Benchmark Electronics, Inc. (NYSE:BHE):
Benchmark Electronics Appoints Bruce Carlson to the Board of Directors.
The company is now up from yesterday’s close of $32.8.
Benchmark Electronics, Inc. (Benchmark), launched on October 21, 1981, is a provider of electronic manufacturing services. The Company operates through three operating segments: Americas, Asia, and Europe. The Company provides its services to original equipment manufacturers (OEMs) of industrial control equipment, including equipment for the aerospace and defense industry; telecommunication equipment; computers and related products for business enterprises; medical devices, and testing and instrumentation products. The Company offers integrated design and manufacturing services, from initial product design to volume production, including direct order fulfillment and post-deployment services. It has manufacturing facilities in the United States, Mexico, Asia and Europe..
Shares last traded at $33.45 slightly over the 50 day moving average of $32.72 and which is just over the 200 day moving average of $31.61. The 50 day moving average was up $0.73 or +2.22% and the 200 day average went up by +5.81%.
The company’s P/E ratio is 26.55 and market cap is 1.66B. As of the last earnings report the EPS was $1.26 and is projected to be $1.47 for the current year with 49,735,000 shares outstanding. Analysts expect next quarter’s EPS to be $0.37 and the next full year EPS is projected to be $1.68.
Several analysts have provided guidance on BHE recently. On October 21 the stock rating was downgraded to “Sell” from “” in a report from Cross Research. On April 22 the company was downgraded from “Buy” to “Neutral” and a price target of $19.00 was set by B. Riley.
B. Riley both downgraded the stock and lowered the price target on April 22 changing the price target from $25.00 to $19.00 and changing the rating from “Buy” to “Neutral”. On July 23 the stock rating was upgraded from “Market Perform” to “Outperform” in a report issued by Raymond James.
Equity analyst B. Riley started covering the stock giving it an initial rating of “Buy” and a price target of $25.00. On July 2 the company was changed to a “Neutral” by Citigroup up from the previous “Sell” rating.Advertisement