Sidoti Remains a Hold on Powell Industries (POWL)

By Ryan Adsit

Sidoti analyst John Franzreb reiterated a Hold rating on Powell Industries (POWLResearch Report) today and set a price target of $47.00. The company’s shares closed last Monday at $46.49, close to its 52-week high of $47.22.

According to, Franzreb is a 3-star analyst with an average return of 5.9% and a 57.9% success rate. Franzreb covers the Industrial Goods sector, focusing on stocks such as Altra Industrial Motion, Hillenbrand, and EnerSys.

Currently, the analyst consensus on Powell Industries is a Hold with an average price target of $45.00.

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Based on Powell Industries’ latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $6.54 million. In comparison, last year the company had a net profit of $1.54 million.

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Powell Industries, Inc. engages in the development, design, manufacture, and provision of services of custom-engineered products and systems. Its products include integrated power control room substation, custom-engineered modules, electrical houses, traditional and arc-resistant distribution switchgear and control gear, medium-voltage circuit breakers, monitoring and control communications systems, motor control centers, and bus duct systems. The company was founded by William E. Powell in 1947 and is headquartered in Houston, TX.