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Encore Wire - WIRE Stock Price Target and Predictions

  • Consensus Rating: Hold
  • Consensus Price Target: $273.33
  • Forecasted Upside: -2.58%
  • Number of Analysts: 3
  • Breakdown:
  • 0 Sell Ratings
  • 3 Hold Ratings
  • 0 Buy Ratings
  • 0 Strong Buy Ratings
$280.57 As of 05/17/2024 01:00 AM ET
▼ -1.43 (-0.51%)

This chart shows the closing price for WIRE by one month, three months, or twelve months.

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Analyst Price Target for WIRE

Analyst Price Target is $273.33
▼ -2.58% Downside Potential
This price target is based on 3 analysts offering 12 month price targets for Encore Wire in the last 3 months. The average price target is $273.33, with a high forecast of $295.00 and a low forecast of $235.00. The average price target represents a -2.58% upside from the last price of $280.57.

This chart shows the closing price for WIRE for the last year in relation to the current analyst high, average, and low pricetarget.

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Current Consensus is Hold

The current consensus among 3 investment analysts is to hold stock in Encore Wire. This Hold consensus rating has held steady for over two years.

Past Monthly Recommendations

Move your mouse over past months for details

Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 0 strong buy ratings
  • 0 buy ratings
  • 3 hold ratings
  • 0 sell ratings
Ratings as of
11/25/2022
  • 0 strong buy ratings
  • 0 buy ratings
  • 3 hold ratings
  • 0 sell ratings
Ratings as of
2/23/2023
  • 0 strong buy ratings
  • 0 buy ratings
  • 3 hold ratings
  • 0 sell ratings
Ratings as of
5/24/2023
  • 0 strong buy ratings
  • 0 buy ratings
  • 3 hold ratings
  • 0 sell ratings
Ratings as of
8/22/2023
  • 0 strong buy ratings
  • 0 buy ratings
  • 3 hold ratings
  • 0 sell ratings
Ratings as of
11/20/2023
  • 0 strong buy ratings
  • 0 buy ratings
  • 3 hold ratings
  • 0 sell ratings
Ratings as of
2/18/2024
  • 0 strong buy ratings
  • 0 buy ratings
  • 3 hold ratings
  • 0 sell ratings
Ratings as of
4/18/2024
  • 0 strong buy ratings
  • 0 buy ratings
  • 3 hold ratings
  • 0 sell ratings
Ratings as of
5/18/2024

Latest Recommendations

  • 0 strong buy ratings
  • 0 buy ratings
  • 3 hold ratings
  • 0 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
4/19/2024CJS SecuritiesReiterated RatingMarket Outperform ➝ Market PerformLow
4/16/2024SidotiReiterated RatingBuy ➝ Neutral$290.00Low
4/16/2024DA DavidsonDowngradeBuy ➝ Neutral$295.00Low
10/11/2023CJS SecuritiesInitiated CoverageOutperform$235.00Low
7/27/2023DA DavidsonLower Target$250.00 ➝ $240.00Low
2/16/2023DA DavidsonBoost Target$200.00 ➝ $250.00Low
10/27/2022DA DavidsonBoost Target$200.00Low
7/27/2022DA DavidsonBoost TargetOutperform$175.00 ➝ $190.00Low
5/2/2022DA DavidsonBoost Target$150.00 ➝ $175.00High
10/28/2021DA DavidsonBoost TargetBuy$115.00 ➝ $150.00High
2/18/2021DA DavidsonBoost Target$70.00 ➝ $80.00Low
1/21/2021SidotiDowngradeBuy ➝ Neutral$59.00 ➝ $65.00High
12/30/2020DA DavidsonBoost Target$59.00 ➝ $70.00N/A
11/16/2020DA DavidsonUpgradeNeutral ➝ Buy$59.00High
10/28/2020SidotiBoost TargetBuy$57.00 ➝ $59.00High
4/30/2020DA DavidsonDowngradeBuy ➝ Neutral$60.00 ➝ $56.00High
2/19/2020SidotiLower TargetBuy$68.00 ➝ $66.00High
6/3/2019SidotiUpgradeNeutral ➝ BuyHigh
(Data available from 5/18/2019 forward)

News Sentiment Rating

0.98 (Buy)

Our news sentiment rating is based on the average sentiment of articles about this company published in the media in the last 30 days of headlines and can range from 2 (very positive sentiment) to -2 (very negative sentiment).

