Equities research analysts at Benchmark Co. lowered their price target on shares of Valmont Industries, Inc. (NYSE: VMI) to $125.00 in a research note to investors on Wednesday.
Separately, analysts at The Benchmark Company cut their price target on shares of Valmont Industries, Inc. from $128.00 to $125.00 in a research note to investors on Wednesday. They now have a "buy" rating on the stock. Also, analysts at Stifel Nicolaus raised their price target on shares of Valmont Industries, Inc. from $127.00 to $128.00 in a research note to investors on Tuesday, April 19th. They now have a "buy" rating on the stock.
Shares of Valmont Industries, Inc. opened at 89.55 on Thursday. Valmont Industries, Inc. has a 52 week low of $65.94 and a 52 week high of $116.02. The stock's 50-day moving average is $96.87 and its 200-day moving average is $96.27. The company has a market cap of $2.363 billion and a price-to-earnings ratio of 22.80.
Valmont Industries, Inc. is a global producer of fabricated metal products. The Company operates through four segments: Engineered Support Structures (ESS), Utility Support Structures (USS), Coatings and Irrigation. Engineered Support Structures segment consists of the manufacturing of engineered metal structures and components for the global lighting and traffic and wireless communication industries. Utility Support Structures segment consists of the manufacturing of engineered steel and concrete structures for the global utility industry. Coatings segment consists of galvanizing, anodizing and powder coating services. Irrigation segment consists of the manufacturing of agricultural irrigation equipment and related parts and services. The Company also has other operations, including the manufacture of tubular products for a variety of industrial customers and the distribution of industrial fasteners.
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