Sandisk Corporation (NASDAQ:SNDK) Given Consensus Rating of “Moderate Buy” by Analysts

Sandisk Corporation (NASDAQ:SNDK) has received a consensus recommendation of “Moderate Buy” from the twenty ratings firms that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $92.6875.

Several research firms have commented on SNDK. Citigroup lifted their price target on Sandisk from $125.00 to $150.00 and gave the company a “buy” rating in a report on Monday, October 13th. Jefferies Financial Group began coverage on Sandisk in a research report on Monday, July 7th. They set a “buy” rating and a $60.00 price target on the stock. Zacks Research upgraded Sandisk from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 14th. Sanford C. Bernstein upgraded Sandisk to a “strong-buy” rating in a report on Tuesday, September 16th. Finally, Bank of America boosted their price target on Sandisk from $59.00 to $125.00 and gave the company a “buy” rating in a report on Tuesday, September 23rd.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Cromwell Holdings LLC acquired a new stake in shares of Sandisk in the third quarter valued at $39,000. True Wealth Design LLC acquired a new position in Sandisk during the third quarter valued at $40,000. Webster Bank N. A. bought a new stake in shares of Sandisk in the 3rd quarter valued at approximately $45,000. Global Retirement Partners LLC acquired a new position in shares of Sandisk during the 3rd quarter valued at about $49,000. Finally, Mather Group LLC. acquired a new position in shares of Sandisk during the 3rd quarter valued at about $60,000.

Sandisk Price Performance

Shares of NASDAQ SNDK opened at $186.16 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.56 and a quick ratio of 2.11. The stock has a fifty day moving average price of $95.26 and a 200 day moving average price of $59.23. Sandisk has a 1-year low of $27.89 and a 1-year high of $187.36. The company has a market cap of $27.25 billion and a PE ratio of -320.97.

About Sandisk

SanDisk Corporation offers flash storage solutions. The Company designs, develops and manufactures data storage solutions in a range of form factors using flash memory, controller, firmware and software technologies. The Company operates through flash memory storage products segment. Its solutions include a range of solid state drives (SSD), embedded products, removable cards, universal serial bus (USB), drives, wireless media drives, digital media players, and wafers and components.