Houston Wire & Cable Company Price Target Increased to $14.50 by Analysts at Raymond James (HWCC)
Equities researchers at Raymond James lifted their target price on shares of Houston Wire & Cable Company (NASDAQ: HWCC) from $12.00 to $14.50 in a report issued on Tuesday. The firm currently has an “outperform” rating on the stock.
Houston Wire & Cable Company (NASDAQ: HWCC) traded up 0.31% on Tuesday, hitting $12.79. Houston Wire & Cable Company has a 52-week low of $10.32 and a 52-week high of $15.09. The stock’s 50-day moving average is currently $11.87. The company has a market cap of $228.0 million and a price-to-earnings ratio of 14.36.
Houston Wire & Cable Company (NASDAQ: HWCC) last released its earnings data on Monday, March 18th. The company reported $0.25 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.21 by $0.04. The company had revenue of $104.40 million for the quarter, compared to the consensus estimate of $92.62 million. During the same quarter in the prior year, the company posted $0.16 earnings per share. The company’s quarterly revenue was up 19.3% on a year-over-year basis. On average, analysts predict that Houston Wire & Cable Company will post $0.92 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Zacks upgraded shares of Houston Wire & Cable Company from an “underperform” rating to a “neutral” rating in a research note to investors on Thursday, January 31st. They now have a $12.00 price target on the stock.
Houston Wire & Cable Company is a distributor of specialty wire and cable and related services to the United States electrical distribution market.
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