Imperial Capital Increases Quanex Building Products Corp. Price Target to $23.00 (NX)
Equities researchers at Imperial Capital raised their price objective on shares of Quanex Building Products Corp. (NYSE:NX) from $20.00 to $23.00 in a research report issued on Friday, Stock Ratings Network reports. The firm currently has an “outperform” rating on the stock. Imperial Capital’s price target would indicate a potential upside of 18.92% from the company’s current price.
NX has been the subject of a number of other recent research reports. Analysts at Davenport initiated coverage on shares of Quanex Building Products Corp. (NYSE:NX) in a research note to investors on Thursday, August 22nd. They set a “neutral” rating on the stock. Analysts at Sidoti upgraded shares of Quanex Building Products Corp. (NYSE:NX) from a “neutral” rating to a “buy” rating in a research note to investors on Friday, June 28th.
Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Quanex Building Products Corp. has an average rating of “Buy” and a consensus price target of $21.00.
Shares of Quanex Building Products Corp. (NYSE:NX) traded down 0.41% during mid-day trading on Friday, hitting $19.26. 59,962 shares of the company’s stock traded hands. Quanex Building Products Corp. has a one year low of $15.37 and a one year high of $22.27. The stock’s 50-day moving average is $17.76 and its 200-day moving average is $17.31. The company’s market cap is $710.0 million.
Quanex Building Products Corp. (NYSE:NX) last released its earnings data on Wednesday, September 4th. The company reported $0.13 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.11 by $0.02. The company had revenue of $259.20 million for the quarter, compared to the consensus estimate of $265.21 million. During the same quarter in the prior year, the company posted $0.12 earnings per share. The company’s quarterly revenue was up 9.0% on a year-over-year basis. Analysts expect that Quanex Building Products Corp. will post $-0.10 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, September 30th. Investors of record on Monday, September 16th will be given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date of this dividend is Thursday, September 12th.
Quanex Building Products Corporation (NYSE:NX) operates in two business segments: Engineered Products and Aluminum Sheet Products.
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