PGT PT Lowered to $11.00 (PGTI)
Investment analysts at RBC Capital reduced their price target on shares of PGT (NASDAQ:PGTI) from $13.00 to $11.00 in a note issued to investors on Friday, Analyst Ratings News reports. RBC Capital’s price objective points to a potential upside of 26.73% from the company’s current price.
A number of other firms have also recently commented on PGTI. Analysts at Deutsche Bank cut their price target on shares of PGT from $13.00 to $12.00 in a research note on Friday. Separately, analysts at Raymond James reiterated a “strong-buy” rating on shares of PGT in a research note on Thursday. They now have a $13.50 price target on the stock, down previously from $14.00. One analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $12.36.
PGT (NASDAQ:PGTI) opened at 8.691 on Friday. PGT has a 52-week low of $7.57 and a 52-week high of $12.61. The stock has a 50-day moving average of $10.6 and a 200-day moving average of $10.57. The company has a market cap of $409.9 million and a P/E ratio of 17.02.
PGT (NASDAQ:PGTI) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.07 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.08 by $0.01. The company had revenue of $62.70 million for the quarter, compared to the consensus estimate of $63.52 million. During the same quarter in the prior year, the company posted $0.06 earnings per share. The company’s quarterly revenue was up 26.6% on a year-over-year basis. On average, analysts predict that PGT will post $0.46 earnings per share for the current fiscal year.
PGT, Inc is a manufacturer and supplier of residential impact-resistant windows and doors. The Company’s impact-resistant products are marketed under the WinGuard, PremierVue and PGT Architectural Systems brand names, and combine aluminum or vinyl frames with laminated glass to provide protection from hurricane-force winds and wind-borne debris by maintaining their structural integrity and preventing penetration by impacting objects.
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