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Polypore International (NYSE:PPO) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research note issued on Tuesday. They currently have a $40.50 price objective on the stock. Zacks‘s price objective would suggest a potential downside of 4.68% from the company’s current price.

Polypore International (NYSE:PPO) traded down 0.45% during mid-day trading on Tuesday, hitting $42.30. The stock had a trading volume of 146,005 shares. Polypore International has a 52-week low of $29.39 and a 52-week high of $48.72. The stock’s 50-day moving average is $45.20 and its 200-day moving average is $39.40. The company has a market cap of $1.899 billion and a P/E ratio of 32.12.

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 $1.43 earnings per share for the current fiscal year.

A number of other firms have also recently commented on PPO. Analysts at Topeka Capital Markets cut their price target on shares of Polypore International from $54.00 to $51.00 in a research note on Thursday, August 7th. They now have a “buy” rating on the stock. Separately, analysts at DA Davidson reiterated a “buy” rating on shares of Polypore International in a research note on Thursday, August 7th. They now have a $50.00 price target on the stock, down previously from $55.00. Finally, analysts at Ardour Capital downgraded shares of Polypore International from an “accumulate” rating to a “hold” rating in a research note on Thursday, August 7th. They now have a $43.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $42.81.

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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