Polypore International Given Average Rating of “Hold” by Brokerages (NYSE:PPO)
Shares of Polypore International (NYSE:PPO) have earned a consensus rating of “Hold” from the thirteen ratings firms that are covering the stock, Stock Ratings News reports. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $42.81.
A number of research firms have recently commented on PPO. Analysts at Zacks downgraded shares of Polypore International from a “neutral” rating to an “underperform” rating in a research note on Tuesday. They now have a $40.50 price target on the stock. Separately, 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. Finally, 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.
Polypore International (NYSE:PPO) opened at 43.01 on Tuesday. 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 $44.64 and its 200-day moving average is $39.53. The company has a market cap of $1.931 billion and a P/E ratio of 32.55.
Polypore International (NYSE:PPO) last released its earnings data on Wednesday, August 6th. The company reported $0.35 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.34 earnings per share. Polypore International’s revenue was down 1.4% compared to the same quarter last year. On average, analysts predict that Polypore International will post $1.43 earnings per share for the current fiscal year.
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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