Close

Needham & Company Reiterates a 'Buy' on ExamWorks Group (EXAM); Major Acquisitions Performing Well

May 10, 2012 9:14 AM EDT
Get Alerts EXAM Hot Sheet
Price: $35.06 --0%

Rating Summary:
    3 Buy, 2 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 13 | Down: 10 | New: 11
Join SI Premium – FREE
Needham & Company reiterates a 'Buy' on ExamWorks Group (NYSE: EXAM) price target raised from $13 to $15.

Analyst, Dalton Chandler, said, "EXAM’s two major acquisitions -- MES and Premex -- have performed very well since those deals closed, in our view, but the core EXAM business has struggled for a few quarters, due in part to some events outside management control. This quarter’s results suggest those struggles may be coming to an end, and we expect to see a return to historical growth levels soon. Given the aEBITDA the company generates, we think the shares look significantly undervalued."

Needham adjusts down FY12 EPS from (0.39) to (0.45) and FY13 from (0.35) to (0.48).

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

Shares of ExamWorks Group closed at $11.57 yesterday.


Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT Change

Related Entities

Needham & Company