Worthington Industries Stock Rating Upgraded by Credit Suisse (WOR)
Worthington Industries (NYSE:WOR) was upgraded by research analysts at Credit Suisse from a “neutral” rating to an “outperform” rating in a report released on Thursday, TheFlyOnTheWall.com reports.
Shares of Worthington Industries (NYSE:WOR) traded up 4.87% during mid-day trading on Thursday, hitting $40.342. The stock had a trading volume of 114,305 shares. Worthington Industries has a 52-week low of $30.27 and a 52-week high of $48.58. The stock’s 50-day moving average is $37.50 and its 200-day moving average is $39.91. The company has a market cap of $2.800 billion and a price-to-earnings ratio of 18.42.
Worthington Industries (NYSE:WOR) last issued its quarterly earnings data on Thursday, March 27th. The company reported $0.57 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.61 by $0.04. The company had revenue of $773.20 million for the quarter, compared to the consensus estimate of $760.73 million. During the same quarter in the prior year, the company posted $0.52 earnings per share. The company’s quarterly revenue was up 24.8% on a year-over-year basis. On average, analysts predict that Worthington Industries will post $2.36 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on WOR. Analysts at Ned Davis Research upgraded shares of Worthington Industries from a “neutral” rating to a “buy” rating in a research note on Monday, May 12th. Separately, analysts at KeyCorp upgraded shares of Worthington Industries from a “hold” rating to a “buy” rating in a research note on Wednesday, April 2nd. They now have a $46.00 price target on the stock. They noted that the move was a valuation call. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of Worthington Industries from $42.00 to $43.00 in a research note on Friday, March 28th. Four research analysts have rated the stock with a buy rating, Worthington Industries has a consensus rating of “Buy” and an average price target of $43.75.
Worthington Industries, Inc (NYSE:WOR) is a diversified metals processing company, focused on steel processing and manufactured metal products.
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