Jefferies Sees Quiksilver (ZQK) as Deep Value Idea; Adjusts Estimates & PT After Q2 Miss
Tweet Send to a FriendGet Alerts ZQK Hot Sheet
Price: $7.68 +2.95%
Rating Summary:
3 Buy, 10 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Rating Summary:
3 Buy, 10 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Trade ZQK Now!
Jefferies maintains a 'Buy' on Quiksilver (NYSE: ZQK) price target of $3.50 (from $4.00).
Analyst, Taposh Bari, said, "ZQK missed 2Q, as we expected, but trends seem to be holding up fairly well despite a major European overhang. Continue to feel that fundamentals inflect positively in 2H12 as sales accelerate, GM% stabilize and SG&A leverage is achieved. The combination of attractive valuation (stock at lows) and accelerating EPS growth makes us comfortable recommending ZQK as a deep value idea here."
Raises FY12 EPS by $0.01 to $0.12 and FY13 lowers by $0.04 to $0.29.
For an analyst ratings summary and ratings history on Quiksilver click here. For more ratings news on Quiksilver click here.
Shares of Quiksilver closed at $2.44 yesterday, with a 52 week range of $2.33-$5.58.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
Analyst, Taposh Bari, said, "ZQK missed 2Q, as we expected, but trends seem to be holding up fairly well despite a major European overhang. Continue to feel that fundamentals inflect positively in 2H12 as sales accelerate, GM% stabilize and SG&A leverage is achieved. The combination of attractive valuation (stock at lows) and accelerating EPS growth makes us comfortable recommending ZQK as a deep value idea here."
Raises FY12 EPS by $0.01 to $0.12 and FY13 lowers by $0.04 to $0.29.
For an analyst ratings summary and ratings history on Quiksilver click here. For more ratings news on Quiksilver click here.
Shares of Quiksilver closed at $2.44 yesterday, with a 52 week range of $2.33-$5.58.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- Morgan Stanley Says Tesla (TSLA) 'Top Pick in U.S. Autos'
- UPDATE: Macquarie Downgrades Barrick Gold (ABX) to Underperform
- Compass Point Boosts Numbers on RLJ Lodging Trust (RLJ)
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT ChangeRelated Entities
Jefferies & Co
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
