Valmont Industries with ticker code (VMI) have now 5 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The target price ranges between 350 and 235 calculating the average target price we see 283.6. Given that the stocks previous close was at 214.83 this is indicating there is a potential upside of 32.0%. There is a 50 day moving average of 229.56 and the 200 day moving average is 238.19. The company has a market cap of $4,642m. Company Website: https://www.valmont.com
The potential market cap would be $6,127m based on the market concensus.
Valmont Industries produces and sells fabricated metal products in the United States, Australia, Brazil, Denmark, and internationally. The company operates through four segments: Engineered Support Structures, Utility Support Structures, Coatings, and Irrigation. The Engineered Support Structures segment manufactures and distributes engineered metal, steel, wood, aluminum, and composite poles, towers, and components for lighting, traffic, and wireless communication markets; engineered access systems; integrated structure solutions for smart cities; and highway safety products. The Utility Support Structures segment manufactures engineered steel and concrete pole structures for utility transmission, distribution, substations, and renewable energy generation equipment; and inspection services. The Coatings segment provides hot-dipped galvanizing, anodizing, and powder coating services to preserve and protect metal products. The Irrigation segment manufactures and distributes mechanical irrigation equipment, and related parts and services under the Valley brand name for the agricultural industry; and tubular products for industrial customers. This segment also provides water management solutions and technology for precision agriculture. The company serves municipalities and government entities, commercial lighting fixtures manufacturing companies, contractors, telecommunications and utility companies, and large farms, as well as the general manufacturing sector. Valmont Industries was founded in 1946 and is headquartered in Omaha, Nebraska.
