Wedbush Assumes Virco Manufacturing (VIRC) at Outperform

Wedbush assumes coverage on Virco Manufacturing (NASDAQ: VIRC) with a Outperform rating and a price target of $6.00.

Analyst Jay McCanless comments "We believe VIRC is one of the last vertically integrated manufacturers for school furniture in the United States. We anticipate demand for VIRC’s products is rising at the same time as its input costs are generally falling. As a result, we view VIRC as undervalued at current levels."

FY 2017 EPS estimate is for $0.44 and FY 2018 EPS estimate is for $0.56.

For an analyst ratings summary and ratings history on Virco Manufacturing click here. For more ratings news on Virco Manufacturing click here.

Shares of Virco Manufacturing closed at $5.00 yesterday.

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