Shares of Pioneer Power Solutions, Inc. (NASDAQ:PPSI) have received an average broker rating score of 1.00 (Strong Buy) from the one analysts that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.
Brokers have set a one year consensus price target of $8.00 for the company and are anticipating that the company will post $0.13 EPS for the current quarter, according to Zacks. Zacks has also assigned Pioneer Power Solutions an industry rank of 96 out of 265 based on the ratings given to its competitors.
A number of equities analysts have recently commented on the company. Zacks Investment Research raised Pioneer Power Solutions from a “sell” rating to a “hold” rating in a report on Tuesday, July 18th. ValuEngine lowered Pioneer Power Solutions from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 3rd.
Several large investors have recently modified their holdings of the company. Renaissance Technologies LLC acquired a new stake in shares of Pioneer Power Solutions during the first quarter worth about $260,000. Kennedy Capital Management Inc. increased its stake in shares of Pioneer Power Solutions by 14.6% in the first quarter. Kennedy Capital Management Inc. now owns 321,828 shares of the industrial products company’s stock worth $2,414,000 after buying an additional 41,069 shares during the period. North Star Investment Management Corp. increased its stake in shares of Pioneer Power Solutions by 0.8% in the second quarter. North Star Investment Management Corp. now owns 401,175 shares of the industrial products company’s stock worth $2,628,000 after buying an additional 3,200 shares during the period. Finally, Heartland Advisors Inc. increased its stake in shares of Pioneer Power Solutions by 16.8% in the first quarter. Heartland Advisors Inc. now owns 350,500 shares of the industrial products company’s stock worth $2,629,000 after buying an additional 50,500 shares during the period. Institutional investors own 18.86% of the company’s stock.
Shares of Pioneer Power Solutions (PPSI) traded down 4.18% during trading on Monday, reaching $6.00. The company’s stock had a trading volume of 1,483 shares. Pioneer Power Solutions has a 52-week low of $4.85 and a 52-week high of $9.40. The stock’s market cap is $52.27 million. The stock has a 50-day moving average of $6.45 and a 200-day moving average of $7.08.
Pioneer Power Solutions (NASDAQ:PPSI) last announced its quarterly earnings data on Thursday, May 11th. The industrial products company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.05. Pioneer Power Solutions had a positive return on equity of 17.48% and a negative net margin of 0.87%. The business had revenue of $27.26 million during the quarter, compared to analyst estimates of $29 million. Analysts predict that Pioneer Power Solutions will post $0.60 earnings per share for the current fiscal year.
About Pioneer Power Solutions
Pioneer Power Solutions, Inc manufactures, sells and services a range of specialty electrical transmission, distribution and on-site power generation equipment for applications in the utility, industrial, commercial and backup power markets. The Company operates through two segments: Transmission & Distribution Solutions (T&D Solutions) and Critical Power Solutions (Critical Power).
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