Zacks Reiterates “Neutral” Rating for NCI Building Systems (NCS)
NCI Building Systems (NYSE:NCS)‘s stock had its “neutral” rating reaffirmed by Zacks in a research report issued on Friday, American Banking & Market News reports. They currently have a $19.00 price objective on the stock. Zacks‘ price target would suggest a potential upside of 3.83% from the stock’s previous close.
Zacks‘ analyst wrote, “We maintain our Neutral recommendation on NCI Building with a target price of $19.00. The company reported adjusted earnings per share of $0.10 in the fourth quarter, up 25% year over year and ahead of the Zacks Consensus Estimate of $0.07. Sales also climbed 11% year over year to $400 million, surpassing the Zacks Consensus Estimate. The company expects Coatings group to benefit from higher volumes driven by growth in third-party sales. However, the Architectural Billing Index in Dec 2013 slipped to 48.5 from 49.8 in Nov. Furthermore, volatile steel prices and rising interest rates remain concerns. Moreover, uncertainty in the global economic scenario and adverse weather conditions are headwinds as well.”
Several other analysts have also recently commented on the stock. Analysts at Raymond James initiated coverage on shares of NCI Building Systems in a research note to investors on Tuesday, January 21st. They set an “outperform” rating on the stock. Separately, analysts at RBC Capital initiated coverage on shares of NCI Building Systems in a research note to investors on Tuesday, January 21st. They set an “outperform” rating and a $23.00 price target on the stock. Finally, analysts at FBR Capital Markets raised their price target on shares of NCI Building Systems from $15.00 to $19.00 in a research note to investors on Wednesday, December 11th. They now have an “outperform” rating on the stock. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $19.00.
NCI Building Systems (NYSE:NCS) traded up 1.42% during mid-day trading on Friday, hitting $18.56. 281,327 shares of the company’s stock traded hands. NCI Building Systems has a one year low of $11.22 and a one year high of $20.14. The stock has a 50-day moving average of $18.33 and a 200-day moving average of $15.11. The company’s market cap is $1.388 billion.
NCI Building Systems (NYSE:NCS) last posted its quarterly earnings results on Tuesday, December 10th. The company reported $0.10 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.07 by $0.03. The company had revenue of $400.20 million for the quarter, compared to the consensus estimate of $362.83 million. During the same quarter last year, the company posted $0.08 earnings per share. NCI Building Systems’s revenue was up 10.6% compared to the same quarter last year.
NCI Building Systems, Inc is a manufacturer and marketer of metal products for the non-residential construction industry.
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