Procore stock price target raised to $90 from Goldman Sachs on stabilizing growth
Investing.com - H.C. Wainwright raised its price target on NPK International (NYSE:NPKI) to $18.00 from $12.00 on Monday, while maintaining a Buy rating on the stock. The new target represents significant upside from the current price of $12.30, though still below the analyst high target of $17.00. According to InvestingPro data, NPKI has delivered an impressive 88.65% return over the past year, despite currently trading above its Fair Value.
The research firm cited NPK International’s favorable position to benefit from increasing utility spending on power infrastructure expansion over the next three to five years. H.C. Wainwright expects this trend to be reflected in the company’s financial results going forward. This outlook aligns with NPKI’s recent performance, which includes 25.65% revenue growth over the last twelve months.
NPK International has revised its 2025 outlook upward, now projecting revenues of $268-272 million, adjusted EBITDA of $71-74 million, and capital expenditures of $45-50 million. These figures represent increases from previous guidance of $250-260 million in revenue, $68-74 million in adjusted EBITDA, and $35-40 million in capex. InvestingPro identifies several positive factors for NPKI, including strong cash flow coverage for interest payments and a solid balance sheet with more cash than debt. Discover 10+ additional ProTips and comprehensive analysis in NPKI’s Pro Research Report.
Rental revenues comprised approximately 64% of the company’s total revenues, supported by investments in growing the rental fleet and strong overall demand. The higher projected capital expenditures are expected to partly fund continued expansion of the available rental fleet.
The company experienced a sequential decline in gross margins to approximately 32% in the most recent quarter from 37% in the second quarter of 2025, which management attributed to short-notice rental changes creating operational inefficiencies. NPK International expects margins to return to mid-30% levels and is targeting mid-teen revenue percentage levels for operational costs in 2026. For context, NPKI’s gross profit margin over the last twelve months stands at 36.6%, according to InvestingPro data, suggesting the company’s target is in line with its recent historical performance.
In other recent news, Craig-Hallum has raised its price target for NPK International from $14 to $16, maintaining a Buy rating on the stock. This adjustment reflects the firm’s positive outlook on NPK International’s growth potential, driven by increased utility transmission spending and a shift from timber to composite matting for temporary site access. Craig-Hallum suggests that these factors could potentially lead to a doubling of the company’s revenue over the next five to six years. These developments highlight the ongoing changes within the industry and the strategic positioning of NPK International to benefit from them. Investors may find this information valuable as it underscores the company’s growth prospects based on current market trends.
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