Sterne Agee restated their in-line rating on shares of SanDisk Corp. (NASDAQ:SNDK) in a research note issued to investors on Wednesday, American Banking News.com reports. The firm currently has a $67.90 price target on the stock, down from their previous price target of $74.00.
Shares of SanDisk Corp. (NASDAQ:SNDK) traded down 0.25% during mid-day trading on Wednesday, hitting $67.23. 1,721,486 shares of the company’s stock traded hands. SanDisk Corp. has a one year low of $39.70 and a one year high of $70.93. The stock has a 50-day moving average of $68.43 and a 200-day moving average of $61.50. The company has a market cap of $15.187 billion and a P/E ratio of 17.83.
SanDisk Corp. (NASDAQ:SNDK) last issued its quarterly earnings data on Wednesday, October 16th. The company reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.31 by $0.28. The company had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.57 billion. During the same quarter in the previous year, the company posted $0.48 earnings per share. The company’s revenue for the quarter was up 27.7% on a year-over-year basis. Analysts expect that SanDisk Corp. will post $5.19 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Drexel Hamilton initiated coverage on shares of SanDisk Corp. in a research note to investors on Wednesday, November 13th. They set a buy rating and a $80.00 price target on the stock. Separately, analysts at Bank of America Corp. reiterated a hold rating on shares of SanDisk Corp. in a research note to investors on Friday, November 8th. They now have a $75.00 price target on the stock. Finally, analysts at UBS AG raised their price target on shares of SanDisk Corp. from $69.00 to $74.00 in a research note to investors on Friday, November 8th. They now have a positive rating on the stock. One analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of Buy and a consensus price target of $71.00.
SanDisk Corporation designs, develops and manufactures data storage solutions in a range of form factors using its flash memory, controller and firmware technologies.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.