Boenning & Scattergood Starts Northwest Pipe Company (NWPX) at Outperform; L-T Trends in Water, Commodities and Energy
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Price: $27.51 -1.22%
Rating Summary:
2 Buy, 0 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Rating Summary:
2 Buy, 0 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Trade NWPX Now!
Boenning & Scattergood initiates coverage on Northwest Pipe Company (NASDAQ: NWPX) with an Outperform. PT $30.00.
Analyst, Gerard Sweeney, said, "Northwest Pipe’s two segments, Water Transmission Group (WTG) and Tubular Goods, are opposite in terms of product positioning...WTG provides specialized wide diameter pressure pipe for water conveyance...Tubular is highly commoditized and driven by energy spending. The emergence of unconventional E&P will be a secular driver for tubular products."
"Increasing yields in the Tubular segment in conjunction with a rebounding WTG, NWPX is well positioned to grow EPS regardless of headwinds. Looking out to 2013 with continued increase in tubular production yields and modest gross margin improvements in conjunction with a firming WTG, Northwest could generate $2.49 in EPS."
For an analyst ratings summary and ratings history on Northwest Pipe Company click here. For more ratings news on Northwest Pipe Company click here.
Shares of Northwest Pipe Company closed at $24.23 yesterday, with a 52 week range of $18.87-$30.92.
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Analyst, Gerard Sweeney, said, "Northwest Pipe’s two segments, Water Transmission Group (WTG) and Tubular Goods, are opposite in terms of product positioning...WTG provides specialized wide diameter pressure pipe for water conveyance...Tubular is highly commoditized and driven by energy spending. The emergence of unconventional E&P will be a secular driver for tubular products."
"Increasing yields in the Tubular segment in conjunction with a rebounding WTG, NWPX is well positioned to grow EPS regardless of headwinds. Looking out to 2013 with continued increase in tubular production yields and modest gross margin improvements in conjunction with a firming WTG, Northwest could generate $2.49 in EPS."
For an analyst ratings summary and ratings history on Northwest Pipe Company click here. For more ratings news on Northwest Pipe Company click here.
Shares of Northwest Pipe Company closed at $24.23 yesterday, with a 52 week range of $18.87-$30.92.
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