Needham & Company Gives Strong-Buy Rating to Polypore (PPO)
Several other analysts have also recently commented on the stock. Analysts at Stifel Nicolaus cut their price target on shares of Polypore from $50.00 to $48.00 in a research note to investors on Monday, March 5th. They now have a “buy” rating on the stock.
Polypore traded down 2.09% on Thursday, hitting $38.46. Polypore has a 52-week low of $33.80 and a 52-week high of $74.21. The company has a market cap of $1.788 billion and a price-to-earnings ratio of 18.88.
The company last announced its quarterly results on Wednesday, May 2nd. It reported $0.40 earnings per share (EPS) for the previous quarter, missing the Thomson Reuters consensus estimate of $0.44 EPS by $0.04. The company’s quarterly revenue was down 6.5% on a year-over-year basis. Analysts expect that Polypore will post $0.67 EPS next quarter.
Polypore International, Inc. is a global high technology filtration company that develops, manufactures and markets specialized microporous membranes used in separation and filtration processes.