Mizuho Securities Raises Plantronics to Buy (Neutral) (PLT)

By admin | 6 years ago

Plantronics (NYSE: PLT) was upgraded by equities researchers at Mizuho Securities to a “buy (neutral)” rating in a report issued on Tuesday.

Shares of Plantronics opened at 30.94 on Tuesday. Plantronics has a 52 week low of $27.12 and a 52 week high of $40.82. The company has a market cap of $1.290 billion and a P/E ratio of 12.84.

Plantronics last announced its earnings results on Tuesday, May 1st. The company reported $0.62 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.65 by $0.03. The company’s revenue for the quarter was up 2.6% on a year-over-year basis. Analysts expect that Plantronics will post $0.66 EPS next quarter.

A number of other analysts have also recently weighed in on PLT. Analysts at Mizuho upgraded shares of Plantronics from a “neutral” rating to a “buy” rating in a research note to investors on Tuesday. Separately, analysts at Raymond James (NYSE: RJF) initiated coverage on shares of Plantronics in a research note to investors on Tuesday, May 8th. They set a “market perform” rating on the stock. Finally, analysts at Northland Securities raised their price target on shares of Plantronics from $43.00 to $47.00 in a research note to investors on Thursday, March 29th. They now have an “outperform” rating on the stock.

Plantronics, Inc. (Plantronics) is a global designer, manufacturer, and marketer of lightweight communications headsets, telephone headset systems, and accessories for the business and consumer markets under the Plantronics brand.

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