KeyCorp Upgrades Blount International to Buy (BLT)
Blount International (NYSE:BLT) was upgraded by KeyCorp from a “hold” rating to a “buy” rating in a research note issued on Tuesday, TheFlyOnTheWall.com reports.
Separately, analysts at Zacks upgraded shares of Blount International from an “underperform” rating to a “neutral” rating in a research note on Tuesday, April 15th. They now have a $11.80 price target on the stock.
Shares of Blount International (NYSE:BLT) opened at 13.15 on Tuesday. Blount International has a 52-week low of $10.52 and a 52-week high of $14.74. The stock has a 50-day moving average of $11.81 and a 200-day moving average of $12.66. The company has a market cap of $650.4 million and a P/E ratio of 109.42.
Blount International (NYSE:BLT) last released its earnings data on Friday, May 9th. The company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.05. The company had revenue of $232.60 million for the quarter, compared to the consensus estimate of $219.61 million. During the same quarter in the previous year, the company posted $0.19 earnings per share. The company’s revenue for the quarter was up .3% on a year-over-year basis. On average, analysts predict that Blount International will post $0.88 earnings per share for the current fiscal year.
Blount International, Inc (NYSE:BLT) is a global industrial company.