Encore Wire Stock Target Price and Analyst Consensus

WIRE Stock  USD 224.53  4.12  1.87%   
The current analyst and expert consensus on Encore Wire is Strong Buy, with 2 strong buy opinions. The current projected Encore Wire target price consensus is 238.67 with 3 analyst opinions. The most common way Encore Wire analysts use to provide recommendation to the public is financial statements analysis. Many experts also interview Encore Wire executives and customers to further validate their buy or sell advice. Please note, the number of analysts providing the opinion is not sufficient to provide adequate consensus on Encore Wire. We encourage you to use your own analysis of Encore Wire to validate this buy or sell advice. Encore Wire buy-or-sell recommendation module provides average expert sentiment on the projected Encore Wire target price to derive its highest and lowest estimates based on its projected price volatility. Check out Macroaxis Advice on Encore Wire to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon.
For information on how to trade Encore Stock refer to our How to Trade Encore Stock guide.
Lowest Forecast
217.19
Highest Forecast
264.92
Target Price
238.67
As of February 26, 2024, Gross Profit is expected to decline to about 548.3 M. In addition to that, Profit Margin is expected to decline to 0.13. At present, Encore Wire's Cash and Equivalents is projected to increase significantly based on the last few years of reporting. The current year's Accumulated Retained Earnings Deficit is expected to grow to about 2.7 B, whereas Accounts Payable is forecasted to decline to about 45.2 M.
  
It's important to approach Encore Wire's target price projections with caution. While they can be useful as part of a broader investment strategy, they are inherently speculative and subject to various kinds of risk, including market volatility and unforeseen external factors. Always consider multiple aspects and do your own research when making investment decisions.

Encore Wire Target Price Consensus

We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Encore target price is determined by taking all analyst projections and averaging them out. There is no one specific way to measure analysts' performance other than comparing it to past results via a very sophisticated attribution analysis. Encore Wire's target price projections below should be used in combination with other traditional price prediction techniques such as stock price forecasting, investor sentiment analysis, technical analysis, earnings estimate, and various momentum models.
   3  Strong Buy
Most Encore analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to help potential investors understand Encore stock's fair price compared to its market value. Analysts arrive at stock ratings after researching the public financial statements of Encore Wire, talking to its executives and customers, or listening to those companies' conference calls.
Macroaxis Advice   Exposure   Valuation

Encore Wire Target Price Projection

Encore Wire's current and average target prices are 224.53 and 238.67, respectively. The current price of Encore Wire is the price at which Encore Wire is currently trading. On the other hand, Encore Wire's target price is what analysts think the stock is worth or could sell for in the future. The more significant the discrepancy between the two prices, the more it stimulates investors to act.

Current Price

Encore Wire Market Quote on 26th of February 2024

Low Price220.25Odds
High Price226.78Odds

224.53

Target Price

Analyst Consensus On Encore Wire Target Price

Low Estimate217.19Odds
High Estimate264.92Odds

238.67

Historical Lowest Forecast  217.19 Target Price  238.67 Highest Forecast  264.92
Note that most analysts generally publish their price targets in research reports on specific companies, along with recommendations for the company's stock.Although price targets are often quoted in the financial news media, there could be a delay between the publication of the latest analyst outlook on Encore Wire and the information provided on this page.

Encore Wire Analyst Ratings

Encore Wire's analyst stock recommendations are determined by taking an average estimate of all analysts we track and classifying them as Strong Buy, Buy, Hold, Strong Sell, or Sell. Ratings generally communicate what analysts sense about Encore Wire stock, and they use a lot of effort and time to analyze it and arrive at a rating. That suggests that analyst recommendations are the outcome of an objective and thorough examination of Encore Wire's financials, market performance, and future outlook by experienced professionals. Encore Wire's historical ratings below, therefore, can serve as a valuable tool for investors.

Analyst Consensus Breakdown

Average Consensus Estimates

Analysts determine stock price targets through various methods, including financial modeling, peer comparison, and company analysis. The stock price target is the analyst's best estimate of the future price of a stock and is used by investors to make investment decisions. However, it is important to note that stock price targets are not guaranteed, and the actual price of a stock can differ significantly from the target due to various factors such as market conditions, economic events, and company developments.

Steps to utilize Encore Wire price targets

Encore Wire's stock target price is an estimate of its future price, usually made by analysts. Using Encore Wire's target price to determine if it is a suitable investment can be done through the following steps:
  • Look at Encore Wire's target prices provided by various analysts and compare them. This can help you gain a more balanced view of the Stock's potential.
  • Look at the analyst's track record to determine if they have a history of accurately predicting stock prices.
  • Look at the Company's financials, including revenue, earnings, and debt, to determine if it is in good financial health.
  • Consider market conditions. For example, take into account the state of the economy, competition, and regulatory environment, to determine if Encore Wire's stock is likely to perform well.
  • Diversify your portfolio and do not rely solely on stock target prices to make investment decisions. Invest in a mix of stocks, bonds, and other assets to manage risk.
Remember that stock target prices are just estimates and are subject to change. Therefore, using them as one factor in a larger investment strategy is essential rather than relying solely on them to make decisions.

Additional Encore Wire Value Projection Modules

Most investment researchers agree that the mispricing and readjustment of any Stock value happens often and is sometimes even predictable, but there is no strong theory explaining why it happens. The current price of Encore Wire is a key component of Encore Wire valuation and have some predictive power on the future returns of a Encore Wire.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Encore Wire's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy. Please use the tools below to analyze the current value of Encore Wire in the context of predictive analytics.
Hype
Prediction
LowEstimatedHigh
223.02224.84226.66
Details
Intrinsic
Valuation
LowRealHigh
202.08229.25231.07
Details
Naive
Forecast
LowNextHigh
199.62201.45203.27
Details
Earnings
Estimates (0)
LowProjected EPSHigh
3.513.653.73
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Encore Wire. Your research has to be compared to or analyzed against Encore Wire's peers to derive any actionable benefits. When done correctly, Encore Wire's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Encore Wire.

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When determining whether Encore Wire is a strong investment it is important to analyze Encore Wire's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Encore Wire's future performance. For an informed investment choice regarding Encore Stock, refer to the following important reports:
Check out Macroaxis Advice on Encore Wire to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon.
For information on how to trade Encore Stock refer to our How to Trade Encore Stock guide.
You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.

Complementary Tools for Encore Stock analysis

When running Encore Wire's price analysis, check to measure Encore Wire's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Encore Wire is operating at the current time. Most of Encore Wire's value examination focuses on studying past and present price action to predict the probability of Encore Wire's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Encore Wire's price. Additionally, you may evaluate how the addition of Encore Wire to your portfolios can decrease your overall portfolio volatility.
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The data published in Encore Wire's official financial statements usually reflect Encore Wire's business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of Encore Wire. For example, before you start analyzing numbers published by Encore accountants, it's critical to develop an understanding of what Encore Wire's liquidity, profitability, and earnings quality are in the context of the Electrical Equipment space in which it operates.
Please note, the presentation of Encore Wire's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Encore Wire's management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in Encore Wire's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Encore Wire. Please utilize our Beneish M Score to check the likelihood of Encore Wire's management manipulating its earnings.