Park Electrochemical Corp. Rating Lowered to Neutral at Zacks (PKE)
Park Electrochemical Corp. (NYSE:PKE) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a report issued on Tuesday. They currently have a $34.90 price objective on the stock. Zacks‘s price target suggests a potential upside of 24.02% from the company’s current price.
Shares of Park Electrochemical Corp. (NYSE:PKE) traded down 1.67% during mid-day trading on Tuesday, hitting $27.67. The stock had a trading volume of 24,078 shares. Park Electrochemical Corp. has a one year low of $24.03 and a one year high of $32.46. The stock’s 50-day moving average is $28.79 and its 200-day moving average is $28.17. The company’s market cap is $579.0 million.
Park Electrochemical Corp. (NYSE:PKE) last announced its earnings results on Tuesday, July 1st. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.07. The company had revenue of $48.82 million for the quarter, compared to the consensus estimate of $49.04 million. During the same quarter in the prior year, the company posted $0.25 earnings per share. Analysts expect that Park Electrochemical Corp. will post $1.53 EPS for the current fiscal year.
PKE has been the subject of a number of other recent research reports. Analysts at TheStreet upgraded shares of Park Electrochemical Corp. to a “buy” rating in a research note on Monday, July 14th. Analysts at Needham & Company LLC upgraded shares of Park Electrochemical Corp. from a “hold” rating to a “buy” rating in a research note on Wednesday, July 2nd. They now have a $33.00 price target on the stock.
Park Electrochemical Corp. (NYSE:PKE) through its subsidiaries, is a global advanced materials company, which develops, manufactures, markets and sells high-technology digital and radio frequency (RF)/microwave printed circuit materials products principally for the telecommunications and Internet infrastructure and high-end computing markets and advanced composite materials, parts and assemblies products principally for the aerospace markets.
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