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Polypore International (NYSE:PPO)‘s stock had its “buy” rating restated by investment analysts at DA Davidson in a note issued to investors on Thursday. They currently have a $50.00 price target on the stock, down from their previous price target of $55.00. DA Davidson’s target price indicates a potential upside of 17.40% from the company’s current price.

The analysts wrote, “PPO reported Q2:CY14 EPS from continuing operations of $0.35 on revenues of $166.6 million (up 3.5% from Q1:CY13 but down 1.4% from Q2:CY13). Results came in slightly below consensus estimates of $0.38 on $169 million and our $0.39 on $170 million. During Q2, PPO used ~$150 million of cash to reduce outstanding debt, leaving the cash balance at $37 million. With the debt reduction and refinancing, interest expenses are expected to fall ~$20 million or more from their previous annualized rate of ~$40 million. The company also used ~$9 million of cash to repurchase 200,000 shares during the quarter.”

Polypore International (NYSE:PPO) traded down 2.89% on Thursday, hitting $41.36. 223,249 shares of the company’s stock traded hands. Polypore International has a 1-year low of $29.39 and a 1-year high of $48.72. The stock has a 50-day moving average of $45.72 and a 200-day moving average of $39.33. The company has a market cap of $1.856 billion and a price-to-earnings ratio of 24.19.

Polypore International (NYSE:PPO) last announced its earnings results on Wednesday, August 6th. The company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by $0.03. The company had revenue of $166.60 million for the quarter, compared to the consensus estimate of $169.10 million. During the same quarter in the previous year, the company posted $0.34 earnings per share. The company’s revenue for the quarter was down 1.4% on a year-over-year basis. On average, analysts predict that Polypore International will post $1.52 earnings per share for the current fiscal year.

Other equities research analysts have also recently issued reports about the stock. Analysts at Ardour Capital downgraded shares of Polypore International from an “accumulate” rating to a “hold” rating in a research note on Thursday. They now have a $43.00 price target on the stock. Separately, analysts at Ascendiant Capital Markets downgraded shares of Polypore International from a “buy” rating to a “hold” rating in a research note on Wednesday. Finally, analysts at Wedbush downgraded shares of Polypore International from an “outperform” rating to a “neutral” rating in a research note on Thursday, June 19th. They now have a $38.00 price target on the stock. They noted that the move was a valuation call. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $42.90.

Polypore International, Inc is a global high-technology filtration company that develops, manufactures and markets specialized microporous membranes used in separation and filtration processes.

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