Boenning & Scattergood Analysts Initiate Coverage on Insituform Technologies, Inc. (INSU)
Friday, August 26, 2021 10:45 AM

Equities research analysts at Boenning & Scattergood initiated coverage on shares of Insituform Technologies, Inc. (NASDAQ: INSU) in a research note to investors on Friday. The analysts set an "outperform" rating and a $23.00 price target on the stock.

Separately, analysts at Zacks Investment Research upgraded shares of Insituform Technologies, Inc. from an "underperform" rating to a "neutral" rating in a research note to investors on Monday, August 15th. Also, analysts at Stifel Nicolaus cut their price target on shares of Insituform Technologies, Inc. to $30.00 in a research note to investors on Monday, August 1st.

Shares of Insituform Technologies, Inc. traded up 0.53% during mid-day trading on Monday, hitting $15.08. Insituform Technologies, Inc. has a 52 week low of $13.01 and a 52 week high of $30.00. The stock's 50-day moving average is $18.44 and its 200-day moving average is $23.22. The company has a market cap of $584.0 million and a price-to-earnings ratio of 12.64.

Insituform Technologies, Inc. last announced its quarterly results on Tuesday, April 26th. The company reported $0.08 earnings per share (EPS) for the previous quarter, missing the Thomson Reuters consensus estimate of $0.16 EPS by $0.08. During the same quarter in the prior year, the company posted $0.22 earnings per share. The company’s quarterly revenue was up 5.70% on a year-over-year basis. On average, analysts predict that Insituform Technologies, Inc. will post $0.53 EPS next quarter.

Insituform Technologies, Inc. is a global provider of technologies and services for rehabilitating sewer, water, energy and mining piping systems and the corrosion protection of industrial pipelines. The business activities include research and development, manufacturing, distribution, installation, coating and insulation, cathodic protection and licensing. The Company operates in five business segments: North American Sewer Rehabilitation, European Sewer Rehabilitation, Asia-Pacific Sewer Rehabilitation, Water Rehabilitation and Energy and Mining.

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