Worthington Enterprises Shares Surpass Analyst Target Price
In recent trading, shares of Worthington Enterprises Inc (Symbol: WOR) have exceeded
the average analyst 12-month target price of $49.00, currently priced at $51.52 per share.
When a stock meets an analyst’s target, they generally have two options: either downgrade the
stock on valuation grounds or raise their target price in response to positive developments.
Analysts might adjust their stance based on fundamental business changes that could have
driven the stock’s price up, indicating it may be a fitting time to reevaluate the target price.
Worthington Enterprises Inc’s average target comes from three different analysts within the
Zacks coverage universe. This average, however, is merely a mathematical compilation of views.
Some analysts predict lower targets, with one envisioning a price of $43.00, while another
sees potential for a high of $55.00. The standard deviation among these predictions is $6.00.
The purpose of referencing the average WOR price target is to encapsulate the “wisdom of crowds,”
combining insights from multiple analysts for a more balanced outlook than a single opinion would provide.
As WOR moves past the average target of $49.00 per share, investors are prompted to reassess
the company’s potential: Is $49.00 merely a waypoint toward a higher valuation, or has it reached
a point where selling some shares might be prudent? Below is a table reflecting the current
thoughts of analysts covering Worthington Enterprises Inc:
| Recent WOR Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Month Ago | 3 Month Ago |
| Strong buy ratings: | 1 | 1 | 0 | 0 |
| Buy ratings: | 0 | 0 | 0 | 0 |
| Hold ratings: | 1 | 1 | 1 | 1 |
| Sell ratings: | 0 | 0 | 0 | 0 |
| Strong sell ratings: | 1 | 1 | 1 | 1 |
| Average rating: | 3.0 | 3.0 | 4.0 | 4.0 |
The average rating provided in the last row above uses a scale from 1 to 5, where 1 represents
a Strong Buy and 5 indicates a Strong Sell. This information is reported by Zacks Investment Research
via Quandl.com. For the latest Zacks research on WOR, click here —
it’s available for free.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect
those of Nasdaq, Inc.
