Plantronics, Inc. (PLT) PT Set at $55.00 by Roth Capital

Plantronics, Inc. (NYSE:PLT) has been given a $55.00 price objective by Roth Capital in a research note issued on Wednesday. The firm presently has a “buy” rating on the technology company’s stock. Roth Capital’s price objective would suggest a potential upside of 4.40% from the stock’s current price.

PLT has been the subject of a number of other reports. Zacks Investment Research upgraded Plantronics from a “sell” rating to a “hold” rating in a report on Tuesday, October 3rd. J P Morgan Chase & Co downgraded Plantronics from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $63.00 to $60.00 in a research note on Friday, July 28th. TheStreet downgraded Plantronics from a “b-” rating to a “c+” rating in a research note on Monday, August 21st. BidaskClub downgraded Plantronics from a “sell” rating to a “strong sell” rating in a research note on Wednesday, July 12th. Finally, Northland Securities set a $57.00 price target on Plantronics and gave the company a “buy” rating in a research note on Tuesday, July 25th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $57.33.

Plantronics announced that its board has initiated a share buyback plan on Thursday, July 27th that allows the company to repurchase 1,000,000 shares. This repurchase authorization allows the technology company to repurchase shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

COPYRIGHT VIOLATION WARNING: This article was first posted by Community Financial News and is owned by of Community Financial News. If you are accessing this article on another publication, it was illegally stolen and reposted in violation of U.S. and international trademark and copyright laws. The correct version of this article can be viewed at https://www.com-unik.info/2017/11/03/plantronics-inc-plt-pt-set-at-55-00-by-roth-capital.html.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. lifted its position in shares of Plantronics by 23,139.5% in the first quarter. BlackRock Inc. now owns 3,456,643 shares of the technology company’s stock valued at $187,037,000 after buying an additional 3,441,769 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Plantronics by 1.3% in the second quarter. Vanguard Group Inc. now owns 2,762,404 shares of the technology company’s stock valued at $144,502,000 after buying an additional 34,223 shares during the last quarter. State Street Corp lifted its position in shares of Plantronics by 3.2% in the second quarter. State Street Corp now owns 1,221,003 shares of the technology company’s stock valued at $63,875,000 after buying an additional 38,421 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Plantronics by 1.9% in the second quarter. Dimensional Fund Advisors LP now owns 840,561 shares of the technology company’s stock valued at $43,970,000 after buying an additional 15,332 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of Plantronics by 1.9% in the second quarter. Bank of New York Mellon Corp now owns 795,627 shares of the technology company’s stock valued at $41,619,000 after buying an additional 15,096 shares during the last quarter. 91.07% of the stock is owned by institutional investors.

Plantronics Company Profile

Plantronics, Inc (Plantronics) is engaged in the design, manufacture, and distribution of headsets for business and consumer applications, and other specialty products for the hearing impaired. The Company is a global designer, manufacturer and marketer of communications headsets, telephone headset systems, other communication endpoints and accessories for the business and consumer markets.

What are top analysts saying about Plantronics Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Plantronics Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit