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 price target was 52, which equates to a potential upside of 25.15 percent. The most pessimistic price target was 42, implying a possible loss of 1.08 percent. It is crucial to not blindly accept any price targets or stock ratings, because many analysts have it in their best interest to give positive coverage of certain stocks.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 0 percent. That number becomes 0 percent if we expand the time horizon to include the past 3 months instead of just one. Over the past 30 days, FY earnings estimates have also changed upwards by 0 percent. 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 have revised their quarterly estimates upwards in the past 30 days, while 0 analysts revised their estimates downwards. Also over the last month, 0 analysts increased their estimates for the FY earnings, compared to 0 analysts that revised their FY estimates downwards.
SANM has an estimated earnings growth rate of 4.08 percent as forecasted by analysts. It's possible to gain additional insight about growth valuation of a company by looking at the PEG ratio. Investors like to see smaller values for the PEG ratio, because that is often interpreted as the company being fairly priced relative to its growth rate. 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. SANM has a PEG ratio of 3.81.
In the trailing 52-weeks, SANM hit 42.00 at the highest peak, while it's lowest trading point was 23.50. The current market price is above the trailing year's low by 76.81 percent, and below the high by 1.07 percent. 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 market cap of SANM is $3.14 billion. SANM is estimated to release their earnings results for the quarter on 0000-00-00, days from today.