Benchmark Maintains Buy Rating for Quanex Building Prods: Here's What You Need To Know

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Benchmark has decided to maintain its Buy rating of Quanex Building Prods NX and raise its price target from $33.00 to $35.00.

Shares of Quanex Building Prods are trading down 0.03% over the last 24 hours, at $30.84 per share.

A move to $35.00 would account for a 13.49% increase from the current share price.

About Quanex Building Prods

Quanex Building Products Corp is a manufacturer of components sold to original equipment manufacturers in the building products industry. It manufactures engineered products like window and door components that include flexible insulating glass spacers, extruded vinyl profiles, window and door screens, solar panel sealants and precision-formed metal and wood products among others. Its three operating segments are North American Fenestration being the key revenue driver, European Fenestration, and North American Cabinet Components. Geographically, it derives a majority of revenue from the United States.

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Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.

Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.

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