Olympic Steel Upgraded by Zacks to Neutral (ZEUS)
Olympic Steel (NASDAQ:ZEUS) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a note issued to investors on Wednesday, Stock Ratings Network reports. The firm currently has a $29.70 target price on the stock. Zacks‘ target price points to a potential upside of 2.48% from the company’s current price.
Separately, analysts at Jefferies Group cut their price target on shares of Olympic Steel from $29.00 to $26.50 in a research note to investors on Friday, November 1st. They now have a “hold” rating on the stock. Five research analysts have rated the stock with a hold rating, The company has an average rating of “Hold” and an average price target of $25.44.
Olympic Steel (NASDAQ:ZEUS) traded up 0.31% on Wednesday, hitting $28.98. The stock had a trading volume of 51,344 shares. Olympic Steel has a 52 week low of $18.52 and a 52 week high of $31.68. The stock’s 50-day moving average is $27.27 and its 200-day moving average is $27.32. The company’s market cap is $317.7 million.
Olympic Steel (NASDAQ:ZEUS) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by $0.26. The company had revenue of $304.00 million for the quarter, compared to the consensus estimate of $332.60 million. During the same quarter in the previous year, the company posted $0.15 earnings per share. The company’s revenue for the quarter was down 11.3% on a year-over-year basis. On average, analysts predict that Olympic Steel will post $0.96 earnings per share for the current fiscal year.
Olympic Steel, Inc is a United States metals service center. The Company’s primary focus is on the direct sale and distribution of volumes of processed carbon, coated, aluminum and stainless flat-rolled sheet, coil and plate products.
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