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Valmont (VMI) Catches Eye: Stock Jumps 6.2%

Zacks Equity Research
·2 mins read

Valmont Industries, Inc. VMI was a big mover last session, as the company saw its shares rise more than 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. The stock, which remained volatile and traded within the range of $104.26-$124.96 in the past one-month time frame, witnessed a sharp increase yesterday.

The company has seen two positive estimate revisions in the past few months, while its Zacks Consensus Estimate for the current quarter has also moved higher over the past few months, suggesting that more solid trading could be ahead for Valmont. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.

Valmont currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Valmont Industries, Inc. Price

Valmont Industries, Inc. Price
Valmont Industries, Inc. Price

Valmont Industries, Inc. price | Valmont Industries, Inc. Quote

A better-ranked stock in the Industrial Products sector is Lakeland Industries, Inc. LAKE, which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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Valmont Industries, Inc. (VMI) : Free Stock Analysis Report
 
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