BB&T Corp. Initiates Coverage on Global Brass and Copper Holdings (BRSS)
Investment analysts at BB&T Corp. initiated coverage on shares of Global Brass and Copper Holdings (NASDAQ:BRSS) in a note issued to investors on Wednesday. The firm set a “buy” rating and a $20.00 price target on the stock. BB&T Corp.’s price objective indicates a potential upside of 25.55% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Zacks downgraded shares of Global Brass and Copper Holdings from a “neutral” rating to an “underperform” rating in a research note on Friday, May 16th. They now have a $14.30 price target on the stock. Analysts at Morgan Stanley raised their price target on shares of Global Brass and Copper Holdings from $2.00 to $21.00 in a research note on Friday, May 9th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $18.43.
Shares of Global Brass and Copper Holdings (NASDAQ:BRSS) traded down 0.06% during mid-day trading on Wednesday, hitting $15.93. The stock had a trading volume of 117,961 shares. Global Brass and Copper Holdings has a 1-year low of $12.90 and a 1-year high of $21.45. The stock’s 50-day moving average is $15.57 and its 200-day moving average is $16.44. The company has a market cap of $339.9 million and a P/E ratio of 38.69.
Global Brass and Copper Holdings (NASDAQ:BRSS) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by $0.05. On average, analysts predict that Global Brass and Copper Holdings will post $2.08 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, June 13th. Investors of record on Tuesday, June 3rd will be paid a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a dividend yield of 0.94%. The ex-dividend date is Friday, May 30th.
Global Brass and Copper Holdings, Inc is a converter, fabricator, distributor and processor of specialized copper and brass products in North America.
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