Cantor Fitzgerald Raises Price Target on Conceptus (CPTS), Strongly Positioned for Growth
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Price: $31.02 --0%
Rating Summary:
2 Buy, 11 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 15 | Down: 8 | New: 36
Rating Summary:
2 Buy, 11 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 15 | Down: 8 | New: 36
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Cantor Fitzgerald is maintaining its Buy rating on Conceptus (NASDAQ: CPTS), while lifting its price target from $14 to $16.
The company's quarterly results were inline with its previous announced levels.
The firm believes the company's 2012 outlook, revenues of $134-138 million and adjusted EBITDA of $22-24 million, is achievable. Cantor also highlights the improving macro conditions combined with DTC and R&D efforts offers the company a long time of success.
For Q1 and FY12, the firm forecasts EPS will be ($0.08) and $0.05. Revenues for the quarter and year are estimated to be $29.4 million and $137.2 million.
An analyst at Cantor comments, "With a gradually improving macro environment and more realistic expectations, we continue to believe that the pieces are in place for Conceptus to execute."
For an analyst ratings summary and ratings history on Conceptus click here. For more ratings news on Conceptus click here.
Shares of Conceptus closed at $12.97 yesterday.
The company's quarterly results were inline with its previous announced levels.
The firm believes the company's 2012 outlook, revenues of $134-138 million and adjusted EBITDA of $22-24 million, is achievable. Cantor also highlights the improving macro conditions combined with DTC and R&D efforts offers the company a long time of success.
For Q1 and FY12, the firm forecasts EPS will be ($0.08) and $0.05. Revenues for the quarter and year are estimated to be $29.4 million and $137.2 million.
An analyst at Cantor comments, "With a gradually improving macro environment and more realistic expectations, we continue to believe that the pieces are in place for Conceptus to execute."
For an analyst ratings summary and ratings history on Conceptus click here. For more ratings news on Conceptus click here.
Shares of Conceptus closed at $12.97 yesterday.
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