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 (NYSE:NX) sees Q4 sales of $499.596 million-$504.494 million vs $497.355 million analyst estimate.
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StoneX analyst Reuben Garner reiterates Quanex Building Prods (NYSE:NX) with a Buy and maintains $28 price target.
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.
U.S. stocks fell as August jobs beat estimates; oil, gold and silver declined. Immuron, Quanex and AOUT surged, while GWRE, LULU and PATH dropped.