Jefferies Maintains a 'Hold' on Quality Distribution (QLTY); Q4 Review - Poised for Growth in 2012
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Price: $9.44 --0%
Rating Summary:
2 Buy, 6 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 21
Rating Summary:
2 Buy, 6 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 21
Trade QLTY Now!
Jefferies maintains a 'Hold' on Quality Distribution (NASDAQ: QLTY) price target raised from $11 to $14.
Analyst, Peter Nesvold, said, "4Q Margin improvement and growth opportunity in energy underscore a meaningful longer-term opportunity for QLTY...We remain neutral on QLTY for sentiment, liquidity and valuation issues. Sentiment remains very bullish, with 8 Buys, 3 Holds, and 1 Sell (per Bloomberg), while the shares trade less than $2 million in value a day. We continue to find it hard to recommend the stock
to institutional money right now. Turnarounds are rarely linear and our sense is that we'll get a more attractive entry point at some point."
Jefferies cuts FY12 EPS estimate from $1.01 to $0.93 and FY13 from $1.29 to $1.14.
For an analyst ratings summary and ratings history on Quality Distribution click here. For more ratings news on Quality Distribution click here.
Shares of Quality Distribution closed at $13.01 yesterday, with a 52 week range of $8.01-$13.84.
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Analyst, Peter Nesvold, said, "4Q Margin improvement and growth opportunity in energy underscore a meaningful longer-term opportunity for QLTY...We remain neutral on QLTY for sentiment, liquidity and valuation issues. Sentiment remains very bullish, with 8 Buys, 3 Holds, and 1 Sell (per Bloomberg), while the shares trade less than $2 million in value a day. We continue to find it hard to recommend the stock
to institutional money right now. Turnarounds are rarely linear and our sense is that we'll get a more attractive entry point at some point."
Jefferies cuts FY12 EPS estimate from $1.01 to $0.93 and FY13 from $1.29 to $1.14.
For an analyst ratings summary and ratings history on Quality Distribution click here. For more ratings news on Quality Distribution click here.
Shares of Quality Distribution closed at $13.01 yesterday, with a 52 week range of $8.01-$13.84.
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