Sanmina Corporation (SANM) Receives Analyst Rating

Sanmina Corporation (SANM) : 1 brokerage houses believe that Sanmina Corporation (SANM) is a Strong Buy at current levels. 2 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Sanmina Corporation (SANM). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 3 Wall Street Analysts endorse the stock as a Buy with a rating of 2.33.

Sanmina Corporation (SANM) : 3 Wall Street analysts covering Sanmina Corporation (SANM) believe that the average level the stock could reach for the short term is $28.33. The maximum price target given is $31 and the minimum target for short term is around $25, hence the standard deviation is calculated at $3.06.


Also, In a research note released to the investors, Craig-Hallum downgrades its rating on Sanmina Corporation (NASDAQ:SANM).The analysts at the brokerage house have a current rating of Hold on the shares. Earlier, the shares were rated a Buy by the brokerage firm. The rating by the firm was issued on July 26, 2016.

Sanmina Corporation (NASDAQ:SANM): After opening at $27.38, the stock dipped to an intraday low of $27.3 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $28.14 and the buying power remained strong till the end. The stock closed at $28.09 for the day, a gain of 2.78% for the day session. The total traded volume was 646,816. The stocks close on the previous trading day was $27.33.

Sanmina Corporation is a provider of integrated manufacturing solutions, components, products and repair, logistics and after-market services. The Company provides these offerings primarily to original equipment manufacturers (OEMs), in the communications networks, computing and storage, multimedia, industrial and semiconductor capital equipment, defense and aerospace, medical, clean technology (CleanTech) and automotive industries. Its operations are managed as two businesses such as Integrated Manufacturing Solutions (IMS) and Components, Products and Services (CPS). The Companys services include product design and engineering, including initial development, detailed design, prototyping, validation, preproduction services and manufacturing design release; manufacturing of components, subassemblies and complete systems; final system assembly and test, direct order fulfillment and logistics services, and after-market product service and support, and global supply chain management.

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