Needham & Company Reiterates a 'Buy' on FEI Company (FEIC); A Solid Investment
Tweet Send to a FriendGet Alerts FEIC Hot Sheet
Price: $72.15 -1.54%
Rating Summary:
5 Buy, 4 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 6
Rating Summary:
5 Buy, 4 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 6
Trade FEIC Now!
Needham & Company reiterates a 'Buy' on FEI Company (NASDAQ: FEIC) price target lowered from $55 to $57.
Analyst, James Riccuiti, said, "FEIC kicked off 2012 with a solid Q1 report, meeting expectations and generating another quarter of record bookings and healthy backlog. Q2 guidance was in line with expectations, and management expects full-year revenue growth of 6-9%, consistent with the range of Street estimates. FEIC appears on track to meet its stated gross margin target of 47.5% by the end the end of 2012. FEIC shares, which are up 25% y/t/d and trading near their 52-week high, remain attractive, in our view, trading at less than 14x our 2013 EPS estimate, adjusting for net cash."
Needham raises FY12 from $2.65/$870.3 mln to $2.70/$885.6 mln and FY13 from $3.05/$929.5 mln to $3.10/$940.6 mln.
For an analyst ratings summary and ratings history on FEI Company click here. For more ratings news on FEI Company click here.
Shares of FEI Company closed at $50.79 yesterday, with a 52 week range of $26.61-$51.34.
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, James Riccuiti, said, "FEIC kicked off 2012 with a solid Q1 report, meeting expectations and generating another quarter of record bookings and healthy backlog. Q2 guidance was in line with expectations, and management expects full-year revenue growth of 6-9%, consistent with the range of Street estimates. FEIC appears on track to meet its stated gross margin target of 47.5% by the end the end of 2012. FEIC shares, which are up 25% y/t/d and trading near their 52-week high, remain attractive, in our view, trading at less than 14x our 2013 EPS estimate, adjusting for net cash."
Needham raises FY12 from $2.65/$870.3 mln to $2.70/$885.6 mln and FY13 from $3.05/$929.5 mln to $3.10/$940.6 mln.
For an analyst ratings summary and ratings history on FEI Company click here. For more ratings news on FEI Company click here.
Shares of FEI Company closed at $50.79 yesterday, with a 52 week range of $26.61-$51.34.
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
- UPDATE: Wedbush Downgrades XenoPort (XNPT) to Neutral
- Wells Fargo Downgrades Brinker Int'l (EAT) to Market Perform
- Goldman Sachs Downgrades Thoratec (THOR) to Neutral
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT ChangeRelated Entities
Needham & Company
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!
