Heritage Global (NASDAQ:HGBL – Get Free Report) had its target price cut by research analysts at Lake Street Capital from $5.00 to $4.00 in a report issued on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Lake Street Capital’s price objective suggests a potential upside of 69.49% from the company’s current price.
Heritage Global Trading Up 12.9 %
Heritage Global stock opened at $2.36 on Friday. The firm has a 50 day moving average of $2.11 and a 200 day moving average of $1.83. The firm has a market capitalization of $88.12 million, a price-to-earnings ratio of 8.43 and a beta of 1.22. Heritage Global has a 12-month low of $1.52 and a 12-month high of $2.90.
Heritage Global (NASDAQ:HGBL – Get Free Report) last announced its quarterly earnings data on Thursday, March 13th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.06). Heritage Global had a net margin of 20.60% and a return on equity of 16.05%. The company had revenue of $10.77 million for the quarter, compared to analysts’ expectations of $12.30 million.
Institutional Inflows and Outflows
About Heritage Global
Heritage Global Inc, together with its subsidiaries, operates as an asset services company with focus on financial and industrial asset transactions. The company operates in three segments: Auction and Liquidation, Refurbishment & Resale, and Brokerage. It provides a suite of market making, acquisitions, refurbishment, dispositions, valuations, and secured lending services.
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