Powell Industries Given New $80.00 Price Target at DA Davidson (POWL)
Investment analysts at DA Davidson raised their price objective on shares of Powell Industries (NASDAQ:POWL) from $65.00 to $80.00 in a note issued to investors on Monday, StockRatingsNetwork.com reports. The firm currently has a “buy” rating on the stock. DA Davidson’s price objective would suggest a potential upside of 24.03% from the company’s current price.
Shares of Powell Industries (NASDAQ:POWL) traded down 0.65% on Monday, hitting $64.50. The stock had a trading volume of 24,239 shares. Powell Industries has a 52 week low of $37.00 and a 52 week high of $64.92. The stock has a 50-day moving average of $58.53 and a 200-day moving average of $52.70. The company has a market cap of $771.2 million and a P/E ratio of 22.06.
Powell Industries (NASDAQ:POWL) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.89 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.75 by $0.14. The company had revenue of $179.50 million for the quarter, compared to the consensus estimate of $193.52 million. During the same quarter last year, the company posted $1.02 earnings per share. Powell Industries’s revenue was down 7.5% compared to the same quarter last year. On average, analysts predict that Powell Industries will post $2.49 earnings per share for the current fiscal year.
Separately, analysts at Sidoti downgraded shares of Powell Industries from a “buy” rating to a “neutral” rating in a research note to investors on Monday.
Powell Industries, Inc (NASDAQ:POWL) develops, designs, manufactures and services custom engineered-to-order equipment and systems for the management and control of electrical energy and other critical processes.
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