Foster Wheeler AG Short Interest Down 20.8% in April (FWLT)
Shares of Foster Wheeler AG (NASDAQ:FWLT) were the recipient of a significant decline in short interest in April. As of April 30th, there was short interest totalling 989,919 shares, a decline of 20.8% from the April 15th total of 1,249,972 shares, Stock Ratings Network reports. Currently, 1.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 609,991 shares, the short-interest ratio is currently 1.6 days.
In other Foster Wheeler AG news, VP Rakesh Jindal sold 8,200 shares of the company’s stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $33.30, for a total value of $273,060.00. Following the sale, the vice president now directly owns 15,647 shares in the company, valued at approximately $521,045. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
A number of research firms have recently commented on FWLT. Analysts at TheStreet upgraded shares of Foster Wheeler AG from a “hold” rating to a “buy” rating in a research note on Tuesday. Separately, analysts at Canaccord Genuity raised their price target on shares of Foster Wheeler AG from $32.00 to $34.50 in a research note on Monday, May 12th. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Foster Wheeler AG in a research note on Friday, April 11th. They now have a $36.00 price target on the stock. Seven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Foster Wheeler AG presently has a consensus rating of “Hold” and a consensus price target of $32.39.
Foster Wheeler AG (NASDAQ:FWLT) opened at 32.91 on Wednesday. Foster Wheeler AG has a 52 week low of $20.20 and a 52 week high of $34.41. The stock’s 50-day moving average is $33.56 and its 200-day moving average is $31.64. The company has a market cap of $3.282 billion and a P/E ratio of 32.45.
Foster Wheeler AG (NASDAQ:FWLT) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.19 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.38 by $0.19. The company had revenue of $733.70 million for the quarter, compared to the consensus estimate of $885.63 million. During the same quarter last year, the company posted $0.14 earnings per share. Foster Wheeler AG’s revenue was down 7.1% compared to the same quarter last year. On average, analysts predict that Foster Wheeler AG will post $1.82 earnings per share for the current fiscal year.
Foster Wheeler AG (NASDAQ:FWLT) is a supplier of engineering, construction and project management contractor and power equipment.
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