Pool Corp. Given New $59.00 Price Target at Robert W. Baird (POOL)
Robert W. Baird raised their price objective on shares of Pool Corp. (NASDAQ:POOL) from $56.00 to $59.00 in a research note issued on Friday, AnalystRatings.Net reports. The firm currently has a “neutral” rating on the stock. Robert W. Baird’s target price would suggest a potential upside of 7.21% from the company’s current price.
Pool Corp. (NASDAQ:POOL) traded up 0.84% on Friday, hitting $55.03. The stock had a trading volume of 156,772 shares. Pool Corp. has a 1-year low of $39.23 and a 1-year high of $58.87. The stock’s 50-day moving average is $54.63 and its 200-day moving average is $52.11. The company has a market cap of $2.566 billion and a price-to-earnings ratio of 31.15.
Pool Corp. (NASDAQ:POOL) last issued its quarterly earnings data on Thursday, July 18th. The company reported $1.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.40 by $0.01. The company had revenue of $790.40 million for the quarter, compared to the consensus estimate of $775.23 million. During the same quarter in the previous year, the company posted $1.34 earnings per share. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. On average, analysts predict that Pool Corp. will post $2.08 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Zacks upgraded shares of Pool Corp. (NASDAQ:POOL) from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday, September 17th. They now have a $58.00 price target on the stock. Finally, analysts at Wunderlich raised their price target on shares of Pool Corp. (NASDAQ:POOL) from $58.00 to $63.00 in a research note to investors on Wednesday, July 17th. They now have a “buy” rating on the stock. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Pool Corp. currently has an average rating of “Hold” and an average price target of $56.00.
Pool Corporation is a wholesale distributor of swimming pool supplies, equipment and related leisure products.
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