Horsehead Holding Corp. Price Target Increased to $23.00 by Analysts at Oppenheimer (ZINC)
Stock analysts at Oppenheimer raised their price target on shares of Horsehead Holding Corp. (NASDAQ:ZINC) from $20.00 to $23.00 in a report issued on Wednesday. The firm currently has an “outperform” rating on the stock. Oppenheimer’s price target suggests a potential upside of 22.15% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at FBR Capital Markets downgraded shares of Horsehead Holding Corp. from an “outperform” rating to a “market perform” rating in a research note on Tuesday, July 8th. They now have a $21.00 price target on the stock. Analysts at Zacks upgraded shares of Horsehead Holding Corp. from a “neutral” rating to an “outperform” rating in a research note on Tuesday, May 13th. They now have a $18.90 price target on the stock. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Horsehead Holding Corp. presently has an average rating of “Buy” and a consensus target price of $19.48.
Horsehead Holding Corp. (NASDAQ:ZINC) traded up 0.64% during mid-day trading on Wednesday, hitting $18.95. 322,189 shares of the company’s stock traded hands. Horsehead Holding Corp. has a 52 week low of $10.85 and a 52 week high of $21.02. The stock’s 50-day moving average is $18.4 and its 200-day moving average is $17.02. The company’s market cap is $960.9 million.
Horsehead Holding Corp. (NASDAQ:ZINC) last posted its quarterly earnings results on Wednesday, August 6th. The company reported ($0.10) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.04) by $0.06. The company had revenue of $126.27 million for the quarter, compared to the consensus estimate of $110.79 million. During the same quarter last year, the company posted ($0.02) earnings per share. Horsehead Holding Corp.’s revenue was up 14.3% compared to the same quarter last year. Analysts expect that Horsehead Holding Corp. will post $0.28 EPS for the current fiscal year.
Horsehead Holding Corp. (NASDAQ:ZINC) is a producer of zinc and nickel-based products sold primarily to customers throughout the United States and Canada.
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