News Sentiment Over Time

Move your mouse over past months for details

Skip to Current Sentiment Summary
  • 10 very positive mentions
  • 5 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
10/21/2023
  • 3 very positive mentions
  • 7 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
11/20/2023
  • 3 very positive mentions
  • 0 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
12/20/2023
  • 6 very positive mentions
  • 3 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
1/19/2024
  • 17 very positive mentions
  • 13 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
2/18/2024
  • 23 very positive mentions
  • 7 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
3/19/2024
  • 14 very positive mentions
  • 23 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
4/18/2024
  • 12 very positive mentions
  • 13 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
5/18/2024

Current Sentiment

  • 12 very positive mentions
  • 13 positive mentions
  • 0 negative mentions
  • 0 very negative mentions

Recent Stories by Sentiment

Very Negative

  • No very negative mentions tracked during this time.

Negative

  • No negative mentions tracked during this time.

Positive

Very Positive

Encore Wire logo
Encore Wire Corporation engages in manufacture and sale of electrical building wires and cables in the United States. It offers NM-B cables, UF-B cables, THHN/THWN-2, XHHW-2, USE-2, RHH/RHW-2, and other types of wire products, including SEU, SER, photovoltaic, URD, tray cables, metal-clads, and armored cables. The company's products are used to distribute power from the transmission grid to the wall outlet or switch. It sells its products to wholesale electrical distributors through independent manufacturers' representatives for residential, commercial, industrial, and renewable energy sectors. Encore Wire Corporation was incorporated in 1989 and is headquartered in McKinney, Texas.
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Today's Range

Now: $280.57
Low: $280.06
High: $282.69

50 Day Range

MA: $265.85
Low: $218.42
High: $291.23

52 Week Range

Now: $280.57
Low: $150.51
High: $295.90

Volume

254,820 shs

Average Volume

255,075 shs

Market Capitalization

$4.43 billion

P/E Ratio

14.88

Dividend Yield

0.03%

Beta

1.28

Frequently Asked Questions

What sell-side analysts currently cover shares of Encore Wire?

The following Wall Street analysts have issued reports on Encore Wire in the last year: CJS Securities, DA Davidson, Sidoti, and StockNews.com.
View the latest analyst ratings for WIRE.

What is the current price target for Encore Wire?

3 Wall Street analysts have set twelve-month price targets for Encore Wire in the last year. Their average twelve-month price target is $273.33, suggesting a possible downside of 2.6%. DA Davidson has the highest price target set, predicting WIRE will reach $295.00 in the next twelve months. CJS Securities has the lowest price target set, forecasting a price of $235.00 for Encore Wire in the next year.
View the latest price targets for WIRE.

What is the current consensus analyst rating for Encore Wire?

Encore Wire currently has 3 hold ratings from Wall Street analysts. The stock has a consensus analyst rating of "Hold." A "hold" rating indicates that analysts believe investors should keep any existing positions they have in WIRE, but not buy more shares or sell existing shares.
View the latest ratings for WIRE.

What other companies compete with Encore Wire?

Other companies that are similar to Encore Wire include Arconic, Mueller Industries, Kaiser Aluminum, Verra Mobility and Terex. Learn More about companies similar to Encore Wire.

How do I contact Encore Wire's investor relations team?

Encore Wire's physical mailing address is 1329 MILLWOOD RD, MCKINNEY TX, 75069. The electronics maker's listed phone number is (972) 562-9473 and its investor relations email address is [email protected]. The official website for Encore Wire is www.encorewire.com. Learn More about contacing Encore Wire investor relations.