Brokerages Set $12.50 Price Target for Culp, Inc. (NYSE:CULP)
Culp, Inc. (NYSE:CULP) has earned a consensus broker rating score of 1.50 (Buy) from the two analysts that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a buy rating and one has issued a strong buy rating on the company. Culp’s rating score has improved by 40% in the last 90 days as a result of a number of analysts’ upgrades and downgrades.
Analysts have set a 12 month consensus price target of $12.50 for the company and are anticipating that the company will post ($0.16) EPS for the current quarter, according to Zacks. Zacks has also given Culp an industry rank of 96 out of 254 based on the ratings given to its competitors.
Several equities research analysts recently issued reports on the company. ValuEngine raised Culp from a “sell” rating to a “hold” rating in a research note on Friday, May 1st. Stifel Nicolaus raised Culp from a “hold” rating to a “buy” rating and raised their price objective for the company from $8.00 to $13.00 in a research note on Thursday, May 28th. Finally, Zacks Investment Research raised Culp from a “hold” rating to a “buy” rating and set a $9.50 price objective on the stock in a research note on Tuesday, June 9th.
Shares of CULP stock traded up $0.26 on Monday, hitting $8.03. 1,420,753 shares of the stock traded hands, compared to its average volume of 156,205. Culp has a 1-year low of $5.28 and a 1-year high of $19.63. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.68 and a quick ratio of 1.93. The company’s fifty day moving average is $7.11 and its 200 day moving average is $9.74. The company has a market capitalization of $95.37 million, a PE ratio of 42.26 and a beta of 0.86.
Culp Company Profile
Culp, Inc manufactures, sources, markets, and sells mattress fabrics, sewn covers, and cut and sewn kits for use in mattresses, foundations, and other bedding products in North America, the Far East, Asia, and internationally. It operates in two segments, Mattress Fabrics and Upholstery Fabrics. The Mattress Fabrics segment offers woven jacquard, knitted, and converted fabrics for use in the production of bedding products, including mattresses, box springs, foundations, and top of bed components.
Featured Article: Certificate of Deposit (CD) For Risk Adverse Investors?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Culp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Culp and related companies with MarketBeat.com's FREE daily email newsletter.