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.
Several price targets were given for SANM by the analysts covering the stock. The most optimistic analyst gave a price target of 52, which equates to a potential upside of 25.15 percent. The most pessimistic price target was 42, which equates to a potential downside of 1.08 percent. One must be careful with overanalyzing price targets and ratings due to possible conflicts of interest among the analysts releasing them.
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. On the other hand, earnings estimates for the fiscal year have been revised upwards by 0 percent, as compared to a month ago. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 0 percent.
Another thing investors often look at is the level of agreement among analysts' 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, 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. It's possible to gain additional insight about growth valuation of a company by looking at the PEG ratio. A lower PEG ratio is favorable, because that is often interpreted as the company being fairly priced relative to its growth rate. Many investors consider PEG ratios between 0 and 1 as preferrable, though it could be better to see where the ratio stands relative to peers in the industry. The PEG ratio of SANM is 3.81.
In the last 52-weeks, SANM has achieved a high of 42.00 and a low of 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's next earnings release will be on 0000-00-00, which is days away.