Canaccord Genuity Reiterates a 'Buy' on Elster Group SE (ELT); Transition Year, But Shares Compelling
Get Alerts ELT Hot Sheet
Price: $20.54 --0%
Rating Summary:
7 Buy, 8 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 14
Rating Summary:
7 Buy, 8 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 14
Join SI Premium – FREE
Canaccord Genuity reiterates a 'Buy' on Elster Group SE (NYSE: ELT) price target of $19.00.
Analyst, John Quealy, said, "Given the restructuring underway, 2012 remains a transition year, but recent order momentum (1.3x bk2bl) foreshadows the significant growth opportunity in ’13. While share volatility likely remains given European macro (in addition to shelf), we think the risk/reward stays compelling."
"Our quarterly estimates adjust slightly to account for reported results. F2012E revs/adjusted EPS go to $1.92B/$1.13 from $1.92B/$1.10; F2013E remains at $2.0B/$1.35. We note that our estimates do include any major contract wins (i.e., Europe)."
For an analyst ratings summary and ratings history on Elster Group SE click here. For more ratings news on Elster Group SE click here.
Shares of Elster Group SE closed at $15.05 yesterday.
Analyst, John Quealy, said, "Given the restructuring underway, 2012 remains a transition year, but recent order momentum (1.3x bk2bl) foreshadows the significant growth opportunity in ’13. While share volatility likely remains given European macro (in addition to shelf), we think the risk/reward stays compelling."
"Our quarterly estimates adjust slightly to account for reported results. F2012E revs/adjusted EPS go to $1.92B/$1.13 from $1.92B/$1.10; F2013E remains at $2.0B/$1.35. We note that our estimates do include any major contract wins (i.e., Europe)."
For an analyst ratings summary and ratings history on Elster Group SE click here. For more ratings news on Elster Group SE click here.
Shares of Elster Group SE closed at $15.05 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Jefferies Downgrades LTIMindtree Ltd (LTIM:IN) to Underperform
- Jefferies Downgrades Enphase Energy (ENPH) to Hold, 'Still Muddling Through'
- Reckitt Benckiser (RKT:LN) (RBGLY) PT Lowered to GBP51 at Berenberg
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS ViewSign 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!