Jefferies Reiterates a 'Buy' on MICROS Systems (MCRS); Results Solid; Outlook Good
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Price: $42.71 -0.7%
Rating Summary:
4 Buy, 3 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Rating Summary:
4 Buy, 3 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Trade MCRS Now!
Jefferies reiterates a 'Buy' on MICROS Systems (NASDAQ: MCRS) price target of $60.00 (from $62.00).
Analyst, Ross MacMillan, said, "MCRS reported a solid F4Q12 with revs in-line and an EPS beat due to lower SG&A/tax rate. FY13 guidance was solid, with rev 3% above Street ests and NG EPS in-line. We expect domestic hotel opportunities and international hotels/restaurants to drive growth." (FY13 EPS estimate lifted from $2.86 to $2.87)
For an analyst ratings summary and ratings history on MICROS Systems click here. For more ratings news on MICROS Systems click here.
Shares of MICROS Systems closed at $48.21 yesterday, with a 52 week range of $40.65-$58.49.
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Analyst, Ross MacMillan, said, "MCRS reported a solid F4Q12 with revs in-line and an EPS beat due to lower SG&A/tax rate. FY13 guidance was solid, with rev 3% above Street ests and NG EPS in-line. We expect domestic hotel opportunities and international hotels/restaurants to drive growth." (FY13 EPS estimate lifted from $2.86 to $2.87)
For an analyst ratings summary and ratings history on MICROS Systems click here. For more ratings news on MICROS Systems click here.
Shares of MICROS Systems closed at $48.21 yesterday, with a 52 week range of $40.65-$58.49.
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