Valmont Industries which can be found using ticker (VMI) now have 6 market analysts covering the stock. The analyst consensus now points to a rating of ‘Buy’. The target price High/Low ranges between 380 and 275 and has a mean target at $334.50. Given that the stocks previous close was at $290.56 this would indicate that there is a potential upside of 15.1%. The 50 day MA is $306.70 and the 200 day moving average is $303.11. The company has a market cap of $6,148m. Visit the company website at: https://www.valmont.com
The potential market cap would be $7,078m based on the market consensus.
Valmont Industries produces and sells metal products in the United States, Australia, Brazil, Denmark, and internationally. The company operates through two segments: Infrastructure and Agriculture. It manufactures and distributes steel, pre-stressed concrete, composite, and hybrid structures for lighting, transportation, and telecommunications equipment, as well as electrical transmission, distribution, substations, and renewable energy generation equipment; and provides coatings services to preserve metal products. The company also manufactures center pivot components and linear irrigation equipment, and related parts and services under the Valley brand name for the agricultural industry; tubular products for industrial customers; and advanced technology solutions for agricultural sector. It serves municipalities and government entities, commercial lighting fixtures manufacturing companies, contractors, telecommunications and utility companies, and farms, as well as the general manufacturing sector. The company was founded in 1946 and is headquartered in Omaha, Nebraska.
The company has a dividend yield of 0.83% with the ex dividend date set at 29-6-2023 (DMY).
Other points of data to note are a P/E ratio of 23.93, revenue per share of 207.75 and a 8.12% return on assets.
