Pike Electric Corp. Coverage Initiated by Analysts at Jefferies Group (PIKE)
Stock analysts at Jefferies Group assumed coverage on shares of Pike Electric Corp. (NASDAQ:PIKE) in a report issued on Wednesday, TheFlyOnTheWall.com reports. The firm set a “hold” rating on the stock.
Pike Electric Corp. (NASDAQ:PIKE) opened at 10.33 on Wednesday. Pike Electric Corp. has a 1-year low of $7.55 and a 1-year high of $15.95. The stock has a 50-day moving average of $11.10 and a 200-day moving average of $12.61. The company has a market cap of $328.1 million and a price-to-earnings ratio of 10.03.
Pike Electric Corp. (NASDAQ:PIKE) last released its earnings data on Tuesday, September 3rd. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by $0.05. The company had revenue of $200.20 million for the quarter, compared to the consensus estimate of $210.68 million. During the same quarter in the previous year, the company posted $0.04 earnings per share. The company’s revenue for the quarter was up 12.1% on a year-over-year basis.
Other equities research analysts have also recently issued reports about the stock. Analysts at FBR Capital Markets cut their price target on shares of Pike Electric Corp. from $17.00 to $15.00 in a research note to investors on Thursday, September 5th. They now have an “outperform” rating on the stock. Analysts at Zacks upgraded shares of Pike Electric Corp. from a “neutral” rating to an “outperform” rating in a research note to investors on Thursday, July 18th. They now have a $14.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $14.30.
Pike Electric Corporation (NASDAQ:PIKE), provides energy solutions for investor-owned, municipal and co-operative utilities in the United States.
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