Culp Now Covered by Analysts at Stifel Nicolaus (CFI)
Equities researchers at Stifel Nicolaus assumed coverage on shares of Culp (NYSE:CFI) in a research report issued on Friday, TheFlyOnTheWall.com reports. The firm set a “buy” rating and a $21.00 price target on the stock. Stifel Nicolaus’ target price suggests a potential upside of 17.32% from the stock’s previous close.
Separately, analysts at Zacks upgraded shares of Culp from an “underperform” rating to a “neutral” rating in a research note on Wednesday, August 13th. They now have a $17.80 price target on the stock.
Culp (NYSE:CFI) opened at 17.90 on Friday. Culp has a 52 week low of $17.06 and a 52 week high of $21.10. The stock’s 50-day moving average is $17.72 and its 200-day moving average is $18.54. The company has a market cap of $219.3 million and a price-to-earnings ratio of 12.55.
Culp (NYSE:CFI) last issued its quarterly earnings data on Thursday, June 12th. The company reported $0.27 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.29 by $0.02. During the same quarter in the prior year, the company posted $0.41 earnings per share. On average, analysts predict that Culp will post $1.40 earnings per share for the current fiscal year.
Culp, Inc manufactures, sources, and markets mattress fabrics used for covering mattresses, box springs, and foundations and upholstery fabrics primarily for use in production of upholstered furniture.
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