Zacks: Northwest Pipe (NASDAQ:NWPX) Receives Consensus Recommendation of “Strong Buy” from Brokerages
Shares of Northwest Pipe (NASDAQ:NWPX) have earned a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy rating.
Brokerages have set a 1 year consensus price target of $30.00 for the company and are expecting that the company will post $0.39 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Northwest Pipe an industry rank of 156 out of 256 based on the ratings given to related companies.
Several equities analysts have recently issued reports on the company. ValuEngine lowered Northwest Pipe from a “buy” rating to a “hold” rating in a research report on Tuesday, May 28th. Zacks Investment Research upgraded Northwest Pipe from a “hold” rating to a “strong-buy” rating and set a $28.00 price objective for the company in a research report on Tuesday, March 19th.
Shares of Northwest Pipe stock traded down $0.19 during trading on Monday, hitting $24.80. 95 shares of the company were exchanged, compared to its average volume of 21,727. The company has a market capitalization of $241.75 million, a price-to-earnings ratio of -137.78, a P/E/G ratio of 1.49 and a beta of 0.76. Northwest Pipe has a 1-year low of $16.52 and a 1-year high of $26.48. The stock has a fifty day moving average price of $24.48.
Northwest Pipe (NASDAQ:NWPX) last posted its earnings results on Wednesday, May 8th. The industrial products company reported $0.22 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.04. The company had revenue of $62.64 million during the quarter, compared to analyst estimates of $55.00 million. Northwest Pipe had a return on equity of 0.83% and a net margin of 12.13%. As a group, research analysts expect that Northwest Pipe will post 1.68 EPS for the current fiscal year.
About Northwest Pipe
Northwest Pipe Company manufactures engineered welded steel pipe water systems in North America. It produces large-diameter, high-pressure, and engineered welded steel pipeline systems for use in drinking water infrastructure; and pipes for piling and hydroelectric projects, water and wastewater treatment plants, and other applications, as well as for industrial plant piping systems and structural applications.
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