Loop Capital analyst Garik Shmois maintains $American Woodmark (AMWD.US)$ with a buy rating, and adjusts the target price from $119 to $114.
According to TipRanks data, the analyst has a success rate of 78.0% and a total average return of 20.1% over the past year.
Furthermore, according to the comprehensive report, the opinions of $American Woodmark (AMWD.US)$'s main analysts recently are as follows:
American Woodmark's recent financial results showed a slight exceedance of expectations for Q2, yet there was a narrowing of its financial projections for FY25 due to broader economic uncertainties affecting the latter half of its fiscal year. Despite the shares underperforming relative to its peers this year, the firm holds a positive stance based on the belief that market trends have reached a nadir. However, it is acknowledged that recovery might be delayed somewhat due to challenges such as rising mortgage rates, persistent inflation, and declining consumer confidence.
Despite near-term market choppiness, with weaker macroeconomic conditions being the primary driver, alongside still-challenged repair and renovation activities and moderating new construction completions, the appealing long-term earnings potential of the company remains unchanged.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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