Park Electrochemical Corp. Rating Increased to Buy at Needham & Company LLC (PKE)
Park Electrochemical Corp. (NYSE:PKE) was upgraded by investment analysts at Needham & Company LLC from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday, TheFlyOnTheWall.com reports. The firm currently has a $33.00 price target on the stock. Needham & Company LLC’s target price indicates a potential upside of 14.62% from the company’s current price.
Separately, analysts at TheStreet downgraded shares of Park Electrochemical Corp. from a “buy” rating to a “hold” rating in a research note on Thursday, April 24th.
Shares of Park Electrochemical Corp. (NYSE:PKE) opened at 28.79 on Wednesday. Park Electrochemical Corp. has a one year low of $24.03 and a one year high of $30.64. The stock’s 50-day moving average is $26.97 and its 200-day moving average is $28.02. The company’s market cap is $601.2 million.
Park Electrochemical Corp. (NYSE:PKE) last issued its quarterly earnings data on Tuesday, July 1st. The company reported $0.41 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.34 by $0.07. The company had revenue of $48.82 million for the quarter, compared to the consensus estimate of $49.04 million. During the same quarter last year, the company posted $0.25 earnings per share. On average, analysts predict that Park Electrochemical Corp. will post $1.33 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, August 4th. Stockholders of record on Thursday, July 3rd will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.39%. The ex-dividend date is Tuesday, July 1st.
Park Electrochemical Corp. (NYSE:PKE), through its subsidiaries, is a global advanced materials company, which develops, manufactures, markets and sells high-technology digital and radio frequency (RF)/microwave printed circuit materials products principally for the telecommunications and Internet infrastructure and high-end computing markets and advanced composite materials, parts and assemblies products principally for the aerospace markets.
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