Zoltek Cos. Price Target Raised to $16.75 at DA Davidson (ZOLT)
Research analysts at DA Davidson lifted their price objective on shares of Zoltek Cos. (NASDAQ:ZOLT) from $14.00 to $16.75 in a report released on Monday, AnalystRatings.Net reports. The firm currently has a “neutral” rating on the stock. DA Davidson’s target price would indicate a potential upside of 0.54% from the company’s current price.
Shares of Zoltek Cos. (NASDAQ:ZOLT) traded down 0.54% during mid-day trading on Monday, hitting $16.66. The stock had a trading volume of 393,609 shares. Zoltek Cos. has a 1-year low of $6.02 and a 1-year high of $19.09. The stock’s 50-day moving average is $14.85 and its 200-day moving average is $13.57. The company has a market cap of $572.9 million and a P/E ratio of 59.82.
Zoltek Cos. (NASDAQ:ZOLT) last issued its quarterly earnings data on Friday, August 9th. The company reported ($0.03) EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.09 by $0.12. The company had revenue of $30.30 million for the quarter, compared to the consensus estimate of $36.00 million. During the same quarter in the prior year, the company posted $0.16 earnings per share. The company’s quarterly revenue was down 37.0% on a year-over-year basis.
Separately, analysts at Dougherty & Co downgraded shares of Zoltek Cos. from a “neutral” rating to a “sell” rating in a research note to investors on Friday, September 27th. They now have a $16.75 price target on the stock.
Zoltek Companies, Inc is a holding company, which operates through wholly owned subsidiaries, Zoltek Corporation, Zoltek Zrt.
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