Imperial Capital Reiterates Outperform on Quanex (NX) Ahead of 3Q

August 31, 2016 7:00 AM EDT
Get Alerts NX Hot Sheet
Price: $16.80 +1.82%

Rating Summary:
    3 Buy, 5 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 25 | Down: 28 | New: 31
Trade NX Now!
Join SI Premium – FREE

Get access to the best calls on Wall Street with's Ratings Insider Elite. Get your Free Trial here.

Imperial Capital reiterated an Outperform rating and $25.00 price target on Quanex Building Products (NYSE: NX) ahead of the company's 3Q earnings report. Quanex is scheduled to report 3Q16 earnings after market close on 9/6/16.

Analyst Scott Levine commented, "We are maintaining our Outperform rating on NX shares and our one-year price target of $25. Our price target is 27% above the recent share price. We expect NX to benefit from growth in window and cabinet component demand, driven by housing construction and repair and remodeling (R&R) activity. We expect NX’s earnings growth to accelerate over the next few years, driven by recent acquisitions, continued improvement in the vinyl profile business, and reduced interest expense."

For an analyst ratings summary and ratings history on Quanex Building Products click here. For more ratings news on Quanex Building Products click here.

Shares of Quanex Building Products closed at $19.65 yesterday.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Analyst Comments, Analyst EPS Change

Related Entities

Earnings, Imperial Capital

Add Your Comment