Horsehead Holding Corp. Price Target Increased to $20.00 by Analysts at Oppenheimer (ZINC)
Analysts at Oppenheimer hoisted their price objective on shares of Horsehead Holding Corp. (NASDAQ:ZINC) from $17.00 to $20.00 in a research report issued to clients and investors on Tuesday, AR Network reports. The firm currently has an “outperform” rating on the stock. Oppenheimer’s target price suggests a potential upside of 16.82% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at McLean Capital Management upgraded shares of Horsehead Holding Corp. from a “sell” rating to a “neutral” rating in a research note on Friday. Analysts at FBR Capital Markets raised their price target on shares of Horsehead Holding Corp. from $16.00 to $20.00 in a research note on Tuesday, December 31st. They now have an “outperform” rating on the stock. One analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $16.38.
Horsehead Holding Corp. (NASDAQ:ZINC) traded up 1.23% during mid-day trading on Tuesday, hitting $17.33. The stock had a trading volume of 215,436 shares. Horsehead Holding Corp. has a 52 week low of $9.38 and a 52 week high of $17.30. The stock has a 50-day moving average of $15.85 and a 200-day moving average of $14.08. The company’s market cap is $874.1 million.
Horsehead Holding Corp. (NASDAQ:ZINC) last released its earnings data on Tuesday, February 25th. The company reported $0.08 EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.14) by $0.22. The company had revenue of $103.63 million for the quarter, compared to the consensus estimate of $106.54 million. Analysts expect that Horsehead Holding Corp. will post $-0.17 EPS for the current fiscal year.
Horsehead Holding Corp. (NASDAQ:ZINC) is a producer of zinc and nickel-based products sold primarily to customers throughout the United States and Canada.
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