Worthington Enterprises (NYSE:WOR - Get Free Report) was upgraded by stock analysts at Canaccord Genuity Group from a "hold" rating to a "buy" rating in a report released on Monday, MarketBeat reports. The firm currently has a $67.00 price target on the industrial products company's stock, up from their previous price target of $54.00. Canaccord Genuity Group's price objective points to a potential upside of 15.10% from the stock's previous close.
Several other brokerages also recently weighed in on WOR. Seaport Res Ptn raised Worthington Enterprises to a "strong-buy" rating in a research note on Wednesday, January 29th. The Goldman Sachs Group lifted their target price on shares of Worthington Enterprises from $39.00 to $44.00 and gave the company a "sell" rating in a research report on Thursday, April 3rd. One investment analyst has rated the stock with a sell rating, two have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $52.33.
Read Our Latest Analysis on WOR
Worthington Enterprises Stock Performance
Shares of NYSE:WOR traded down $0.01 during trading on Monday, hitting $58.21. 223,163 shares of the stock traded hands, compared to its average volume of 308,249. The company has a fifty day moving average price of $47.08 and a two-hundred day moving average price of $43.10. Worthington Enterprises has a 52-week low of $37.88 and a 52-week high of $60.55. The company has a market cap of $2.91 billion, a price-to-earnings ratio of 70.13 and a beta of 1.18. The company has a quick ratio of 2.50, a current ratio of 3.56 and a debt-to-equity ratio of 0.32.
Worthington Enterprises (NYSE:WOR - Get Free Report) last posted its earnings results on Tuesday, March 25th. The industrial products company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.18. The business had revenue of $304.52 million for the quarter, compared to analyst estimates of $289.09 million. Worthington Enterprises had a net margin of 3.66% and a return on equity of 14.70%. The company's revenue for the quarter was down 3.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.80 EPS. As a group, equities analysts predict that Worthington Enterprises will post 2.67 EPS for the current year.
Institutional Investors Weigh In On Worthington Enterprises
A number of hedge funds have recently modified their holdings of WOR. Barclays PLC raised its holdings in Worthington Enterprises by 24.8% in the 3rd quarter. Barclays PLC now owns 128,158 shares of the industrial products company's stock valued at $5,312,000 after acquiring an additional 25,453 shares during the last quarter. Franklin Resources Inc. lifted its position in Worthington Enterprises by 7.5% during the third quarter. Franklin Resources Inc. now owns 18,604 shares of the industrial products company's stock worth $751,000 after buying an additional 1,293 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Worthington Enterprises by 90.7% during the third quarter. JPMorgan Chase & Co. now owns 138,115 shares of the industrial products company's stock worth $5,725,000 after buying an additional 65,685 shares during the last quarter. KBC Group NV grew its holdings in Worthington Enterprises by 63.7% in the 4th quarter. KBC Group NV now owns 1,860 shares of the industrial products company's stock valued at $75,000 after buying an additional 724 shares in the last quarter. Finally, Pacer Advisors Inc. increased its stake in shares of Worthington Enterprises by 9.7% in the 4th quarter. Pacer Advisors Inc. now owns 1,770,924 shares of the industrial products company's stock worth $71,032,000 after acquiring an additional 156,762 shares during the last quarter. 51.59% of the stock is currently owned by institutional investors and hedge funds.
About Worthington Enterprises
(
Get Free Report)
Worthington Enterprises, Inc operates as an industrial manufacturing company. It operates through three segments: Building Products, Consumer Products, and Sustainable Energy Solutions. The Building Products segment sells refrigerant and LPG cylinders, well water and expansion tanks, fire suppression tanks, chemical tanks, and foam and adhesive tanks for gas producers, and distributors.
Featured Stories
Before you consider Worthington Enterprises, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Worthington Enterprises wasn't on the list.
While Worthington Enterprises currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Today, we are inviting you to take a free peek at our proprietary, exclusive, and up-to-the-minute list of 20 stocks that Wall Street's top analysts hate.
Many of these appear to have good fundamentals and might seem like okay investments, but something is wrong. Analysts smell something seriously rotten about these companies. These are true "Strong Sell" stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
