Market Overview

UPDATE: D.A. Davidson Reiterates On Powell Industries On Near-Term Margin Complications


In a report published Thursday, D.A. Davidson analyst Brent Thielman reiterated a Buy rating on Powell Industries (NASDAQ: POWL), but lowered the price target from $80.00 to $70.00.

In the report, D.A. Davidson noted, “Powell Industries reported Q3 EPS of $0.24 from continuing operations compared to $0.76 last year. This was well below our forecast of $0.89 and consensus of $0.77. Margins declined due to headwinds in its Canadian operation as the company ramps production at its new facility, deferring revenue into Q4 and 2015. Additionally, schedule changes on certain U.S. projects led to lower than expected sales.”

Powell Industries closed on Wednesday at $52.70.

Latest Ratings for POWL

Dec 2018MaintainsBuyBuy
Feb 2015DowngradesBuyHold
Jan 2015UpgradesUnderperformNeutral

View More Analyst Ratings for POWL
View the Latest Analyst Ratings

Posted-In: Brent Thielman D.A. DavidsonAnalyst Color Price Target Analyst Ratings


Related Articles (POWL)

View Comments and Join the Discussion!

Latest Ratings

ROSTMKM PartnersMaintains121.0
BJDeutsche BankMaintains27.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Trading Daily
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at

Morning Market Movers

3 Companies That Should Benefit From The New Initiative In Africa