Blount International Rating Increased to Outperform at Zacks (BLT)
Blount International (NYSE:BLT) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research report issued on Friday. The firm currently has a $14.50 target price on the stock. Zacks‘s price target would indicate a potential upside of 7.09% from the company’s current price.
Shares of Blount International (NYSE:BLT) traded up 4.58% on Friday, hitting $14.16. The stock had a trading volume of 280,798 shares. Blount International has a 52 week low of $10.52 and a 52 week high of $14.74. The stock’s 50-day moving average is $12.47 and its 200-day moving average is $12.57. The company has a market cap of $700.4 million and a P/E ratio of 112.83.
Blount International (NYSE:BLT) last posted its quarterly earnings results 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. Analysts expect that Blount International will post $0.89 EPS for the current fiscal year.
BLT has been the subject of a number of other recent research reports. Analysts at William Blair upgraded shares of Blount International from a “market perform” rating to an “outperform” rating in a research note on Thursday. Separately, analysts at Maxim Group initiated coverage on shares of Blount International in a research note on Tuesday, June 17th. They set a “hold” rating and a $4.00 price target on the stock. Finally, analysts at ISI Group upgraded shares of Blount International from a “hold” rating to a “buy” rating in a research note on Tuesday, June 10th. They now have a $16.00 price target on the stock. They noted that the move was a valuation call. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $12.63.
Blount International, Inc (NYSE:BLT) is a global industrial company.
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