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Blount International (NYSE:BLT) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research note issued on Tuesday. They currently have a $17.50 target price on the stock. Zacks‘s target price would indicate a potential upside of 10.41% from the company’s current price.

Shares of Blount International (NYSE:BLT) traded up 0.69% during mid-day trading on Tuesday, hitting $15.96. The stock had a trading volume of 46,060 shares. Blount International has a one year low of $10.84 and a one year high of $16.08. The stock has a 50-day moving average of $14.25 and a 200-day moving average of $12.77. The company has a market cap of $789.6 million and a P/E ratio of 87.09.

Blount International (NYSE:BLT) last announced its earnings results on Wednesday, August 6th. The company reported $0.25 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.22 by $0.03. The company had revenue of $235.40 million for the quarter, compared to the consensus estimate of $236.50 million. During the same quarter in the prior year, the company posted $0.19 earnings per share. The company’s quarterly revenue was up 6.8% on a year-over-year basis. Analysts expect that Blount International will post $0.96 EPS for the current fiscal year.

Several other analysts have also recently commented on the stock. Analysts at William Blair upgraded shares of Blount International from a “market perform” rating to an “outperform” rating in a research note on Thursday, June 26th. Separately, analysts at Maxim Group initiated coverage on shares of Blount International in a research note on Tuesday, June 17th. They set a “hold” rating and a $4.00 price target on the stock. Finally, analysts at ISI Group upgraded shares of Blount International from a “hold” rating to a “buy” rating in a research note on Tuesday, June 10th. They now have a $16.00 price target on the stock. They noted that the move was a valuation call. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Blount International has an average rating of “Buy” and an average price target of $13.38.

Blount International, Inc (NYSE:BLT) is a global industrial company.

To view Zacks’ full report, visit Zacks’ official website.

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