Plantronics, Inc. (PLT) Reaches $64.76 High on Apr, 20; 1 Analysts Are Bullish Olympic Steel, Inc. (ZEUS) Last Week

April 20, 2018 - By Peter Erickson

Plantronics, Inc. (NYSE:PLT) Logo

Among 3 analysts covering Olympic Steel Inc (NASDAQ:ZEUS), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. Olympic Steel Inc had 21 analyst reports since July 22, 2015 according to SRatingsIntel. The stock has “Buy” rating by Jefferies on Wednesday, January 13. The rating was upgraded by Macquarie Research on Tuesday, March 14 to “Outperform”. The stock of Olympic Steel, Inc. (NASDAQ:ZEUS) earned “Hold” rating by KeyBanc Capital Markets on Thursday, October 19. On Friday, June 2 the stock rating was maintained by Jefferies with “Hold”. On Tuesday, November 8 the stock rating was downgraded by Macquarie Research to “Neutral”. Jefferies maintained it with “Hold” rating and $18.0 target in Wednesday, October 4 report. The firm earned “Hold” rating on Monday, March 5 by Jefferies. The firm has “Hold” rating given on Monday, March 21 by Jefferies. The rating was upgraded by KeyBanc Capital Markets to “Sector Weight” on Monday, September 19. Jefferies maintained the shares of ZEUS in report on Tuesday, January 9 with “Hold” rating. See Olympic Steel, Inc. (NASDAQ:ZEUS) latest ratings:

05/03/2018 Broker: Jefferies Rating: Hold New Target: $22.5 Maintain
09/01/2018 Broker: Jefferies Rating: Hold New Target: $23.0 Maintain

The stock of Plantronics, Inc. (NYSE:PLT) reached all time high today, Apr, 20 and still has $70.59 target or 9.00% above today’s $64.76 share price. This indicates more upside for the $2.09 billion company. This technical setup was reported by Barchart.com. If the $70.59 PT is reached, the company will be worth $187.74 million more. The stock decreased 0.32% or $0.21 during the last trading session, reaching $64.76. About 59,637 shares traded. Plantronics, Inc. (NYSE:PLT) has risen 2.93% since April 20, 2017 and is uptrending. It has underperformed by 8.62% the S&P500.

Olympic Steel, Inc. processes and distributes metal products in the United States and internationally. The company has market cap of $256.16 million. It operates in three divisions: Carbon Flat Products; Specialty Metals Flat Products; and Tubular and Pipe Products. It has a 13.98 P/E ratio. The Carbon Flat Products segment sells and distributes processed carbon and coated flat-rolled sheets, coil and plate products, and fabricated parts.

Investors sentiment increased to 1.5 in Q4 2017. Its up 0.55, from 0.95 in 2017Q3. It increased, as 6 investors sold Olympic Steel, Inc. shares while 26 reduced holdings. 19 funds opened positions while 29 raised stakes. 7.11 million shares or 0.65% more from 7.06 million shares in 2017Q3 were reported. Peak6 Investments Lp holds 0% of its portfolio in Olympic Steel, Inc. (NASDAQ:ZEUS) for 4,933 shares. Vanguard Group Incorporated owns 570,524 shares for 0% of their portfolio. Van Eck Assocs has 17,776 shares for 0% of their portfolio. Jpmorgan Chase Co reported 52,120 shares stake. Kistler reported 100 shares stake. D E Shaw & Communications reported 125,720 shares stake. 846 were reported by Ameritas Ptnrs Incorporated. Bluestein R H And Company owns 17,500 shares. Great West Life Assurance Can owns 11,248 shares or 0% of their US portfolio. 21,775 are owned by Leucadia Natl Corp. Arizona State Retirement reported 15,306 shares. 29,800 are held by Serv Automobile Association. Principal Fin Inc invested 0% of its portfolio in Olympic Steel, Inc. (NASDAQ:ZEUS). New York-based Amer Group Incorporated has invested 0% in Olympic Steel, Inc. (NASDAQ:ZEUS). Dimensional Fund Advsr Lp owns 925,093 shares for 0.01% of their portfolio.

The stock decreased 1.10% or $0.26 during the last trading session, reaching $23.29. About 17,273 shares traded. Olympic Steel, Inc. (NASDAQ:ZEUS) has risen 7.71% since April 20, 2017 and is uptrending. It has underperformed by 3.84% the S&P500.

