Oppenheimer analyst Noah Kaye maintained a Buy rating on Twin Disc (TWIN) today and set a price target of $10.00. The company’s shares closed last Friday at $6.00, close to its 52-week low of $4.84.
According to TipRanks.com, Kaye is a 4-star analyst with an average return of 7.1% and a 58.0% success rate. Kaye covers the Industrial Goods sector, focusing on stocks such as Rockwell Automation, Johnson Controls, and Dana Holding.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Twin Disc with a $10.00 average price target.
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Based on Twin Disc’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $68.64 million and GAAP net loss of $25.23 million. In comparison, last year the company earned revenue of $77.42 million and had a net profit of $4.56 million.
Based on the recent corporate insider activity of 18 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of TWIN in relation to earlier this year.
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Twin Disc, Inc. engages in manufacturing and sale of marine and off-highway power transmission equipment. It operates through the Manufacturing and Distribution segments. The Manufacturing segment refers to the manufacturing, assembly, and office facilities in Racine, Wisconsin, U.S.A.; Nivelles, Belgium; Decima, Italy; and Novazzano, Switzerland. The Distribution segment includes properties in Singapore, China, India, and Japan which are leased and are used for sales offices, warehousing, and light assembly or product service. The company was founded by P.H. Batten in 1918 and is headquartered in Racine, WI.
