A number of other analysts have also recently weighed in on LUFK. Analysts at Barclays Capital cut their price target on shares of Lufkin Industries from $91.00 to $83.00 in a research note to investors on Friday, February 15th. They now have an overweight rating on the stock. Separately, analysts at Dahlman Rose downgraded shares of Lufkin Industries from a buy rating to a hold rating in a research note to investors on Monday, February 11th. They noted that the move was a valuation call. Finally, analysts at Zacks upgraded shares of Lufkin Industries from an underperform rating to a neutral rating in a research note to investors on Tuesday, January 29th. They now have a $59.40 price target on the stock.
Five investment analysts have rated the stock with a buy rating, five have assigned a hold rating, and one has given a sell rating to the stock. Lufkin Industries currently has an average rating of overweight and a consensus target price of $72.00.
Lufkin Industries opened at 64.98 on Tuesday. Lufkin Industries has a 1-year low of $45.11 and a 1-year high of $85.68. The stock’s 50-day moving average is currently $59.45. The company has a market cap of $2.168 billion and a price-to-earnings ratio of 26.52.
The company also recently announced a quarterly dividend, which is scheduled for Friday, March 8th. Investors of record on Friday, March 1st will be paid a dividend of $0.13 per share. This represents a $0.50 annualized dividend and a dividend yield of 0.77%. The ex-dividend date is Wednesday, February 27th.
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