ThinkEquity Analysts Begin Coverage on SanDisk (SNDK)
A number of other firms have also recently commented on SNDK. Analysts at Susquehanna initiated coverage on shares of SanDisk in a research note to investors on Thursday. They set a “positive” rating on the stock. Separately, analysts at Jefferies Group (NYSE: JEF) upgraded shares of SanDisk from a “hold” rating to a “buy” rating in a research note to investors on Friday, April 27th. They now have a $47.00 price target on the stock, up previously from $45.00. Finally, analysts at Sterne Agee cut their price target on shares of SanDisk from $55.00 to $50.00 in a research note to investors on Friday, April 20th. They now have a “buy” rating on the stock.
SanDisk traded up 3.39% on Friday, hitting $32.59. SanDisk has a 1-year low of $32.24 and a 1-year high of $53.46. The company has a market cap of $7.939 billion and a price-to-earnings ratio of 8.81.
SanDisk last released its earnings data on Thursday, April 19th. The company reported $0.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.71 by $0.08. The company’s revenue for the quarter was down 6.8% on a year-over-year basis. Analysts expect that SanDisk will post $0.43 EPS next quarter.
SanDisk Corporation designs, develops and manufactures data storage solutions in a range of form factors using its flash memory, controller and firmware technologies.