Analysts await Plantronics, Inc. (NYSE:PLT) to report earnings on May, 7. They expect $0.62 earnings per share, up 1.64% or $0.01 from last year’s $0.61 per share. PLT’s profit will be $19.97 million for 26.11 P/E if the $0.62 EPS becomes a reality. After $0.77 actual earnings per share reported by Plantronics, Inc. for the previous quarter, Wall Street now forecasts -19.48% negative EPS growth.

Among 6 analysts covering Plantronics (NYSE:PLT), 3 have Buy rating, 0 Sell and 3 Hold. Therefore 50% are positive. Plantronics has $64.0 highest and $49 lowest target. $58.25’s average target is -10.05% below currents $64.76 stock price. Plantronics had 21 analyst reports since January 15, 2016 according to SRatingsIntel. The stock has “Hold” rating by J.P. Morgan on Friday, July 28. As per Thursday, March 29, the company rating was upgraded by Sidoti. The firm earned “Overweight” rating on Thursday, June 1 by JP Morgan. The firm has “Neutral” rating by JP Morgan given on Friday, July 28. The rating was maintained by Northland Capital with “Buy” on Monday, September 11. The stock of Plantronics, Inc. (NYSE:PLT) earned “Market Perform” rating by Raymond James on Wednesday, May 4. The rating was downgraded by JP Morgan to “Neutral” on Wednesday, November 2. Roth Capital maintained the shares of PLT in report on Wednesday, January 31 with “Buy” rating. Northland Capital maintained the shares of PLT in report on Wednesday, January 31 with “Buy” rating. The company was upgraded on Thursday, June 1 by J.P. Morgan.

Plantronics, Inc. designs, manufactures, and markets lightweight communications headsets, telephone headset systems, other communication endpoints, and accessories for the business and consumer markets under the Plantronics brand worldwide. The company has market cap of $2.09 billion. The firm also makes and markets specialty telephone products under the Clarity brand. It has a 238.09 P/E ratio. The Company’s primary products include corded and cordless communication headsets; audio processors; telephone systems; Bluetooth and corded products; personal computer and gaming headsets; and specialty products for hearing impaired individuals.

Investors sentiment decreased to 1.06 in Q4 2017. Its down 0.13, from 1.19 in 2017Q3. It dropped, as 13 investors sold Plantronics, Inc. shares while 69 reduced holdings. 38 funds opened positions while 49 raised stakes. 29.76 million shares or 0.41% more from 29.64 million shares in 2017Q3 were reported. Deutsche Bank & Trust Ag stated it has 148,462 shares. Bessemer Group holds 0.01% of its portfolio in Plantronics, Inc. (NYSE:PLT) for 30,600 shares. Systematic Financial Mgmt Limited Partnership, a New Jersey-based fund reported 29,090 shares. Suntrust Banks Inc stated it has 68,412 shares. Counsel Ltd Llc New York has 0.02% invested in Plantronics, Inc. (NYSE:PLT). D E Shaw invested in 80,115 shares. First Trust Advsrs Lp holds 0% or 27,673 shares in its portfolio. Ameritas Invest Ptnrs reported 12,649 shares. Comerica Fincl Bank has invested 0.04% in Plantronics, Inc. (NYSE:PLT). Glenmede Tru Comm Na stated it has 0% in Plantronics, Inc. (NYSE:PLT). Public Employees Retirement Association Of Colorado holds 0% or 6,343 shares in its portfolio. Old Natl National Bank In reported 0.02% of its portfolio in Plantronics, Inc. (NYSE:PLT). Manufacturers Life Insurance The reported 78,810 shares. California State Teachers Retirement Sys holds 52,199 shares. Blackrock holds 3.48M shares or 0.01% of its portfolio.

Since January 31, 2018, it had 0 insider purchases, and 8 sales for $376,445 activity. $1,694 worth of Plantronics, Inc. (NYSE:PLT) was sold by SARKAR SHANTANU. Another trade for 2,500 shares valued at $146,300 was made by DEXHEIMER BRIAN S on Wednesday, January 31.

Plantronics, Inc. (NYSE:PLT) Institutional Positions Chart

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