Accuride Stock Rating Upgraded by CRT Capital (ACW)
Accuride (NYSE:ACW) was upgraded by stock analysts at CRT Capital from a “fair value” rating to a “buy” rating in a report issued on Tuesday, TheFlyOnTheWall.com reports. The firm currently has a $6.00 price target on the stock. CRT Capital’s target price suggests a potential upside of 20.72% from the stock’s previous close.
Accuride (NYSE:ACW) opened at 4.97 on Tuesday. Accuride has a 52 week low of $3.10 and a 52 week high of $6.88. The stock’s 50-day moving average is $4.63 and its 200-day moving average is $4.11. The company’s market cap is $236.3 million.
Accuride (NYSE:ACW) last released its earnings data on Monday, April 28th. The company reported ($0.07) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.14) by $0.07. The company had revenue of $166.80 million for the quarter, compared to the consensus estimate of $160.40 million. During the same quarter in the prior year, the company posted ($0.34) earnings per share. The company’s quarterly revenue was up 2.3% on a year-over-year basis. Analysts expect that Accuride will post $-0.35 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks upgraded shares of Accuride from an “underperform” rating to a “neutral” rating in a research note on Friday, April 4th. They now have a $4.80 price target on the stock.
Accuride Corporation is a manufacturer and supplier of commercial vehicle components in North America.
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