American Woodmark Corp. Rating Lowered to Neutral at Zacks (AMWD)
American Woodmark Corp. (NASDAQ:AMWD) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research note issued to investors on Tuesday, Analyst Ratings.Net reports. They currently have a $41.40 price target on the stock. Zacks‘ target price would indicate a potential upside of 16.55% from the company’s current price.
American Woodmark Corp. (NASDAQ:AMWD) traded down 0.62% during mid-day trading on Tuesday, hitting $35.52. 107,997 shares of the company’s stock traded hands. American Woodmark Corp. has a 52 week low of $18.90 and a 52 week high of $39.49. The stock’s 50-day moving average is $34.95 and its 200-day moving average is $34.64. The company has a market cap of $536.0 million and a price-to-earnings ratio of 33.97.
American Woodmark Corp. (NASDAQ:AMWD) last posted its quarterly earnings results on Tuesday, August 20th. The company reported $0.43 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.33 by $0.10. The company had revenue of $178.10 million for the quarter, compared to the consensus estimate of $174.07 million. During the same quarter in the prior year, the company posted $0.07 earnings per share. The company’s quarterly revenue was up 20.1% on a year-over-year basis. On average, analysts predict that American Woodmark Corp. will post $1.70 earnings per share for the current fiscal year.
Separately, analysts at Longbow Research upgraded shares of American Woodmark Corp. from a “neutral” rating to a “buy” rating in a research note to investors on Wednesday, August 14th. They now have a $40.00 price target on the stock. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $38.35.
In other American Woodmark Corp. news, Director William F. Brandt unloaded 3,000 shares of the company’s stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $34.36, for a total transaction of $103,080.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
American Woodmark Corporation manufactures and distributes kitchen cabinets and vanities for the remodeling and new home construction markets.
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