Park-Ohio Holdings Corp. (PKOH) Given Consensus Recommendation of “Hold” by Brokerages
Park-Ohio Holdings Corp. (NASDAQ:PKOH) has received an average recommendation of “Hold” from the six brokerages that are currently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $50.00.
A number of research analysts have recently commented on PKOH shares. FBR & Co upped their target price on Park-Ohio Holdings Corp. from $33.00 to $37.00 and gave the company a “mkt perform” rating in a research note on Wednesday, August 9th. BidaskClub raised Park-Ohio Holdings Corp. from a “sell” rating to a “hold” rating in a research note on Wednesday, August 16th. Finally, Zacks Investment Research raised Park-Ohio Holdings Corp. from a “hold” rating to a “buy” rating and set a $44.00 target price on the stock in a research note on Thursday, August 31st.
In related news, Director James W. Wert sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $40.80, for a total value of $102,000.00. Following the completion of the sale, the director now owns 81,695 shares in the company, valued at $3,333,156. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Robert D. Vilsack sold 7,436 shares of the business’s stock in a transaction that occurred on Thursday, September 28th. The shares were sold at an average price of $45.02, for a total value of $334,768.72. Following the completion of the sale, the insider now owns 103,527 shares of the company’s stock, valued at approximately $4,660,785.54. The disclosure for this sale can be found here. Insiders sold 39,650 shares of company stock valued at $1,647,828 in the last quarter. 31.00% of the stock is owned by company insiders.
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Shares of Park-Ohio Holdings Corp. (NASDAQ:PKOH) opened at 45.40 on Thursday. The company’s 50-day moving average price is $43.85 and its 200 day moving average price is $39.83. Park-Ohio Holdings Corp. has a one year low of $30.01 and a one year high of $47.00. The stock has a market capitalization of $553.83 million, a PE ratio of 17.18 and a beta of 3.46.
Park-Ohio Holdings Corp. (NASDAQ:PKOH) last released its earnings results on Monday, August 7th. The industrial products company reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.02. The firm had revenue of $350.90 million for the quarter, compared to analysts’ expectations of $355.83 million. Park-Ohio Holdings Corp. had a return on equity of 16.90% and a net margin of 2.50%. Analysts anticipate that Park-Ohio Holdings Corp. will post $3.25 EPS for the current year.
About Park-Ohio Holdings Corp.
Park-Ohio Holdings Corp. is a diversified international company providing supply chain management outsourcing services, capital equipment used on their production lines and manufactured components used to assemble its products. The Company operates in three segments: Supply Technologies, Assembly Components and Engineered Products.
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