Market Overview

D.A. Davidson Reiterates Neutral Rating, Lowers Price Target On Powell Industries On Soft Q1/Outlook

Share:

In a report published Thursday, D.A. Davidson analyst Brent Thielman reiterated a Neutral rating on Powell Industries (NASDAQ: POWL), but lowered the price target from $42.00 to $40.00.

In the report, D.A. Davidson noted, "Powell reported Q1 earnings from continuing operations of $(0.02) per share compared to $0.60 last year. Earnings were below our estimate of $0.32 and consensus of $0.29. Costs incurred to maintain customer project schedule commitments, both in Canada and its Houston operations, dampened earnings. Issues related to ramping it's Canadian facility and software implementation in Houston had also been issues in prior quarters."

Powell Industries closed on Wednesday at $36.70.

Latest Ratings for POWL

DateFirmActionFromTo
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

StockFirmActionPT
VIPSKeyBancMaintains14.0
CSCOKeyBancMaintains52.0
BGNECLSADowngrades
SWKSMizuhoMaintains90.0
KEMB. Riley FBRDowngrades27.2
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 vipaccounts@benzinga.com

GBP/USD Higher

Twitter And Google, Together Again