StoneX Reiterates Buy on Quanex Building Prods, Maintains $28 Price Target
StoneX analyst Reuben Garner reiterates Quanex Building Prods (NYSE:NX) with a Buy and maintains $28 price target.
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Quanex Building Prods Q3 Adj. EPS $0.79 Beats $0.66 Estimate, Sales $501.845M Beat $497.507M Estimate
Quanex Building Prods (NYSE:NX) reported quarterly earnings of $0.79 per share which beat the analyst consensus estimate of $0.66 by 19.7 percent. This is a 14.49 percent increase over earnings of $0.69 per share from
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Quanex Building Products Corporation (NX) Hit a 52 Week High, Can the Run Continue?
Quanex Building Products (NX) has reached a 52-week high of $23.23, gaining 49.1% year-to-date and outperforming its sector. The company has beaten earnings estimates for four consecutive quarters, with recent EPS of $0.79 versus consensus of $0.68. Trading at 13X current fiscal year EPS with a PEG ratio of 0.93, the stock appears undervalued and carries a Zacks Rank #2 (Buy) rating with a VGM Score of A, suggesting potential for continued gains.
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