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Shares of Blount International (NYSE:BLT) hit a new 52-week high during trading on Tuesday , Stock Ratings Network reports. The company traded as high as $16.09 and last traded at $15.88, with a volume of 67,335 shares traded. The stock had previously closed at $15.98.

BLT has been the subject of a number of recent research reports. Analysts at KeyCorp reiterated a “buy” rating on shares of Blount International in a research note on Friday. They now have a $19.00 price target on the stock, up previously from $16.00. Separately, analysts at Zacks downgraded shares of Blount International from an “outperform” rating to a “neutral” rating in a research note on Tuesday, August 26th. They now have a $17.50 price target on the stock. Finally, 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. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $14.13.

The stock has a 50-day moving average of $14.46 and a 200-day moving average of $12.86. The company has a market cap of $789.1 million and a price-to-earnings ratio of 87.80.

Blount International (NYSE:BLT) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.19 earnings per share. The company’s revenue for the quarter 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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