Norcraft Companies Receives “Buy” Rating from Citigroup Inc. (NCFT)
Norcraft Companies (NASDAQ:NCFT)‘s stock had its “buy” rating restated by Citigroup Inc. in a research note issued on Wednesday. They currently have a $18.00 price target on the stock, down from their previous price target of $21.00. Citigroup Inc.’s price objective would indicate a potential upside of 25.70% from the stock’s previous close.
Separately, analysts at KeyCorp upgraded shares of Norcraft Companies from a “hold” rating to a “buy” rating in a research note on Monday, July 7th. They now have a $18.00 price target on the stock. They noted that the move was a valuation call. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Norcraft Companies currently has an average rating of “Buy” and an average price target of $18.38.
Norcraft Companies (NASDAQ:NCFT) traded up 2.16% during mid-day trading on Wednesday, hitting $14.63. The stock had a trading volume of 12,404 shares. Norcraft Companies has a 52-week low of $13.09 and a 52-week high of $19.82. The stock has a 50-day moving average of $14.08 and a 200-day moving average of $15.94. The company’s market cap is $253.3 million.
Norcraft Companies (NASDAQ:NCFT) last announced its earnings results on Wednesday, August 13th. The company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by $0.04. The company had revenue of $97.60 million for the quarter, compared to the consensus estimate of $100.37 million. On average, analysts predict that Norcraft Companies will post $0.80 earnings per share for the current fiscal year.
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