Gibraltar Industries Lowered to Hold at Thomson Reuters/Verus (ROCK)
Gibraltar Industries (NASDAQ:ROCK) was downgraded by investment analysts at Thomson Reuters/Verus from a “buy” rating to a “hold” rating in a note issued to investors on Monday, ARN reports.
Gibraltar Industries (NASDAQ:ROCK) traded down 1.21% during mid-day trading on Monday, hitting $14.64. The stock had a trading volume of 1,907 shares. Gibraltar Industries has a 1-year low of $11.96 and a 1-year high of $20.00. The stock has a 50-day moving average of $13.81 and a 200-day moving average of $15.59. The company has a market cap of $449.4 million and a P/E ratio of 61.24.
Gibraltar Industries (NASDAQ:ROCK) last released its earnings data on Thursday, August 1st. The company reported $0.26 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.32 by $0.06. The company had revenue of $224.50 million for the quarter, compared to the consensus estimate of $243.10 million. During the same quarter last year, the company posted $0.28 earnings per share. Gibraltar Industries’s revenue was up 2.2% compared to the same quarter last year. On average, analysts predict that Gibraltar Industries will post $0.61 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Zacks downgraded shares of Gibraltar Industries from a “neutral” rating to an “underperform” rating in a research note to investors on Tuesday, September 17th. They now have a $13.00 price target on the stock.
Gibraltar Industries, Inc is a manufacturer and distributor of products for the building and industrial markets.
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