Sanmina (SANM) Getting Somewhat Positive News Coverage, Report Shows
Headlines about Sanmina (NASDAQ:SANM) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm rates the sentiment of media coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Sanmina earned a news impact score of 0.20 on Accern’s scale. Accern also gave news headlines about the electronics maker an impact score of 45.7580526822515 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Several research firms recently commented on SANM. Zacks Investment Research upgraded shares of Sanmina from a “sell” rating to a “hold” rating in a research note on Thursday, January 4th. Craig Hallum upgraded shares of Sanmina from a “hold” rating to a “buy” rating in a research note on Monday, December 18th. BidaskClub cut shares of Sanmina from a “buy” rating to a “hold” rating in a research note on Tuesday, December 12th. Argus lowered shares of Sanmina from a “buy” rating to a “hold” rating in a report on Thursday, November 2nd. Finally, Bank of America lowered shares of Sanmina from a “buy” rating to a “neutral” rating in a report on Tuesday, October 31st. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Sanmina presently has a consensus rating of “Hold” and an average price target of $44.33.
Shares of Sanmina (NASDAQ:SANM) opened at $33.60 on Wednesday. The stock has a market cap of $2,434.30, a price-to-earnings ratio of 18.77, a price-to-earnings-growth ratio of 0.94 and a beta of 0.79. The company has a quick ratio of 0.97, a current ratio of 1.62 and a debt-to-equity ratio of 0.24. Sanmina has a fifty-two week low of $29.95 and a fifty-two week high of $42.95.
Sanmina announced that its Board of Directors has initiated a stock buyback plan on Monday, September 18th that allows the company to repurchase $200.00 million in outstanding shares. This repurchase authorization allows the electronics maker to reacquire up to 77% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.
TRADEMARK VIOLATION WARNING: “Sanmina (SANM) Getting Somewhat Positive News Coverage, Report Shows” was originally posted by TheOlympiaReport and is owned by of TheOlympiaReport. If you are reading this report on another site, it was illegally copied and reposted in violation of United States & international copyright laws. The original version of this report can be viewed at https://theolympiareport.com/2018/01/10/sanmina-sanm-getting-somewhat-positive-news-coverage-report-shows.html.
Sanmina Company Profile
Sanmina Corporation is a provider of integrated manufacturing solutions, components, products and repair, logistics and after-market services. The Company provides its offerings primarily to original equipment manufacturers (OEMs) in various industries, including communications networks, storage, industrial, defense and aerospace, medical and energy.
Receive News & Ratings for Sanmina Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sanmina and related companies with MarketBeat.com's FREE daily email newsletter.