Needham & Company Reiterates a 'Buy' on FEI Company (FEIC); Raising Numbers on Solid Finish & Guidance
Tweet Send to a FriendGet Alerts FEIC Hot Sheet
Price: $75.37 +1.70%
Rating Summary:
5 Buy, 4 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 12 | New: 30
Rating Summary:
5 Buy, 4 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 12 | New: 30
Trade FEIC Now!
Needham & Company reiterates a 'Buy' on FEI Company (NASDAQ: FEIC) price target raised from $47 to $55.
Analyst, James Ricchiuti, said, "FEIC ended the year on strong note, reporting solid y/o/y growth in revenues and EPS. Bookings were in line with guidance, and management guided to sequentially higher orders for Q1, exceeding our expectations. In short, FEIC enters 2012 with solid momentum across its major markets. FEIC shares, which are up 18% y/t/d, remain an attractive value, in our view, trading at 14x our 2012 EPS estimate, adjusting for net cash. Looking out over the next 1-2 years, we believe there are several potential catalysts that could allow us to raise estimates further, including growing momentum from new initiatives in the life science and natural resource markets, along with continued solid activity in the core electronics market."
"We are increasing our Q1 EPS estimate to $0.60 from $0.58 on revenues of $211.8M. We are increasing our full-year EPS estimate to $2.65 from $2.57 on revenue of $870M, up from $859M previously. We are initiating a 2013 EPS estimate of $3.05 on revenue of $929.5M."
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 $46.14 yesterday, with a 52 week range of $26.61-$47.04.
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 Ricchiuti, said, "FEIC ended the year on strong note, reporting solid y/o/y growth in revenues and EPS. Bookings were in line with guidance, and management guided to sequentially higher orders for Q1, exceeding our expectations. In short, FEIC enters 2012 with solid momentum across its major markets. FEIC shares, which are up 18% y/t/d, remain an attractive value, in our view, trading at 14x our 2012 EPS estimate, adjusting for net cash. Looking out over the next 1-2 years, we believe there are several potential catalysts that could allow us to raise estimates further, including growing momentum from new initiatives in the life science and natural resource markets, along with continued solid activity in the core electronics market."
"We are increasing our Q1 EPS estimate to $0.60 from $0.58 on revenues of $211.8M. We are increasing our full-year EPS estimate to $2.65 from $2.57 on revenue of $870M, up from $859M previously. We are initiating a 2013 EPS estimate of $3.05 on revenue of $929.5M."
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 $46.14 yesterday, with a 52 week range of $26.61-$47.04.
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 Maintains Bullish Stance on Walter Energy (WLT)
- Wells Fargo Upgrades ProLogis (PLD) to Outperform
- UPDATE: Canaccord Genuity Starts T-Mobile US, (TMUS) at Hold
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!
