Northwest Pipe (NWPX) Given $26.00 Consensus Target Price by Brokerages

Northwest Pipe (NASDAQ:NWPX) has been given an average broker rating score of 1.00 (Strong Buy) from the one analysts that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.

Analysts have set a one year consensus price objective of $26.00 for the company and are anticipating that the company will post ($0.20) earnings per share for the current quarter, according to Zacks. Zacks has also given Northwest Pipe an industry rank of 101 out of 255 based on the ratings given to its competitors.

A number of equities research analysts recently weighed in on the stock. Zacks Investment Research cut shares of Northwest Pipe from a “hold” rating to a “strong sell” rating in a research report on Thursday. ValuEngine raised shares of Northwest Pipe from a “hold” rating to a “buy” rating in a research report on Thursday, May 17th.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. US Bancorp DE purchased a new stake in shares of Northwest Pipe in the first quarter valued at about $167,000. Wells Fargo & Company MN raised its holdings in shares of Northwest Pipe by 153.0% in the fourth quarter. Wells Fargo & Company MN now owns 13,016 shares of the industrial products company’s stock valued at $250,000 after buying an additional 7,871 shares during the last quarter. NJ State Employees Deferred Compensation Plan purchased a new stake in shares of Northwest Pipe in the first quarter valued at about $329,000. Deutsche Bank AG raised its holdings in shares of Northwest Pipe by 86.5% in the fourth quarter. Deutsche Bank AG now owns 21,679 shares of the industrial products company’s stock valued at $412,000 after buying an additional 10,056 shares during the last quarter. Finally, Morgan Dempsey Capital Management LLC raised its holdings in shares of Northwest Pipe by 152.8% in the first quarter. Morgan Dempsey Capital Management LLC now owns 22,084 shares of the industrial products company’s stock valued at $382,000 after buying an additional 13,349 shares during the last quarter. 87.05% of the stock is owned by hedge funds and other institutional investors.

Shares of NWPX opened at $19.08 on Thursday. Northwest Pipe has a 1-year low of $14.60 and a 1-year high of $22.00. The firm has a market capitalization of $191.59 million, a P/E ratio of -29.35, a P/E/G ratio of 19.68 and a beta of 1.12.

About Northwest Pipe

Northwest Pipe Company manufactures engineered steel pipe water systems in North America. It produces large-diameter, high-pressure, and engineered welded steel pipeline systems for use in drinking water infrastructure; and pipes for piling and hydroelectric projects, wastewater treatment plants, and other applications, as well as for industrial plant piping systems and structural applications.

Featured Article: How to Track your Portfolio in Google Finance

Get a free copy of the Zacks research report on Northwest Pipe (NWPX)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Northwest Pipe Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Northwest Pipe and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply