SMART Global (NASDAQ:SGH) Price Target Raised to $60.00 at Deutsche Bank Aktiengesellschaft

SMART Global (NASDAQ:SGH) had its target price increased by Deutsche Bank Aktiengesellschaft from $48.00 to $60.00 in a report issued on Wednesday, The Fly reports. The firm currently has a buy rating on the stock.

Several other analysts have also recently commented on the stock. Stifel Nicolaus raised their target price on shares of SMART Global from $48.00 to $55.00 and gave the stock a buy rating in a research note on Wednesday, February 10th. Barclays began coverage on shares of SMART Global in a research note on Wednesday. They issued an overweight rating and a $60.00 target price for the company. Rosenblatt Securities raised their target price on shares of SMART Global from $45.00 to $55.00 and gave the stock a buy rating in a research note on Tuesday, January 5th. Zacks Investment Research upgraded shares of SMART Global from a sell rating to a hold rating in a research note on Wednesday, March 10th. Finally, Needham & Company LLC raised their price objective on shares of SMART Global from $39.00 to $56.00 and gave the company a buy rating in a research note on Wednesday, January 6th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. SMART Global currently has an average rating of Buy and an average price target of $54.58.

Shares of NASDAQ:SGH opened at $54.55 on Wednesday. SMART Global has a 1-year low of $20.66 and a 1-year high of $54.86. The stock has a market cap of $1.35 billion, a P/E ratio of 30.14 and a beta of 0.97. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.98 and a quick ratio of 1.46. The firm has a fifty day moving average price of $46.57 and a 200 day moving average price of $36.27.

SMART Global (NASDAQ:SGH) last released its earnings results on Monday, April 5th. The company reported $0.87 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.07. SMART Global had a net margin of 0.06% and a return on equity of 16.65%. The company had revenue of $304.00 million during the quarter, compared to analysts’ expectations of $295.57 million. During the same quarter last year, the business earned $0.52 EPS. The business’s revenue was up 11.8% on a year-over-year basis. Sell-side analysts expect that SMART Global will post 2.61 EPS for the current fiscal year.

In other SMART Global news, SVP Alan Marten sold 2,800 shares of the firm’s stock in a transaction dated Tuesday, January 19th. The shares were sold at an average price of $40.00, for a total transaction of $112,000.00. Following the completion of the transaction, the senior vice president now directly owns 118,466 shares in the company, valued at approximately $4,738,640. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Kiwan Kim sold 12,500 shares of the firm’s stock in a transaction dated Monday, February 8th. The shares were sold at an average price of $42.91, for a total transaction of $536,375.00. Following the transaction, the executive vice president now owns 57,685 shares of the company’s stock, valued at $2,475,263.35. The disclosure for this sale can be found here. Insiders sold 34,792 shares of company stock valued at $1,554,692 in the last quarter. Company insiders own 4.10% of the company’s stock.

Large investors have recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in SMART Global by 287.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,711 shares of the company’s stock valued at $64,000 after acquiring an additional 1,269 shares in the last quarter. Vantage Consulting Group Inc purchased a new stake in shares of SMART Global during the fourth quarter worth about $73,000. Public Employees Retirement System of Ohio purchased a new stake in shares of SMART Global during the fourth quarter worth about $134,000. Citigroup Inc. grew its holdings in shares of SMART Global by 274.1% during the fourth quarter. Citigroup Inc. now owns 3,610 shares of the company’s stock worth $136,000 after buying an additional 2,645 shares in the last quarter. Finally, Bailard Inc. purchased a new stake in shares of SMART Global during the fourth quarter worth about $211,000.

About SMART Global

SMART Global Holdings, Inc designs and manufactures electronic products focused in memory and computing technology areas. It offers dynamic random access memory (DRAM) modules for desktops, notebooks, and servers; and embedded and removable flash memory products; and flash component products, such as embedded multimedia controllers, and embedded and removal products in USB, CompactFlash and SD/microSD card configurations.

Featured Article: What is a bull market?

The Fly

Analyst Recommendations for SMART Global (NASDAQ:SGH)

Receive News & Ratings for SMART Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SMART Global and related companies with MarketBeat.com's FREE daily email newsletter.