Northwest Pipe Co. Sets New 1-Year High at $34.98 (NWPX)
Northwest Pipe (NASDAQ:NWPX) set a new 52-week high during trading hours on Friday, AR Network reports. The company traded as high as $34.98 and last traded at $34.87, with a volume of 19,672 shares. The stock had previously closed at $34.15.
Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of Northwest Pipe from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday. They now have a $36.30 price target on the stock. Separately, analysts at DA Davidson reiterated a “buy” rating on shares of Northwest Pipe in a research note to investors on Wednesday, October 2nd. They now have a $42.00 price target on the stock, up previously from $36.00. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $32.26.
Northwest Pipe has a 52 week low of $19.96 and a 52 week high of $35.25. The stock’s 50-day moving average is $30.88 and its 200-day moving average is $28.75. The company has a market cap of $333.0 million and a P/E ratio of 14.05.
Northwest Pipe (NASDAQ:NWPX) last announced its earnings results on Monday, August 5th. The company reported $0.59 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.24 by $0.35. The company had revenue of $116.70 million for the quarter, compared to the consensus estimate of $119.65 million. Analysts expect that Northwest Pipe will post $1.88 EPS for the current fiscal year.
Northwest Pipe Company is a manufacturer of large-diameter, high-pressure steel pipeline systems for use in waters infrastructure applications, primarily related to drinking water systems, and the Company also manufactures other welded steel pipe products for uses in a range of applications, including energy, construction, agriculture, and industrial uses.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.