Smart Global Holdings (SGH) Getting Somewhat Favorable Press Coverage, Analysis Finds
Press coverage about Smart Global Holdings (NYSE:SGH) has trended somewhat positive on Saturday, Accern Sentiment Analysis reports. Accern identifies positive and negative media coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Smart Global Holdings earned a coverage optimism score of 0.20 on Accern’s scale. Accern also assigned headlines about the company an impact score of 47.0520376059834 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the news headlines that may have effected Accern Sentiment Analysis’s scoring:
- Smart Global Holdings Inc (SGH) PT Raised to $28.00 at Barclays PLC (americanbankingnews.com)
- Smart Global Holdings Inc: Rises on Q4 results beat (timesofindia.indiatimes.com)
- Smart Global Holdings Inc (SGH) Price Target Increased to $33.00 by Analysts at Needham & Company LLC (americanbankingnews.com)
- Smart Global Holdings Inc (SGH) Issues Quarterly Earnings Results (americanbankingnews.com)
- SMART Global Holdings Reports Fourth Quarter and Full Year Fiscal 2017 Financial Results (tmcnet.com)
Shares of Smart Global Holdings (NYSE:SGH) traded up 19.02% during mid-day trading on Friday, reaching $26.78. 1,273,859 shares of the company were exchanged. The stock has a market capitalization of $580.51 million and a P/E ratio of 382.57. Smart Global Holdings has a 12 month low of $11.50 and a 12 month high of $27.08. The stock has a 50 day moving average price of $19.81 and a 200-day moving average price of $17.32.
Smart Global Holdings (NYSE:SGH) last announced its earnings results on Thursday, September 28th. The company reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.15. The business had revenue of $223.00 million for the quarter, compared to analysts’ expectations of $210.54 million. Smart Global Holdings had a net margin of 3.84% and a return on equity of 132.75%. The firm’s revenue was up 52.5% compared to the same quarter last year. Analysts predict that Smart Global Holdings will post $2.80 earnings per share for the current year.
A number of research firms have recently weighed in on SGH. Needham & Company LLC increased their price objective on shares of Smart Global Holdings from $23.00 to $33.00 and gave the stock a “strong-buy” rating in a research note on Friday. Barclays PLC increased their price objective on shares of Smart Global Holdings from $19.00 to $28.00 and gave the stock a “positive” rating in a research note on Friday. Stifel Nicolaus reiterated a “buy” rating on shares of Smart Global Holdings in a research note on Thursday. Deutsche Bank AG reiterated a “buy” rating and issued a $25.00 price objective (up previously from $20.00) on shares of Smart Global Holdings in a research note on Thursday, September 14th. Finally, Roth Capital reiterated a “buy” rating and issued a $30.00 price objective (up previously from $24.00) on shares of Smart Global Holdings in a research note on Friday, September 8th. One research analyst has rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $27.67.
ILLEGAL ACTIVITY WARNING: This story was posted by Watch List News and is the sole property of of Watch List News. If you are accessing this story on another publication, it was illegally stolen and reposted in violation of US and international trademark and copyright law. The legal version of this story can be read at https://www.watchlistnews.com/smart-global-holdings-sgh-getting-somewhat-favorable-press-coverage-analysis-finds/1599338.html.
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.
Receive News & Ratings for Smart Global Holdings Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Smart Global Holdings Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.