Zacks: Broadwind Energy Inc. (BWEN) Given $3.50 Consensus Target Price by Analysts

Broadwind Energy Inc. (NASDAQ:BWEN) has earned a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a strong buy recommendation.

Brokerages have set a 1 year consensus target price of $3.50 for the company and are predicting that the company will post ($0.27) EPS for the current quarter, according to Zacks. Zacks has also assigned Broadwind Energy an industry rank of 81 out of 257 based on the ratings given to its competitors.

A number of equities research analysts have weighed in on BWEN shares. ValuEngine upgraded shares of Broadwind Energy from a “hold” rating to a “buy” rating in a report on Friday, November 2nd. Zacks Investment Research upgraded shares of Broadwind Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, October 31st.

Shares of BWEN stock traded up $0.05 during mid-day trading on Wednesday, reaching $1.70. The stock had a trading volume of 5 shares, compared to its average volume of 11,736. Broadwind Energy has a 52-week low of $1.65 and a 52-week high of $3.28. The company has a current ratio of 0.89, a quick ratio of 0.39 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $25.77 million, a price-to-earnings ratio of -3.11 and a beta of 1.50.

Broadwind Energy (NASDAQ:BWEN) last announced its quarterly earnings results on Tuesday, October 30th. The industrial products company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.09). Broadwind Energy had a negative net margin of 16.14% and a negative return on equity of 22.71%. The company had revenue of $31.45 million for the quarter, compared to analysts’ expectations of $31.30 million. Equities analysts predict that Broadwind Energy will post -0.78 EPS for the current year.

An institutional investor recently raised its position in Broadwind Energy stock. Grace & White Inc. NY lifted its position in Broadwind Energy Inc. (NASDAQ:BWEN) by 7.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,550,987 shares of the industrial products company’s stock after purchasing an additional 110,810 shares during the period. Grace & White Inc. NY owned about 10.03% of Broadwind Energy worth $3,381,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 39.81% of the stock is owned by hedge funds and other institutional investors.

Broadwind Energy Company Profile

Broadwind Energy, Inc provides products to the energy, mining, and infrastructure sector customers primarily in the United States. It operates through three segments: Towers and Heavy Fabrications, Gearing, and Process Systems. The Towers and Heavy Fabrications segment manufactures towers that are designed for various megawatt wind turbines primarily serving wind turbine manufacturers; and specialty fabrications and specialty weldments for mining and other industrial customers.

Further Reading: Market Capitalization in the Stock Market

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