Blount International’s Buy Rating Reaffirmed at KeyCorp (BLT)
Blount International (NYSE:BLT)‘s stock had its “buy” rating reiterated by equities researchers at KeyCorp in a research report issued on Friday. They currently have a $19.00 price objective on the stock, up from their previous price objective of $16.00. KeyCorp’s price target would indicate a potential upside of 20.10% from the stock’s previous close.
A number of other analysts have also recently weighed in on BLT. Analysts at Zacks downgraded shares of Blount International from an “outperform” rating to a “neutral” rating in a research note on Tuesday. They now have a $17.50 price target on the stock. Separately, 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. Finally, 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. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Blount International currently has an average rating of “Buy” and a consensus price target of $14.13.
Shares of Blount International (NYSE:BLT) traded up 0.63% on Friday, hitting $15.92. The stock had a trading volume of 32,469 shares. Blount International has a 52 week low of $10.84 and a 52 week high of $16.08. The stock’s 50-day moving average is $14.40 and its 200-day moving average is $12.84. The company has a market cap of $787.6 million and a P/E ratio of 86.92.
Blount International (NYSE:BLT) last issued its quarterly earnings data 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. On average, analysts predict that Blount International will post $0.96 earnings per share for the current fiscal year.
Blount International, Inc (NYSE:BLT) is a global industrial company.
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