PENG (NASDAQ:PENG) Now Covered by The Goldman Sachs Group

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

PENG has been the subject of several other research reports. Barclays dropped their target price on shares of PENG from $27.00 to $22.00 and set an “overweight” rating for the company in a research report on Wednesday, October 16th. Stifel Nicolaus lowered 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 note on Wednesday, October 16th.

PENG Stock Up 4.5 %

Shares of NASDAQ PENG opened at $16.69 on Friday. The company has a debt-to-equity ratio of 1.65, a quick ratio of 2.19 and a current ratio of 2.65. The stock has a market capitalization of $889.41 million, a PE ratio of -16.69 and a beta of 1.70. PENG has a 1 year low of $14.47 and a 1 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.