PENG (NASDAQ:PENG) Now Covered by Analysts at The Goldman Sachs Group

The Goldman Sachs Group started coverage on shares of PENG (NASDAQ:PENG) in a report released on Friday, MarketBeat Ratings reports. The brokerage issued a buy rating and a $21.00 target price on the stock.

Several other brokerages have also recently commented on PENG. Stifel Nicolaus lowered their price target on PENG from $32.00 to $27.00 and set a “buy” rating for the company in a research note on Wednesday, October 16th. Needham & Company LLC cut their price target on shares of PENG from $35.00 to $25.00 and set a “buy” rating on the stock in a report on Wednesday, October 16th. Finally, Barclays decreased their price objective on shares of PENG from $27.00 to $22.00 and set an “overweight” rating for the company in a report on Wednesday, October 16th.

PENG Stock Performance

PENG stock opened at $16.69 on Friday. The company has a debt-to-equity ratio of 1.65, a quick ratio of 2.19 and a current ratio of 2.65. PENG has a 12 month low of $14.47 and a 12 month high of $29.81. The firm has a market cap of $889.41 million, a PE ratio of -16.69 and a beta of 1.70.

PENG Company Profile

SMART Global Holdings, Inc, a memory-focused company, engages in the designing and development of enterprise solutions in the United States, China, Europe, and internationally. It operates through Memory Solutions, Intelligent Platform Solutions, and LED Solutions segments. The company offers dynamic random access memory modules, solid-state and flash storage, and other advanced memory solutions for networking and telecom, data analytics, artificial intelligence and machine learning applications; and supply chain services including procurement, logistics, inventory management, temporary warehousing, programming, kitting, and packaging services.