Deutsche Bank Initiates Coverage on Headwaters (HW)
Equities researchers at Deutsche Bank began coverage on shares of Headwaters (NYSE:HW) in a research report issued on Friday, TheFlyOnTheWall.com reports. The firm set a “buy” rating and a $14.00 price target on the stock. Deutsche Bank’s price target would indicate a potential upside of 25.90% from the stock’s previous close.
Headwaters (NYSE:HW) traded up 2.96% during mid-day trading on Friday, hitting $11.12. The stock had a trading volume of 941,958 shares. Headwaters has a 1-year low of $8.30 and a 1-year high of $11.57. The stock has a 50-day moving average of $10.23 and a 200-day moving average of $9.33. The company has a market cap of $813.5 million and a P/E ratio of 105.88.
Headwaters (NYSE:HW) last announced its earnings results on Tuesday, November 5th. The company reported $0.18 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.22 by $0.04. The company had revenue of $215.00 million for the quarter, compared to the consensus estimate of $218.33 million. During the same quarter last year, the company posted $0.05 earnings per share. Headwaters’s revenue was up 13.1% compared to the same quarter last year. Analysts expect that Headwaters will post $0.32 EPS for the current fiscal year.
Headwaters Incorporated (NYSE:HW) provides products, technologies and services in the building products, construction materials and energy industries.
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