Analyst Ratings for Sanmina Corp. (SANM)Updated: 2017-07-24
Shares of Sanmina Corp. (NASDAQ:SANM) have received a consensus rating of Overweight from Wall Street analysts. SANM had previously received a consensus rating of Overweight a month ago.
Of the 7 analysts covering the stock, 2 gave it a buy rating, 0 gave an overweight rating, 5 gave a hold rating, 0 issued an underweight rating, and 0 gave a sell rating. Over the past 90 days, the number of analysts that are bullish on the stock has increased by 0. Over the same time period, there has been an increase of 0 in the number of analysts with a negative outlook on the stock.
Many analysts weighed in on price targets for SANM. The most optimistic analyst gave a price target of 52, implying potential capital gains of 25.15 percent. The minimum price target given was 42, which equates to a potential downside of 1.08 percent. Some investors take price targets and stock ratings with a grain of salt, knowing that some analysts can have indirect business with the stocks they cover.
In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average of 0 percent. The average change in earnings estimates over the last 90 days is 0 percent. Meanwhile, fiscal year estimates have been revised upwards by 0 percent, compared to last month. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 0 percent.
People are often interested in whether analysts were united in the direction of their revisions. 0 analysts made positive revisions to their quarterly estimates over the past month, which can be compared to the 0 analysts that decreased their estimates. During this time, 0 analysts made positive revisions in their estimates for this fiscal year's earnings, while 0 analysts made negative revisions to their fiscal year's estimates.
Analysts estimate earnings of SANM to grow at a rate of 4.08 percent. Another measure frequently examined by investors is the PEG ratio. A lower PEG ratio is favorable, because people typically see that as an indicator of higher growth relative to stock price. Wall Street investors typically prefer a PEG ratio to be smaller than 1, although it is frequently more appropriate to compare PEG ratios to the company's peers. The PEG ratio of SANM is 3.81.
SANM has a 52-week high of 42.00 and a 52-week low of 23.50. Currently the stock is 76.81 percent higher than its low, and 1.07 percent lower than its 52-week high. SANM has a price/earnings ratio of 15.56. Investors typically compare the P/E ratio to a company's peers in the industry. The SANM value stock report compares SANM to some of its peers using value stock charts. The stock has a market capitalization of $3.14 billion. SANM will post this quarters earnings in days, on 0000-00-00.