Worthington Industries Given New $44.00 Price Target at Topeka Capital Markets (WOR)
Stock analysts at Topeka Capital Markets lifted their price objective on shares of Worthington Industries (NYSE:WOR) from $42.00 to $44.00 in a report issued on Tuesday. The firm currently has a “hold” rating on the stock. Topeka Capital Markets’ price target indicates a potential upside of 2.23% from the stock’s previous close.
Shares of Worthington Industries (NYSE:WOR) opened at 43.04 on Tuesday. Worthington Industries has a 52-week low of $31.90 and a 52-week high of $48.58. The stock has a 50-day moving average of $40.87 and a 200-day moving average of $40.02. The company has a market cap of $2.926 billion and a price-to-earnings ratio of 20.78.
Worthington Industries (NYSE:WOR) last announced its earnings results on Thursday, June 26th. The company reported $0.68 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.67 by $0.01. The company had revenue of $891.00 million for the quarter, compared to the consensus estimate of $841.22 million. During the same quarter in the prior year, the company posted $0.62 earnings per share. The company’s quarterly revenue was up 26.5% on a year-over-year basis. Analysts expect that Worthington Industries will post $2.76 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, September 29th. Shareholders of record on Monday, September 15th will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.67%. The ex-dividend date is Thursday, September 11th. This is a positive change from Worthington Industries’s previous quarterly dividend of $0.15.
A number of other analysts have also recently weighed in on WOR. Analysts at KeyCorp raised their price target on shares of Worthington Industries from $46.00 to $48.00 in a research note on Friday. They now have a “buy” rating on the stock. Separately, analysts at Credit Suisse upgraded shares of Worthington Industries from a “neutral” rating to an “outperform” rating in a research note on Thursday, May 22nd. Finally, analysts at Ned Davis Research upgraded shares of Worthington Industries from a “neutral” rating to a “buy” rating in a research note on Monday, May 12th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Worthington Industries currently has an average rating of “Buy” and a consensus target price of $44.20.
Worthington Industries, Inc (NYSE:WOR) is a diversified metals processing company, focused on steel processing and manufactured metal products.
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