Wedbush Just Issued “Outperform” Rating on Gibraltar Industries Inc (ROCK)

Gibraltar Industries Inc (ROCK) was Reiterated by Wedbush to “Outperform” while Lowering the Price Target of the company shares to $ 50 from a previous price target of $52 . Wedbush advised their Clients and Investors in a research report released on Feb 21, 2017.

Based on several research reports , Company shares were Reiterated by Wedbush on Dec 6, 2016 to “Outperform”, Firm has raised the Price Target to $ 52 from a previous price target of $45 .

On the company’s financial health, Gibraltar Industries Inc reported $0.30 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Feb 17, 2017. Analyst had a consensus of $0.24. The company had revenue of $231.90 million for the quarter, compared to analysts expectations of $228.60 million. The company’s revenue was down -17.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.29 EPS.

Gibraltar Industries Inc closed down -4 points or -9.03% at $40.3 with 9,66,481 shares getting traded on Friday. Post opening the session at $43.8, the shares hit an intraday low of $38.85 and an intraday high of $43.8 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

Gibraltar Industries Inc. is a manufacturer and distributor of products that provide structural and architectural enhancements for residential homes retail other commercial and professional buildings industrial plants bridges and a range of other structures. The Company operates through two segments: Residential Products and Industrial and Infrastructure Products. Residential Products primarily includes roof and foundation ventilation products mail and package storage products rain dispersion products and roofing accessories. The Industrial and Infrastructure Products primarily includes fabricated bar grating expanded and perforated metal expansion joints and structural bearings. The Company serves customers in North America Europe Asia Africa Australia and Central and South America. As of December 31 2014 the Company operated 35 facilities in the United States five in Canada and two in Europe of which 27 were leased and 15 were owned.

Gibraltar Industries Inc

Add Comment