Northwest Pipe Company (NWPX) Receives a Buy from Northland Securities

By Austin Angelo

Northland Securities analyst Gus Richard maintained a Buy rating on Northwest Pipe Company (NWPXResearch Report) today and set a price target of $45.00. The company’s shares closed last Monday at $34.27, close to its 52-week high of $34.70.

According to TipRanks.com, Richard is a top 100 analyst with an average return of 21.6% and a 68.8% success rate. Richard covers the Consumer Goods sector, focusing on stocks such as Northern Technologies International, SolarEdge Technologies, and Akoustis Technologies.

Northwest Pipe Company has an analyst consensus of Moderate Buy, with a price target consensus of $45.00.

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Based on Northwest Pipe Company’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $10.75 million. In comparison, last year the company had a net profit of $27.8 million.

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Northwest Pipe Co. operates as a manufacturer of engineered steel pipe water systems in North America. It operates through the Water Transmission segment, which manufactures steel pipeline systems for drinking water infrastructure.