Quanex Building Products Corp. Rating Lowered to Neutral at Wedbush (NX)
Quanex Building Products Corp. (NYSE:NX) was downgraded by investment analysts at Wedbush from an “outperform” rating to a “neutral” rating in a note issued to investors on Thursday, TheFlyOnTheWall.com reports.
Shares of Quanex Building Products Corp. (NYSE:NX) traded down 1.15% on Thursday, hitting $18.07. The stock had a trading volume of 137,092 shares. Quanex Building Products Corp. has a one year low of $15.66 and a one year high of $21.84. The stock’s 50-day moving average is $19.27 and its 200-day moving average is $19.12. The company’s market cap is $669.0 million.
Quanex Building Products Corp. (NYSE:NX) last released its earnings data on Thursday, March 6th. The company reported ($0.11) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.10) by $0.01. The company had revenue of $202.38 million for the quarter, compared to the consensus estimate of $201.57 million. During the same quarter in the prior year, the company posted ($0.17) earnings per share. The company’s quarterly revenue was up 9.0% on a year-over-year basis. Analysts expect that Quanex Building Products Corp. will post $0.36 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on NX. Analysts at Zacks upgraded shares of Quanex Building Products Corp. from an “underperform” rating to a “neutral” rating in a research note on Tuesday, April 15th. They now have a $20.50 price target on the stock. Separately, analysts at BB&T Corp. upgraded shares of Quanex Building Products Corp. from a “hold” rating to a “buy” rating in a research note on Wednesday, April 9th. They now have a $26.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Quanex Building Products Corp. has a consensus rating of “Buy” and a consensus price target of $23.17.
Quanex Building Products Corporation (NYSE:NX) operates in two business segments: Engineered Products and Aluminum Sheet Products.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.