SanDisk Corp. (SNDK)

[chmcnfunds]

Lazard Reiterates “Buy” Rating on SanDisk (SNDK)
December 4th, 2012

SanDisk (NASDAQ: SNDK)‘s stock had its “buy” rating reaffirmed by Lazard in a research note issued on Tuesday. They currently have a $55.00 price target on the stock.

Other equities research analysts have also recently issued reports about the stock. Analysts at Credit Suisse initiated coverage on shares of SanDisk in a research note to investors on Monday, November 26th. They set an “outperform” rating and a $50.00 price target on the stock. Separately, analysts at Sanford C. Bernstein upgraded shares of SanDisk to an “outperform” rating in a research note to investors on Wednesday, November 21st. They now have a $60.00 price target on the stock. Finally, analysts at Nomura reiterated a “buy” rating on shares of SanDisk in a research note to investors on Monday, November 19th. They now have a $52.00 price target on the stock.

SanDisk opened at 39.53 on Tuesday. SanDisk has a 1-year low of $30.99 and a 1-year high of $53.08. The company has a market cap of $9.558 billion and a price-to-earnings ratio of 20.05.

SanDisk last issued its quarterly earnings data on Thursday, October 18th. The company reported $0.48 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.34 by $0.14. The company’s revenue for the quarter was down 10.1% on a year-over-year basis. On average, analysts predict that SanDisk will post $2.03 earnings per share for the current fiscal year.

SanDisk Corporation designs, develops and manufactures data storage solutions in a range of form factors using its flash memory, controller and firmware technologies.
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