Planar Systems, Inc. (NASDAQ:PLNR) a Hold: Roth Capital

In a research note issued to investors, Jeff Martin at Roth Capital Reiterated their Hold rating on Planar Systems, Inc. (NASDAQ:PLNR). The analyst placed a $5.50 price target on the stock which indicates a 27.91% upside to the last closing price. In the year following Martin’s ratings, the stocks covered yield an average return of 10.8% according to In the past year 16 out of 29 recommendations or 55% were successful.

Wall Street sell-side analysts have placed a $6.5 one year price target on Planar Systems, Inc. (NASDAQ:PLNR). This is the consensus average based on 4 firms who have recently issued reports on the equity.

The average recommendation is the arithmetical average of the individual analyst ratings contributed by sell-side research to produce a Consensus Analyst Rating for each stock. On a scale of 1 to 5 where 1 represents a Strong Buy and 5 represents a Strong Sell,Planar Systems, Inc. (NASDAQ:PLNR) is ranked 2.25 based on 4 broker recommendations. Of the 4 analyst estimates, the most bullish sees the stock reaching $7.5 within the next 12 months while the most bearish analyst sees the stock at $5.5 within the year.

Taking a look at the long term growth prospects of the stock, sell-side analysts have a consensus mean earnings per share estimate for the current year of $N/A. The high end estimate for this time frame is $N/A with the low being $N/A.

According to analysts, Planar Systems, Inc. (NASDAQ:PLNR) is expected to report earnings per share for the current fiscal quarter of $-0.04. This is the consensus mean estimate based on the individual covering sell-side firm’s reported numbers. The company last reported earnings for the period ending on 2015-03-31 of $0.04.

Planar Systems, Inc. (Planar) is a provider of specialty display products, solutions, and services for customers in a number of end-market segments. Products include display components, completed displays, and display solutions and systems based on a range of flat panel and front- and rear-projection technologies. Planar delivers products for a variety of uses and categorizes the markets it serves: custom and embedded, video wall, information technology, and high-end home. The Company has a global reach with sales offices in North America, Europe, and Asia and manufacturing facilities in Finland, France and North America. In November 2012, the Company sold its electroluminescent (EL) display business to Beneq Oy.

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