
Encore Wire (WIRE) Stock Forecast & Price Target
Encore Wire (WIRE) Analyst Ratings
Bulls say
Encore Wire is predicted to see improved profitability due to the rise in copper prices positively affecting their pricing, with estimates being revised for future years to reflect this. The company is considered a superior-managed business, possessing a highly competitive platform that allows it to effectively target a variety of appealing U.S. markets. There is also positive sentiment regarding the firm's strong volume demand and flexible capacity, both of which support growth forecasts.
Bears say
Encore Wire is facing increasing pressure on its margins due to the normalization of prices from previously supply-constrained peaks. This margin compression issue presents significant challenges during periods of weaker demand, even though the current environment does not suggest this is the case. Further exacerbating this issue is the volatility in quarterly operating results due to fluctuations in spread between costs and selling prices for wire & cable products, primarily driven by the price volatility of metal commodities such as copper.
This aggregate rating is based on analysts' research of Encore Wire and is not a guaranteed prediction by Public.com or investment advice.
Encore Wire (WIRE) Analyst Forecast & Price Prediction
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