PGT Receives Strong-Buy Rating from Raymond James (PGTI)
PGT (NASDAQ:PGTI)‘s stock had its “strong-buy” rating reaffirmed by equities research analysts at Raymond James in a research note issued to investors on Wednesday. They currently have a $12.00 target price on the stock, down from their previous target price of $13.50. Raymond James’ target price points to a potential upside of 29.17% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at RBC Capital cut their price target on shares of PGT from $13.00 to $11.00 in a research note on Friday, May 9th. Analysts at Deutsche Bank cut their price target on shares of PGT from $13.00 to $12.00 in a research note on Friday, May 9th. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $12.06.
Shares of PGT (NASDAQ:PGTI) traded down 1.28% on Wednesday, hitting $9.29. The stock had a trading volume of 1,012,434 shares. PGT has a 1-year low of $7.34 and a 1-year high of $12.61. The stock’s 50-day moving average is $8.39 and its 200-day moving average is $9.90. The company has a market cap of $439.1 million and a price-to-earnings ratio of 21.05. PGT also saw a significant increase in short interest in July. As of July 15th, there was short interest totalling 1,810,315 shares, an increase of 55.9% from the June 30th total of 1,160,987 shares. Based on an average trading volume of 520,492 shares, the short-interest ratio is currently 3.5 days. Approximately 4.1% of the company’s stock are sold short.
PGT (NASDAQ:PGTI) last released its earnings data on Tuesday, July 29th. The company reported $0.16 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.36 by $0.20. The company had revenue of $81.60 million for the quarter, compared to the consensus estimate of $130.97 million. Analysts expect that PGT will post $0.43 EPS for the current fiscal year.
PGT, Inc is a manufacturer and supplier of residential impact-resistant windows and doors. The Company’s impact-resistant products are marketed under the WinGuard, PremierVue and PGT Architectural Systems brand names, and combine aluminum or vinyl frames with laminated glass to provide protection from hurricane-force winds and wind-borne debris by maintaining their structural integrity and preventing penetration by impacting objects.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.