A M Castle and Stock Rating Reaffirmed by Jefferies Group (CAS)
A M Castle and (NYSE:CAS)‘s stock had its “buy” rating restated by research analysts at Jefferies Group in a report released on Wednesday. They currently have a $13.00 price objective on the stock, down from their previous price objective of $16.00. Jefferies Group’s target price indicates a potential upside of 52.58% from the company’s current price.
Shares of A M Castle and (NYSE:CAS) traded down 6.89% during mid-day trading on Wednesday, hitting $8.52. The stock had a trading volume of 375,167 shares. A M Castle and has a 52 week low of $9.05 and a 52 week high of $17.54. The stock has a 50-day moving average of $11.22 and a 200-day moving average of $13.08. The company’s market cap is $200.0 million.
A M Castle and (NYSE:CAS) last issued its quarterly earnings data on Tuesday, July 29th. The company reported ($0.98) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.44) by $0.54. The company had revenue of $249.50 million for the quarter, compared to the consensus estimate of $254.70 million. During the same quarter in the previous year, the company posted $0.02 earnings per share. The company’s revenue for the quarter was down 8.7% on a year-over-year basis. On average, analysts predict that A M Castle and will post $-1.28 earnings per share for the current fiscal year.
A number of other firms have also recently commented on CAS. Analysts at TheStreet downgraded shares of A M Castle and from a “hold” rating to a “sell” rating in a research note on Thursday, July 10th. Separately, analysts at Topeka Capital Markets reiterated a “buy” rating on shares of A M Castle and in a research note on Thursday, June 5th. They now have a $16.00 price target on the stock, down previously from $17.00. Finally, analysts at Zacks downgraded shares of A M Castle and from a “hold” rating to a “sell” rating in a research note on Thursday, May 1st.
A. M. CASTLE & CO is a specialty metals and plastics distribution company serving customers on a global basis.
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