Top Stock Picks for the Day: Pure Storage, Inc. (PSTG), Cypress Semiconductor Corporation (CY) – AllStockNews

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Pure Storage, Inc. (NYSE:PSTG) shares were trading lower by -0.3 percent ($-0.05) at $16.78 a piece in Monday’s session. It had closed the previous session at $16.83. PSTG trades with a P/S ratio of 4.2. This compares with the industry’s 1.82 and the wider sector’s 2.86. A low price-to-sales ratio, typically less than 1.0, is considered a good value. Also, it has an estimated price-earnings (P/E) multiple of 453.51. Shares of PSTG have uptrended 33.07% in the past three months, while the S&P 500 has moved 25.58% in that time. Pure Storage, Inc. (PSTG) has a market cap of $3.5 billion and over the last 12 months, Pure Storage, Inc. (NYSE:PSTG) has gone stronger by 19.01%. During the last 52 weeks, the (NYSE:PSTG) price has been as high as $16.87 and as low as $9.12. Pure Storage, Inc. earnings have declined with an annualized rate of 0% over the last 5 years.

Pure Storage, Inc. (Mean Target Price: $17.22)

The average 1-year price target for Pure Storage, Inc. (PSTG) — averaging the work of different analysts — reveals a mean PT of $17.22/share. That’s a potential 2.62 increase relative to where Pure Storage, Inc. (NYSE:PSTG) has been trading recently. The current price is seen ranging between $16.64 and $16.85. There are brokerage firms with lower targets than the average, including one setting a price target of $14. And then on the other side of the spectrum one analyst entrenched in the bullish camp has a target as high as $22.

Pure Storage, Inc. (PSTG) Consensus Recommendation

The collective rating of 2.1 for Pure Storage, Inc. (NYSE:PSTG) also leans strongly towards the neutral end of the spectrum. Of the 19 analysts surveyed by Reuters that track PSTG 6 of them rate its stock a hold. The other 13, though not evenly; between analysts who think you should buy Pure Storage, Inc. versus those who think you should sell it. A 13 analysts rate it as either a buy or a strong buy, while0 believe that investors should either steer clear of PSTG or, if they already own its stock, sell it.

Is Cypress Semiconductor Corporation (NASDAQ:CY) Cheap From Peers?

Cypress Semiconductor Corporation (CY) knifed -0.29 percent lower and now trades for $16.92. CY comes in with a P/S ratio of 2.46 that’s greater than 1, potentially implying that it could be expensive relative to the overall sector (2.86) and its peers (16.87). Also, it has an estimated price-earnings (P/E) multiple of 14.18 . During the last 52 weeks, the price has been as high as $17.15 and as low as $10.19. Cypress Semiconductor Corporation (NASDAQ:CY) earnings have risen with a quarterly rate of 14.1% over the last 5 years. Shares of CY have increased 25.06% in the past three monthswhile the S&P 500 has gained 20.81% in that time.

Cypress Semiconductor Corporation (Price Objective: $17.92)

Cypress Semiconductor Corporation (NASDAQ:CY) has a market cap of $5.57 billion and over the last 12 months, CY has risen by 60.38%. The average 1-year price target for (CY) reveals an average price target of $17.92 per share. That’s a potential 5.91 gain from where (NASDAQ:CY) has been trading recently. There are brokerage firms with lower targets than the average, including one setting a price target of $13. And then on the other side of the spectrum one analyst entrenched in the bullish camp has a target as high as $21.

Analyst Thoughts About Cypress Semiconductor Corporation (NASDAQ:CY)

The consensus recommendation — averaging the work of 13 analysts — of 2.4 for Cypress Semiconductor Corporation (CY) points to moderate case. Of the analysts surveyed by Reuters that track Cypress Semiconductor Corporation 4 of them rate its stock a hold. The other 9 are split, though not evenly, between analysts who think you should buy its stock versus those who think you should sell it. A 8 analysts rate it as either a buy or a strong buy, while 1 believe that investors should either steer clear of (NASDAQ:CY) or, if they already own its stock, sell it.

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