Pacific Crest Starts Stock Coverage on SanDisk (SNDK)

By admin | 6 years ago

Analysts at Pacific Crest initiated coverage on shares of SanDisk (NASDAQ: SNDK) in a research report issued to clients and investors on Tuesday. The firm set an “outperform” rating on the stock.

A number of other analysts have also recently weighed in on SNDK. Analysts at RBC Capital (NYSE: RY) reiterated an “outperform” rating on shares of SanDisk in a research note to investors on Friday, June 1st. Separately, analysts at Morgan Stanley (NYSE: MS) initiated coverage on shares of SanDisk in a research note to investors on Thursday, May 31st. They set an “overweight” rating and a $45.00 price target on the stock. Finally, analysts at ThinkEquity initiated coverage on shares of SanDisk in a research note to investors on Friday, May 18th. They set a “hold” rating on the stock.

SanDisk traded up 3.56% on Tuesday, hitting $34.60. SanDisk has a 1-year low of $30.99 and a 1-year high of $53.46. The company has a market cap of $8.429 billion and a price-to-earnings ratio of 9.34.

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 $0.38 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.

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