Quanex Building Products Corp. Given New $21.00 Price Target at Imperial Capital (NX)
Investment analysts at Imperial Capital cut their price objective on shares of Quanex Building Products Corp. (NYSE:NX) from $23.00 to $21.00 in a note issued to investors on Friday. The firm currently has an “outperform” rating on the stock. Imperial Capital’s target price indicates a potential upside of 20.69% from the stock’s previous close. The analysts noted that the move was a valuation call.
A number of other analysts have also recently weighed in on NX. Analysts at Wedbush downgraded shares of Quanex Building Products Corp. from an “outperform” rating to a “neutral” rating in a research note on Thursday, May 22nd. They now have a $21.00 price target on the stock. Separately, 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. Finally, 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 assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $22.13.
Shares of Quanex Building Products Corp. (NYSE:NX) traded up 1.55% during mid-day trading on Friday, hitting $17.67. 127,582 shares of the company’s stock traded hands. 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 $18.52 and its 200-day moving average is $19.13. The company’s market cap is $654.2 million.
Quanex Building Products Corp. (NYSE:NX) last released its earnings data on Thursday, June 5th. The company reported ($0.05) earnings per share for the quarter, missing the analysts’ consensus estimate of $0.01 by $0.06. The company had revenue of $135.00 million for the quarter, compared to the consensus estimate of $133.80 million. During the same quarter last year, the company posted ($0.20) earnings per share. Quanex Building Products Corp.’s revenue was up 8.1% compared to the same quarter last year. Analysts expect that Quanex Building Products Corp. will post $0.34 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, June 30th. Investors of record on Monday, June 16th will be paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.92%. The ex-dividend date is Thursday, June 12th.
Quanex Building Products Corporation (NYSE:NX) operates in two business segments: Engineered Products and Aluminum Sheet Products.
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