Horsehead Holding Corp. PT Raised to $15.00 (ZINC)
Equities researchers at Stifel Nicolaus boosted their target price on shares of Horsehead Holding Corp. (NASDAQ:ZINC) from $13.00 to $15.00 in a research report issued on Monday, American Banking News reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price objective would indicate a potential upside of 13.90% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at CJS Securities downgraded shares of Horsehead Holding Corp. (NASDAQ:ZINC) to a “market perform” rating in a research note to investors on Tuesday, September 24th. Analysts at Sidoti downgraded shares of Horsehead Holding Corp. (NASDAQ:ZINC) from a “buy” rating to a “neutral” rating in a research note to investors on Monday, July 8th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $15.33.
Horsehead Holding Corp. (NASDAQ:ZINC) opened at 13.17 on Monday. Horsehead Holding Corp. has a 52 week low of $8.20 and a 52 week high of $14.09. The stock has a 50-day moving average of $12.68 and a 200-day moving average of $11.76. The company’s market cap is $580.9 million.
Horsehead Holding Corp. (NASDAQ:ZINC) last posted its quarterly earnings results on Monday, August 5th. The company reported ($0.02) EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.03 by $0.05. The company had revenue of $110.50 million for the quarter, compared to the consensus estimate of $107.87 million. During the same quarter in the prior year, the company posted $0.03 earnings per share. The company’s quarterly revenue was down 6.0% on a year-over-year basis. Analysts expect that Horsehead Holding Corp. will post $-0.02 EPS for the current fiscal year.
Horsehead Holding Corp. (NASDAQ:ZINC) is a producer of zinc and nickel-based products sold primarily to customers throughout the United States and Canada.
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