DA Davidson Maintains a 'Neutral' on Cascade Corporation (CASC); Q4 Preview
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Price: $64.98 --0%
Rating Summary:
1 Buy, 1 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Rating Summary:
1 Buy, 1 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Trade CASC Now!
DA Davidson maintains a 'Neutral' on Cascade Corporation (NYSE: CASC) price target of $60.00.
Analyst, JB Groh, said, "We expect the company to report EPS of $1.18, which is above the Street mean of $1.09. Our estimate is driven by revenues increasing 21.4% to $134 million (compared to the Street mean of $128.5 million). We have embedded a gross margin of 31.3%, an increase of 260bp over last year."
"Our rating is driven by our concerns about the economic volatility in Europe (20% of revenues) and near-term concerns about Chinese business slowing (30% of operating profits)."
For an analyst ratings summary and ratings history on Cascade Corporation click here. For more ratings news on Cascade Corporation click here.
Shares of Cascade Corporation closed at $57.15 yesterday, with a 52 week range of $31.30-$59.95.
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Analyst, JB Groh, said, "We expect the company to report EPS of $1.18, which is above the Street mean of $1.09. Our estimate is driven by revenues increasing 21.4% to $134 million (compared to the Street mean of $128.5 million). We have embedded a gross margin of 31.3%, an increase of 260bp over last year."
"Our rating is driven by our concerns about the economic volatility in Europe (20% of revenues) and near-term concerns about Chinese business slowing (30% of operating profits)."
For an analyst ratings summary and ratings history on Cascade Corporation click here. For more ratings news on Cascade Corporation click here.
Shares of Cascade Corporation closed at $57.15 yesterday, with a 52 week range of $31.30-$59.95.
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