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.
A number of analysts gave price targets for SANM. The most optimistic price target was 52, implying a possible profit of 25.15 percent. The minimum price target given was 42, implying potential capital losses of 1.08 percent. Note that investment analysts can be biased in their reporting on companies's ratings and price targets.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 0 percent. The average change in earnings estimates over the last 90 days is 0 percent. Over the past 30 days, FY earnings estimates have also changed upwards by 0 percent. If we look at the last 90 days instead, we find a net average change of 0 percent in FY estimates.
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. Over the same time period, 0 analysts revised their FY earnings estimates upwards, while 0 analysts decreased their estimates.
SANM has an estimated earnings growth rate of 4.08 percent as forecasted by analysts. The PEG ratio of a stock is another value frequently studied by investors. Smaller PEG ratios are desirable, as that can indicate whether the high price level of a stock is warranted by high growth. PEG ratios below 1 are often considered desirable, though it could be better to see where the ratio stands relative to peers in the industry. 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. 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's next earnings release will be on 0000-00-00, which is days away.