A M Castle and Stock Rating Reaffirmed by Topeka Capital Markets (CAS)
A M Castle and (NYSE:CAS)‘s stock had its “buy” rating reiterated by analysts at Topeka Capital Markets in a research report issued to clients and investors on Thursday. They currently have a $16.00 target price on the stock, down from their previous target price of $17.00. Topeka Capital Markets’ price objective suggests a potential upside of 36.75% from the company’s current price.
A number of other analysts have also recently weighed in on CAS. Analysts at Zacks downgraded shares of A M Castle and from a “hold” rating to a “sell” rating in a research note on Thursday, May 1st. Analysts at Jefferies Group reiterated a “buy” rating on shares of A M Castle and in a research note on Wednesday, April 30th. They now have a $17.00 price target on the stock.
A M Castle and (NYSE:CAS) traded up 2.48% on Thursday, hitting $11.99. The stock had a trading volume of 41,464 shares. A M Castle and has a one year low of $11.58 and a one year high of $17.58. The stock has a 50-day moving average of $12.55 and a 200-day moving average of $13.85. The company’s market cap is $281.5 million.
A M Castle and (NYSE:CAS) last posted its quarterly earnings results on Tuesday, April 29th. The company reported ($0.67) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.19) by $0.48. The company had revenue of $253.40 million for the quarter, compared to the consensus estimate of $252.75 million. During the same quarter in the previous year, the company posted ($0.35) earnings per share. The company’s revenue for the quarter was down 13.4% on a year-over-year basis. On average, analysts predict that A M Castle and will post $-0.92 earnings per share for the current fiscal year.
A. M. CASTLE & CO is a specialty metals and plastics distribution company serving customers on a global basis.
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