Goldman Sachs Adjusts Numbers on Domino's Pizza (DPZ)
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Price: $56.61 -0.6%
Rating Summary:
3 Buy, 9 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 28 | New: 14
Rating Summary:
3 Buy, 9 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 28 | New: 14
Trade DPZ Now!
Goldman Sachs today maintained a Conviction Buy on Domino's Pizza (NYSE: DPZ) and raised its price target to $56.00 (from $52.00).
"We lower our 2013/2014 EPS estimates to $2.37/$2.74 with improved fundamentals offset by higher incentive compensation. We also introduce a 2015 EPS estimate of $3.19. We raise our P/E and DCF-based 12-month price target by $4 to $56, despite the lower EPS estimates, to reflect a 5.0% 2014 FCF yield as robust fundamentals help it bridge the gap versus peers," said analyst Michael Kelter.
For an analyst ratings summary and ratings history on Domino's Pizza (NYSE: DPZ) click here. For more ratings news on Domino's Pizza click here.
Shares of Domino's Pizza closed at $47.62 yesterday, with a 52 week range of $28.17-$48.72.
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"We lower our 2013/2014 EPS estimates to $2.37/$2.74 with improved fundamentals offset by higher incentive compensation. We also introduce a 2015 EPS estimate of $3.19. We raise our P/E and DCF-based 12-month price target by $4 to $56, despite the lower EPS estimates, to reflect a 5.0% 2014 FCF yield as robust fundamentals help it bridge the gap versus peers," said analyst Michael Kelter.
For an analyst ratings summary and ratings history on Domino's Pizza (NYSE: DPZ) click here. For more ratings news on Domino's Pizza click here.
Shares of Domino's Pizza closed at $47.62 yesterday, with a 52 week range of $28.17-$48.72.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
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