Zacks upgraded shares of Planar Systems (NASDAQ:PLNR) from a sell rating to a hold rating in a research report sent to investors on Wednesday morning, Marketbeat.com reports.
According to Zacks, “Planar Systems, Inc. is a leading provider of valued-added display hardware and software for a variety of specialty display markets worldwide. Hospitals, shopping centers, banks, businesses and other discriminating consumers depend on Planar to provide unique display-based solutions to exacting requirements, leveraging its operational excellence, technical innovation and go-to-market capabilities. Planar is headquartered in Oregon, with offices, manufacturing partners and customers worldwide. “
Zacks has also taken action a number of other information technology stocks recently. The firm downgraded shares of Pearson PLC from a strong-buy rating to a sell rating. Also, Zacks downgraded shares of Precision Drilling Corp from a buy rating to a hold rating. Finally, Zacks upgraded shares of Mobile TeleSystems OJSC from a hold rating to a buy rating. Zacks now has a $9.25 price target on that stock.
PLNR has been the subject of a number of other recent research reports. Analysts at B. Riley upgraded shares of Planar Systems from a neutral rating to a buy rating and set a $6.00 price target on the stock in a research note on Tuesday, June 16th. They noted that the move was a valuation call. Separately, analysts at Roth Capital set a $5.50 price target on shares of Planar Systems and gave the company a hold rating in a research note on Friday, May 8th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Planar Systems presently has an average rating of Buy and a consensus price target of $7.22.
Shares of Planar Systems (NASDAQ:PLNR) traded down 0.24% on Wednesday, hitting $4.23. 61,191 shares of the company’s stock traded hands. Planar Systems has a 52-week low of $2.46 and a 52-week high of $9.17. The stock has a 50-day moving average of $4.35 and a 200-day moving average of $5.96. The company has a market cap of $95.72 million and a P/E ratio of 12.09.
Planar Systems (NASDAQ:PLNR) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.08 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.08. The company had revenue of $49.17 million for the quarter, compared to the consensus estimate of $48.30 million. During the same quarter in the previous year, the company posted $0.03 earnings per share. The company’s revenue for the quarter was up 19.7% on a year-over-year basis. On average, analysts predict that Planar Systems will post $0.34 earnings per share for the current fiscal year.
Planar Systems, Inc. is engaged in developing, manufacturing and marketing electronic display products and systems. These display products and systems are primarily tiled liquid crystal display (NASDAQ:PLNR) systems, signage monitors, touch monitors, desktop monitors, rear-projection cubes, custom commercial and industrial displays, and home theater projection systems. The Company has a global reach with sales offices in North America, Europe, and Asia and manufacturing facilities in the United States and France. Planar provides solutions for display applications for the digital signage market utilizing a variety of technologies and products. The Commercial and Industrial display markets that the Company addresses are relatively mature. The Company serves these markets with a range of solutions including rear-projection cube displays, touch monitor displays, desktop monitor displays, custom commercial and industrial displays, high-end home displays and electroluminescent (EL) displays.