Zacks Upgrades Global Power Equipment Group to “Neutral” (GLPW)
Global Power Equipment Group (NASDAQ:GLPW) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research report issued to clients and investors on Tuesday, Analyst RN reports. The firm currently has a $18.30 price target on the stock. Zacks‘ price objective indicates a potential upside of 7.02% from the company’s current price.
Shares of Global Power Equipment Group (NASDAQ:GLPW) traded down 2.23% during mid-day trading on Tuesday, hitting $17.10. The stock had a trading volume of 30,320 shares. Global Power Equipment Group has a 1-year low of $14.99 and a 1-year high of $20.98. The stock’s 50-day moving average is $18.64 and its 200-day moving average is $19.07. The company has a market cap of $291.2 million and a P/E ratio of 19.72.
Global Power Equipment Group (NASDAQ:GLPW) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.20 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.17 by $0.03. The company had revenue of $110.00 million for the quarter, compared to the consensus estimate of $139.89 million. Analysts expect that Global Power Equipment Group will post $0.58 EPS for the current fiscal year.
Global Power Equipment Group Inc is a provider of power generation equipment and maintenance services for customers in the domestic and international energy, power infrastructure and service industries.
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