Texas Industries Rating Lowered to Underperform at Zacks (TXI)
Texas Industries (NYSE:TXI) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a note issued to investors on Monday, American Banking & Market News reports. They currently have a $64.90 price target on the stock. Zacks‘ price target would indicate a potential downside of 3.06% from the company’s current price.
Shares of Texas Industries (NYSE:TXI) traded down 1.17% during mid-day trading on Monday, hitting $66.165. 89,947 shares of the company’s stock traded hands. Texas Industries has a 52-week low of $51.28 and a 52-week high of $75.30. The stock has a 50-day moving average of $61.53 and a 200-day moving average of $61.17. The company has a market cap of $1.893 billion and a P/E ratio of 69.31.
TXI has been the subject of a number of other recent research reports. Analysts at Longbow Research downgraded shares of Texas Industries from a “buy” rating to a “neutral” rating in a research note to investors on Thursday. Separately, analysts at Sidoti downgraded shares of Texas Industries from a “buy” rating to a “neutral” rating in a research note to investors on Monday, December 16th. Finally, analysts at Sidoti upgraded shares of Texas Industries from a “neutral” rating to a “buy” rating in a research note to investors on Monday, October 21st. One analyst has rated the stock with a sell rating and five have given a hold rating to the company. Texas Industries currently has a consensus rating of “Hold” and an average price target of $57.63.
Texas Industries, Inc is a supplier of heavy construction materials in the southwestern United States.
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