PENG (NASDAQ:PENG) Earns Buy Rating from Analysts at The Goldman Sachs Group

The Goldman Sachs Group initiated coverage on shares of PENG (NASDAQ:PENG) in a research note released on Friday morning, MarketBeat.com reports. The brokerage issued a buy rating and a $21.00 price objective on the stock.

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

PENG Stock Performance

Shares of PENG stock opened at $15.97 on Friday. The firm has a market cap of $851.04 million, a PE ratio of -15.97 and a beta of 1.70. 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 one year low of $13.44 and a one year high of $29.81.

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.