Auriga reiterates a 'Buy' on Astronics (ATRO); Q1 Preview: Expect Beat
Tweet Send to a FriendGet Alerts ATRO Hot Sheet
Price: $40.88 -0.41%
Rating Summary:
5 Buy, 1 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 21
Rating Summary:
5 Buy, 1 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 21
Trade ATRO Now!
Auriga reiterates a 'Buy' on Astronics (NASDAQ: ATRO) price target of $38.00.
Analyst, Mike Callahan, said, "We suspect the company will handily achieve our EPS target of $0.47, which is at the Street high and $0.03 ahead of consensus. We expect strong revenue trends seen in 4Q11 to build into 2012, and look for 12% consolidated revenue growth to $61.7 million. Looking forward, we believe we are in the early innings of the Astronics growth story, particularly given our expectation for higher OEM build rates to drive growth of Cabin Electronics products over the next few years. As such, we continue to recommend investors build a position in ATRO."
For an analyst ratings summary and ratings history on Astronics click here. For more ratings news on Astronics click here.
Shares of Astronics closed at $32.54 yesterday, with a 52 week range of $23.41-$38.02.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
Analyst, Mike Callahan, said, "We suspect the company will handily achieve our EPS target of $0.47, which is at the Street high and $0.03 ahead of consensus. We expect strong revenue trends seen in 4Q11 to build into 2012, and look for 12% consolidated revenue growth to $61.7 million. Looking forward, we believe we are in the early innings of the Astronics growth story, particularly given our expectation for higher OEM build rates to drive growth of Cabin Electronics products over the next few years. As such, we continue to recommend investors build a position in ATRO."
For an analyst ratings summary and ratings history on Astronics click here. For more ratings news on Astronics click here.
Shares of Astronics closed at $32.54 yesterday, with a 52 week range of $23.41-$38.02.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- Morgan Stanley Maintains Bullish Stance on Walter Energy (WLT)
- Goldman Sachs Upgrades Mizuho Financial Group Inc. (MFG) to Buy
- Wells Fargo Starts CorEnergy Infrastructure Trust (CORR) at Outperform
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS ViewRelated Entities
Auriga
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
