Valmont Industries found using ticker (VMI) have now 5 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 350 and 235 with a mean TP of 285.4. Given that the stocks previous close was at 216.7 this would imply there is a potential upside of 31.7%. The 50 day moving average now sits at 235.77 and the 200 day MA is 239.8. The company has a market cap of $4,552m. Find out more information at: https://www.valmont.com
The potential market cap would be $5,994m based on the market concensus.
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Valmont Industries produces and sells fabricated metal products in the United States, Australia, 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, powder coating, and e-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.