Zacks Rating on Sanmina Corporation (SANM)

Sanmina Corporation (SANM) : 3 analysts are covering Sanmina Corporation (SANM) and their average rating on the stock is 2.33, which is read as a Buy. 1 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 2 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Sanmina Corporation (SANM) : The highest short term price target forecast on Sanmina Corporation (SANM) is $31 and the lowest target price is $25. A total of 3 equity analysts are currently covering the company. The average price of all the analysts is $28.33 with a standard deviation of $3.06.


Shares of Sanmina Corporation appreciated by 1.03% during the last five trading days but lost 9.09% on a 4-week basis. Sanmina Corporation is up 1.77% in the last 3-month period. Year-to-Date the stock performance stands at 28.72%. Sanmina Corporation (NASDAQ:SANM): stock turned positive on Tuesday. Though the stock opened at $26.48, the bulls momentum made the stock top out at $26.64 level for the day. The stock recorded a low of $26.26 and closed the trading day at $26.49, in the green by 0.68%. The total traded volume for the day was 341,226. The stock had closed at $26.31 in the previous days trading.

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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