Blue Buffalo Pet Products, Inc. (BUFF) Reaches $31.06 High on Dec, 6; SMTC (SMTX) Sentiment Is 0.75

December 6, 2017 - By Nellie Frank

SMTC Corporation provides electronics manufacturing services worldwide. The company has market cap of $27.26 million. The firm offers end-to-end electronics manufacturing services, including product design

and engineering; printed circuit board assembly; production, enclosure, cable assembly, and precision metal fabrication; systems integration and testing; configuration to order; build to order; and direct order fulfillment services. It currently has negative earnings. It provides integrated contract manufacturing services to original equipment manufacturers and technology companies primarily in the industrial, networking and communications, power and energy, and medical market sectors.

The stock of Blue Buffalo Pet Products, Inc. (NASDAQ:BUFF) reached all time high today, Dec, 6 and still has $33.86 target or 9.00% above today’s $31.06 share price. This indicates more upside for the $6.07B company. This technical setup was reported by Barchart.com. If the $33.86 PT is reached, the company will be worth $545.85M more. The stock increased 1.34% or $0.41 during the last trading session, reaching $31.06. About 118,619 shares traded. Blue Buffalo Pet Products, Inc. (NASDAQ:BUFF) has declined 9.60% since December 6, 2016 and is downtrending. It has underperformed by 26.30% the S&P500.

Blue Buffalo Pet Products, Inc., through its subsidiary, Blue Buffalo Company, Ltd., operates as a pet food firm in the United States, Canada, Japan, and Mexico. The company has market cap of $6.07 billion. The firm develops, produces, markets, and sells dog and cat food under the BLUE Life Protection Formula, BLUE Wilderness, BLUE Basics, BLUE Freedom, and BLUE Natural Veterinary Diet lines. It has a 35.7 P/E ratio. It also produces and sells cat litter under the BLUE Naturally Fresh line.

Among 15 analysts covering Blue Buffalo Pet Products (NASDAQ:BUFF), 10 have Buy rating, 0 Sell and 5 Hold. Therefore 67% are positive. Blue Buffalo Pet Products had 32 analyst reports since August 17, 2015 according to SRatingsIntel. On Monday, October 5 the stock rating was maintained by JP Morgan with “Overweight”. The stock of Blue Buffalo Pet Products, Inc. (NASDAQ:BUFF) has “Buy” rating given on Monday, August 17 by Citigroup. The rating was initiated by Oppenheimer on Friday, September 9 with “Outperform”. The firm has “Buy” rating given on Wednesday, October 5 by DA Davidson. As per Tuesday, November 10, the company rating was initiated by Wedbush. JP Morgan maintained Blue Buffalo Pet Products, Inc. (NASDAQ:BUFF) rating on Thursday, August 11. JP Morgan has “Overweight” rating and $33 target. The stock of Blue Buffalo Pet Products, Inc. (NASDAQ:BUFF) earned “Buy” rating by Citigroup on Monday, August 14. The rating was maintained by Wedbush on Thursday, August 11 with “Neutral”. The stock of Blue Buffalo Pet Products, Inc. (NASDAQ:BUFF) has “Buy” rating given on Wednesday, August 2 by Oppenheimer. JP Morgan initiated the shares of BUFF in report on Monday, August 17 with “Overweight” rating.

Analysts await Blue Buffalo Pet Products, Inc. (NASDAQ:BUFF) to report earnings on February, 27. They expect $0.21 EPS, up 16.67% or $0.03 from last year’s $0.18 per share. BUFF’s profit will be $41.01M for 36.98 P/E if the $0.21 EPS becomes a reality. After $0.27 actual EPS reported by Blue Buffalo Pet Products, Inc. for the previous quarter, Wall Street now forecasts -22.22% negative EPS growth.

It closed at $1.62 lastly. It is down 18.75% since December 6, 2016 and is downtrending. It has underperformed by 35.45% the S&P500.

Wynnefield Capital Inc holds 0.62% of its portfolio in SMTC Corporation for 1.43 million shares. Grt Capital Partners L.L.C. owns 38,545 shares or 0.03% of their US portfolio. Moreover, Gilman Hill Asset Management Llc has 0.01% invested in the company for 15,977 shares. The Massachusetts-based Acadian Asset Management Llc has invested 0% in the stock. Bridgeway Capital Management Inc, a Texas-based fund reported 170,000 shares.

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