosted its holdings in Plantronics by 3.1% in the third quarter. American International Group Inc. now owns 91,089 shares of the technology company’s stock valued at $4,028,000 after acquiring an additional 2,775 shares in the last quarter. Stevens Capital Management LP bought a new stake in Plantronics in the second quarter valued at $705,000. Finally, Bessemer Group Inc. boosted its holdings in Plantronics by 25.9% in the third quarter. Bessemer Group Inc. now owns 38,400 shares of the technology company’s stock valued at $1,698,000 after acquiring an additional 7,900 shares in the last quarter. Institutional investors and hedge funds own 90.89% of the company’s stock.
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Plantronics, Inc (Plantronics) is engaged in the design, manufacture, and distribution of headsets for business and consumer applications, and other specialty products for the hearing impaired. The Company is a global designer, manufacturer and marketer of communications headsets, telephone headset systems, other communication endpoints and accessories for the business and consumer markets.
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