Powell Industries (NASDAQ:POWL) Stock Rating Lowered by BidaskClub

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Powell Industries (NASDAQ:POWL) was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued to investors on Tuesday, BidAskClub reports.

POWL has been the subject of several other reports. Sidoti cut Powell Industries from a “buy” rating to a “neutral” rating and lifted their price target for the company from $45.00 to $47.00 in a research report on Tuesday, December 3rd. ValuEngine lowered Powell Industries from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd. Finally, TheStreet upgraded Powell Industries from a “c+” rating to a “b-” rating in a research report on Monday, November 4th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $47.00.

Shares of NASDAQ POWL traded up $0.21 during midday trading on Tuesday, hitting $46.66. 1,961 shares of the stock traded hands, compared to its average volume of 73,241. The company has a market cap of $549.48 million, a PE ratio of 55.74 and a beta of 1.29. Powell Industries has a one year low of $26.21 and a one year high of $50.81. The business has a 50 day moving average price of $47.69 and a two-hundred day moving average price of $40.39.

Powell Industries (NASDAQ:POWL) last announced its quarterly earnings results on Wednesday, December 4th. The industrial products company reported $0.55 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.17. Powell Industries had a net margin of 1.91% and a return on equity of 3.35%. The business had revenue of $148.50 million for the quarter, compared to analysts’ expectations of $139.04 million. During the same quarter last year, the firm earned $0.13 EPS. The firm’s revenue for the quarter was up 10.1% compared to the same quarter last year.

A number of hedge funds have recently bought and sold shares of POWL. Tower Research Capital LLC TRC bought a new position in Powell Industries during the 3rd quarter valued at approximately $46,000. Meeder Asset Management Inc. bought a new stake in shares of Powell Industries in the 3rd quarter worth $62,000. Bank of Montreal Can increased its holdings in shares of Powell Industries by 45.2% in the 2nd quarter. Bank of Montreal Can now owns 2,411 shares of the industrial products company’s stock worth $92,000 after purchasing an additional 750 shares in the last quarter. Pacer Advisors Inc. bought a new stake in shares of Powell Industries in the 3rd quarter worth $114,000. Finally, State of Tennessee Treasury Department increased its holdings in shares of Powell Industries by 8.5% in the 3rd quarter. State of Tennessee Treasury Department now owns 4,108 shares of the industrial products company’s stock worth $161,000 after purchasing an additional 323 shares in the last quarter. 66.39% of the stock is owned by institutional investors.

Powell Industries Company Profile

Powell Industries, Inc, together with its subsidiaries, designs, develops, manufactures, sells, and services custom-engineered equipment and systems for the distribution, control, and monitoring of electrical energy. The company's principal products include integrated power control room substations, custom-engineered modules, electrical houses, medium-voltage circuit breakers, monitoring and control communications systems, motor control centers, and bus duct systems, as well as traditional and arc-resistant distribution switchgears and control gears.

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