Park-Ohio Holdings Corp. (NASDAQ:PKOH) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Park-Ohio Holdings Corp. (NASDAQ:PKOH) have received an average recommendation of “Hold” from the seven research firms that are currently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $20.33.

PKOH has been the topic of several analyst reports. B. Riley decreased their price target on shares of Park-Ohio from $30.00 to $10.00 and set a “neutral” rating on the stock in a research note on Friday, March 13th. Zacks Investment Research cut shares of Park-Ohio from a “hold” rating to a “sell” rating in a research note on Saturday, June 13th. Sidoti decreased their price target on shares of Park-Ohio from $36.00 to $29.00 and set a “buy” rating on the stock in a research note on Wednesday, April 8th. KeyCorp decreased their price target on shares of Park-Ohio from $24.00 to $22.00 and set an “overweight” rating on the stock in a research note on Friday, May 8th. Finally, ValuEngine raised shares of Park-Ohio from a “sell” rating to a “hold” rating in a research note on Friday, June 5th.

NASDAQ PKOH traded up $0.85 during trading hours on Friday, reaching $16.49. The company’s stock had a trading volume of 144,927 shares, compared to its average volume of 69,587. The stock has a market cap of $194.86 million, a PE ratio of 5.47 and a beta of 1.73. Park-Ohio has a fifty-two week low of $10.78 and a fifty-two week high of $36.11. The company’s 50-day moving average is $14.90 and its two-hundred day moving average is $22.81. The company has a debt-to-equity ratio of 1.84, a quick ratio of 1.33 and a current ratio of 2.46.

Park-Ohio (NASDAQ:PKOH) last issued its quarterly earnings data on Wednesday, May 6th. The industrial products company reported $0.13 EPS for the quarter, missing the Zacks’ consensus estimate of $0.57 by ($0.44). The business had revenue of $366.30 million during the quarter, compared to analyst estimates of $385.53 million. Park-Ohio had a net margin of 1.83% and a return on equity of 10.50%. Equities analysts expect that Park-Ohio will post -0.69 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently bought and sold shares of the company. State Street Corp increased its stake in shares of Park-Ohio by 28.0% in the first quarter. State Street Corp now owns 219,607 shares of the industrial products company’s stock worth $4,159,000 after buying an additional 48,003 shares during the last quarter. Richard P Slaughter Associates Inc increased its stake in shares of Park-Ohio by 3.6% in the first quarter. Richard P Slaughter Associates Inc now owns 50,849 shares of the industrial products company’s stock worth $963,000 after buying an additional 1,766 shares during the last quarter. Invesco Ltd. increased its stake in shares of Park-Ohio by 39.8% in the first quarter. Invesco Ltd. now owns 33,773 shares of the industrial products company’s stock worth $640,000 after buying an additional 9,612 shares during the last quarter. Wells Fargo & Company MN increased its stake in shares of Park-Ohio by 33.0% in the first quarter. Wells Fargo & Company MN now owns 33,265 shares of the industrial products company’s stock worth $630,000 after buying an additional 8,248 shares during the last quarter. Finally, Gamco Investors INC. ET AL increased its stake in shares of Park-Ohio by 2.7% in the first quarter. Gamco Investors INC. ET AL now owns 783,341 shares of the industrial products company’s stock worth $14,836,000 after buying an additional 20,466 shares during the last quarter. Institutional investors own 52.65% of the company’s stock.

Park-Ohio Company Profile

Park-Ohio Holdings Corp. provides supply chain management outsourcing services, capital equipment, and manufactured components in the United States, Europe, Asia, Mexico, Canada, and internationally. The company's Supply Technologies segment offers Total Supply Management solution, including engineering and design support, part usage and cost analysis, supplier selection, quality assurance, bar coding, product packaging and tracking, just-in-time and point-of-use delivery, electronic billing, and ongoing technical support services, as well as provides spare parts and aftermarket products; and production components, including valves, fuel hose assemblies, electro-mechanical hardware, labels, fittings, steering components, and other products.

Further Reading: What Are Cryptocurrencies?

Receive News & Ratings for Park-Ohio Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Park-Ohio and related companies with MarketBeat.com's FREE daily email newsletter.