PGT, Inc. (PGTI) Receives $14.00 Average Price Target from Brokerages

Shares of PGT, Inc. (NYSE:PGTI) have been assigned an average recommendation of “Buy” from the nine research firms that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $16.67.

PGTI has been the subject of several research analyst reports. Raymond James Financial, Inc. lowered PGT from an “outperform” rating to a “market perform” rating in a research note on Friday, August 4th. BidaskClub lowered PGT from a “hold” rating to a “sell” rating in a research note on Saturday, October 21st. B. Riley reissued a “buy” rating on shares of PGT in a research note on Wednesday, November 1st. Dougherty & Co raised PGT from a “neutral” rating to a “buy” rating in a research note on Friday, November 3rd. Finally, FBR & Co reissued a “buy” rating and set a $15.00 price objective (up previously from $13.00) on shares of PGT in a research note on Monday, August 21st.

A number of hedge funds have recently modified their holdings of the business. Louisiana State Employees Retirement System lifted its stake in PGT by 0.5% during the second quarter. Louisiana State Employees Retirement System now owns 20,100 shares of the construction company’s stock worth $257,000 after purchasing an additional 100 shares during the last quarter. Arizona State Retirement System lifted its stake in PGT by 0.8% during the second quarter. Arizona State Retirement System now owns 25,735 shares of the construction company’s stock worth $329,000 after purchasing an additional 200 shares during the last quarter. Texas Permanent School Fund lifted its stake in PGT by 1.7% during the second quarter. Texas Permanent School Fund now owns 36,083 shares of the construction company’s stock worth $462,000 after purchasing an additional 609 shares during the last quarter. Macquarie Group Ltd. lifted its stake in PGT by 0.8% during the second quarter. Macquarie Group Ltd. now owns 128,064 shares of the construction company’s stock worth $1,639,000 after purchasing an additional 973 shares during the last quarter. Finally, Nationwide Fund Advisors lifted its stake in PGT by 3.6% during the second quarter. Nationwide Fund Advisors now owns 28,511 shares of the construction company’s stock worth $365,000 after purchasing an additional 988 shares during the last quarter. 94.06% of the stock is owned by hedge funds and other institutional investors.

PGT (NYSE:PGTI) traded up $0.40 during trading hours on Friday, reaching $15.35. The company had a trading volume of 483,600 shares, compared to its average volume of 320,666. The company has a market capitalization of $742.43, a price-to-earnings ratio of 28.21, a price-to-earnings-growth ratio of 1.62 and a beta of 1.16. PGT has a 12 month low of $10.00 and a 12 month high of $15.38. The company has a quick ratio of 2.71, a current ratio of 3.67 and a debt-to-equity ratio of 1.50.

PGT (NYSE:PGTI) last posted its quarterly earnings data on Thursday, November 2nd. The construction company reported $0.16 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.03). The business had revenue of $126.90 million for the quarter, compared to the consensus estimate of $129.82 million. PGT had a net margin of 4.87% and a return on equity of 19.02%. PGT’s quarterly revenue was down 2.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.19 EPS. equities analysts predict that PGT will post 0.57 earnings per share for the current year.

TRADEMARK VIOLATION NOTICE: “PGT, Inc. (PGTI) Receives $14.00 Average Price Target from Brokerages” was posted by Markets Daily and is the property of of Markets Daily. If you are reading this report on another site, it was stolen and republished in violation of international trademark and copyright legislation. The legal version of this report can be read at https://www.themarketsdaily.com/2017/11/16/pgt-inc-pgti-receives-14-00-average-price-target-from-brokerages.html.

PGT Company Profile

PGT Innovations, Inc, formerly PGT, Inc, is a manufacturer of impact-resistant windows and doors. The Company’s brands include CGI, PGT Windows + Doors and WinDoor. CGI serves residential and commercial markets in both new and existing construction. CGI manufacturing and delivery facilities are based in Miami, Florida.

Analyst Recommendations for PGT (NYSE:PGTI)

Receive News & Ratings for PGT Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PGT Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply