Smart Global Holdings Inc (NYSE:SGH) has been given a consensus recommendation of “Buy” by the seven analysts that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation, five have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $21.83.

A number of equities analysts recently weighed in on SGH shares. Stifel Nicolaus started coverage on shares of Smart Global Holdings in a report on Monday, June 19th. They set a “buy” rating and a $27.00 target price on the stock. Jefferies Group LLC started coverage on shares of Smart Global Holdings in a report on Monday, June 19th. They set a “buy” rating and a $21.00 target price on the stock. Deutsche Bank AG started coverage on shares of Smart Global Holdings in a report on Monday, June 19th. They set a “buy” rating and a $18.00 target price on the stock. Roth Capital started coverage on shares of Smart Global Holdings in a report on Monday, June 19th. They set a “buy” rating and a $24.00 target price on the stock. Finally, Zacks Investment Research downgraded shares of Smart Global Holdings from a “buy” rating to a “hold” rating in a report on Tuesday, August 22nd.

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Smart Global Holdings (NYSE SGH) traded up 5.08% on Friday, reaching $20.88. 368,574 shares of the company’s stock traded hands. The stock’s 50 day moving average is $18.10 and its 200 day moving average is $16.54. The firm has a market cap of $452.62 million and a price-to-earnings ratio of 298.29. Smart Global Holdings has a 52-week low of $11.50 and a 52-week high of $21.74.

Smart Global Holdings (NYSE:SGH) last issued its earnings results on Thursday, June 22nd. The company reported $0.54 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.55 by $0.01. The firm had revenue of $206.97 million for the quarter, compared to analyst estimates of $202.87 million. Smart Global Holdings had a return on equity of 132.75% and a net margin of 3.84%. The business’s revenue for the quarter was up 38.3% compared to the same quarter last year. On average, equities research analysts predict that Smart Global Holdings will post $1.63 EPS for the current fiscal year.

Several large investors have recently made changes to their positions in SGH. Spark Investment Management LLC acquired a new stake in shares of Smart Global Holdings during the second quarter worth about $184,000. Canada Pension Plan Investment Board acquired a new stake in shares of Smart Global Holdings during the second quarter worth about $10,231,000. Symphony Asset Management LLC acquired a new stake in shares of Smart Global Holdings during the second quarter worth about $1,286,000. Ameriprise Financial Inc. acquired a new stake in shares of Smart Global Holdings during the second quarter worth about $7,126,000. Finally, Laurion Capital Management LP acquired a new stake in shares of Smart Global Holdings during the second quarter worth about $324,000.

About Smart Global Holdings

Smart Global Holdings Inc is a holding company. The Company through its subsidiaries provides specialty memory solutions. The Company manufactures memory for desktops, notebooks, servers and mobile memory for smartphones. The Company also serves original equipment manufacturer (OEM), customers to develop memory solutions.

Analyst Recommendations for Smart Global Holdings (NYSE:SGH)

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