Canaccord Genuity maintains a 'Hold' on Coinstar (CSTR); Highlights From Analyst Day
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Price: $55.10 -2.86%
Rating Summary:
5 Buy, 6 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Rating Summary:
5 Buy, 6 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Trade CSTR Now!
Canaccord Genuity maintains a 'Hold' on Coinstar (NASDAQ: CSTR) price target of $70.00.
Analyst, Jeff Rath, said, "We maintain our rating and target after CSTR’s Analyst Day. We continue to believe that CSTR faces sources for short-term upside balanced against a rapidly saturating endmarket for its core Redbox kiosks."
Highlights from Analyst Day include: 1) No material update on streaming
JV with Verizon (NYSE: VZ); 2) Introducing the first new coin kiosk operating system since 1999; 3) Two new ventures expected to scale in 2012: coffee and Gizmo.
For an analyst ratings summary and ratings history on Coinstar click here. For more ratings news on Coinstar click here.
Shares of Coinstar closed at $57.56 yesterday, with a 52 week range of $37.43-$69.74.
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Analyst, Jeff Rath, said, "We maintain our rating and target after CSTR’s Analyst Day. We continue to believe that CSTR faces sources for short-term upside balanced against a rapidly saturating endmarket for its core Redbox kiosks."
Highlights from Analyst Day include: 1) No material update on streaming
JV with Verizon (NYSE: VZ); 2) Introducing the first new coin kiosk operating system since 1999; 3) Two new ventures expected to scale in 2012: coffee and Gizmo.
For an analyst ratings summary and ratings history on Coinstar click here. For more ratings news on Coinstar click here.
Shares of Coinstar closed at $57.56 yesterday, with a 52 week range of $37.43-$69.74.
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
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