Blount International Stock Rating Upgraded by Zacks (BLT)
Blount International (NYSE:BLT) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a report issued on Tuesday, AnalystRatings.Net reports. The firm currently has a $12.00 price target on the stock. Zacks‘ price objective suggests a potential upside of 3.36% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at TheStreet downgraded shares of Blount International from a “buy” rating to a “hold” rating in a research note to investors on Wednesday, September 25th. Separately, analysts at William Blair cut their price target on shares of Blount International from $13.00 to $11.00 in a research note to investors on Thursday, August 8th. Finally, analysts at KeyCorp downgraded shares of Blount International from a “buy” rating to a “hold” rating in a research note to investors on Wednesday, August 7th. Four equities research analysts have rated the stock with a hold rating, The company has an average rating of “Hold” and an average price target of $13.67.
Blount International (NYSE:BLT) traded down 1.19% during mid-day trading on Tuesday, hitting $11.61. 252,512 shares of the company’s stock traded hands. Blount International has a 52 week low of $10.52 and a 52 week high of $17.49. The stock’s 50-day moving average is $11.98 and its 200-day moving average is $12.76. The company has a market cap of $573.9 million and a price-to-earnings ratio of 15.06.
Blount International (NYSE:BLT) last announced its earnings results on Wednesday, August 7th. The company reported $0.19 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.24 by $0.05. The company had revenue of $220.40 million for the quarter, compared to the consensus estimate of $240.30 million. During the same quarter last year, the company posted $0.26 earnings per share. Blount International’s revenue was down 7.8% compared to the same quarter last year. On average, analysts predict that Blount International will post $0.73 earnings per share for the current fiscal year.
Blount International, Inc (NYSE:BLT) is a global industrial company.
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