Raymond James Starts Stock Coverage on Plantronics (PLT)

By admin | 6 years ago

Investment analysts at Raymond James (NYSE: RJF) began coverage on shares of Plantronics (NYSE: PLT) in a note issued to investors on Tuesday. The firm set a “market perform” rating on the stock.

Shares of Plantronics traded down 1.45% during mid-day trading on Tuesday, hitting $31.27. Plantronics has a one year low of $27.12 and a one year high of $40.82. The company has a market cap of $1.320 billion and a P/E ratio of 13.17.

Plantronics last issued its quarterly earnings data on Tuesday, May 1st. The company reported $0.62 earnings per share (EPS) for the quarter, missing the 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. On average, analysts predict that Plantronics will post $0.65 earnings per share next quarter.

Several other analysts have also recently commented on the stock. 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. Separately, analysts at Mizuho raised their price target on shares of Plantronics from $37.00 to $39.00 in a research note to investors on Tuesday, March 20th. They now have a “neutral” rating on the stock. Finally, analysts at Sterne Agee raised their price target on shares of Plantronics to $44.00 in a research note to investors on Wednesday, March 14th. They now have a “neutral” 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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