Powell Industries Stock Rating Upgraded by Stifel Nicolaus (POWL)
Powell Industries (NASDAQ:POWL) was upgraded by investment analysts at Stifel Nicolaus from a “hold” rating to a “buy” rating in a note issued to investors on Thursday, TheFlyOnTheWall.com reports. The firm currently has a $70.00 target price on the stock. Stifel Nicolaus’ price target would suggest a potential upside of 18.08% from the company’s current price.
Shares of Powell Industries (NASDAQ:POWL) opened at 59.28 on Thursday. Powell Industries has a 52-week low of $44.94 and a 52-week high of $69.33. The stock has a 50-day moving average of $63.69 and a 200-day moving average of $60.64. The company has a market cap of $709.5 million and a price-to-earnings ratio of 17.07.
Powell Industries (NASDAQ:POWL) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.68 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.68. The company had revenue of $171.90 million for the quarter, compared to the consensus estimate of $172.44 million. During the same quarter last year, the company posted $0.62 earnings per share. Powell Industries’s revenue was up 17.0% compared to the same quarter last year. Analysts expect that Powell Industries will post $3.24 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, March 19th. Stockholders of record on Wednesday, February 19th will be given a dividend of 0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date of this dividend is Friday, February 14th.
Powell Industries, Inc (NASDAQ:POWL) develops, designs, manufactures and services custom engineered-to-order equipment and systems for the management and control of electrical energy and other critical processes.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.