Stifel disclosed Valmont (NYSE:VMI), stepping up its target to $170.00 earlier today
- Updated: April 21, 2017
Stifel bumped up the target of Valmont (NYSE:VMI) to $170.00 stating a potential upside of 0.09%.
On 4/17/2017, Stifel Nicolaus released a statement for Valmont (NYSE:VMI) bumped up the target price from $160.00 to $167.00 that suggested an upside of 0.14%.
Showing a price of $155.80, Valmont (NYSE:VMI) traded 2.47% higher on the day. The last stock price is up 8.14% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has increased 0.03% over the same period. Valmont has recorded a 50-day average of $152.57 and a two hundred day average of $144.07. Volume of trade was up over the average, with 488,500 shares of VMI changing hands over the typical 168,747
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Valmont has a 52 week low of $120.65 and a 52 week high of $165.20 with a P/E ratio of 20.42 The company’s market cap is currently $0.
About Valmont (NYSE:VMI)
Valmont Industries, Inc. is a producer of fabricated metal products, and steel, aluminum and composite pole, tower and other structures, and mechanized irrigation systems. The Company's segments are Engineered Support Structures (ESS); Utility Support Structures; Energy and Mining; Coatings; Irrigation, and Other. The ESS segment manufactures steel, aluminum, and composite poles and structures. The Utility Support Structures Segment manufactures steel and concrete pole structures for electrical transmission, substation and distribution applications. The Energy and Mining Segment produces access systems, which are engineered structures and components that allow people to move safely in an industrial, infrastructure or commercial facility. The Coatings Segment consists of galvanizing, anodizing and powder coating services on a global basis. The Irrigation Segment manufactures and distributes mechanical irrigation equipment and related service parts under the Valley brand name.
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