Jefferies Starts Headwaters (HW) at Buy

September 13, 2016 6:45 AM EDT
Get Alerts HW Hot Sheet
Price: $23.28 -0.51%

Rating Summary:
    4 Buy, 6 Hold, 0 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 23 | Down: 34 | New: 34
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Jefferies initiates coverage on Headwaters (NYSE: HW) with a Buy rating and a price target of $21.00.

Analyst Philip Ng commented, "We are initiating coverage on HW with a Buy rating, and it's our top small cap pick. With fly ash demand and pricing accelerating, coupled with a niche building products business growing at mid to high SDs, we believe the market is underappreciating the quality (20% EBITDA margins) of the business, and HW offers great value trading at 7.1x EV/EBITDA and 11% FCF yield."

For an analyst ratings summary and ratings history on Headwaters click here. For more ratings news on Headwaters click here.

Shares of Headwaters closed at $16.98 yesterday.

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