Roth Capital Doubles PT on Clean Diesel Technologies (CDTI) to $4; Sees Improving Balance Sheet Metrics

August 23, 2016 7:59 AM EDT
Get Alerts CDTI Hot Sheet
Price: $0.53 --0%

Rating Summary:
    1 Buy, 1 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
Trade CDTI Now!
Join SI Premium – FREE

Get daily under-the-radar research with's Stealth Growth Insider Get your 2-Wk Free Trial here.

Roth Capital doubles its price target on Neutral-rated Clean Diesel Technologies (Nasdaq: CDTI) from $2 to $4 following Q2 results reported last week.

Analyst Matt Koranda commented today: The health of CDTI’s balance sheet should be the primary focus for investors until greater near-term liquidity is restored. As such, we remain Neutral, awaiting final debt conversion (expected after shareholder approval on 8/25) and an improved cash balance that would enable CDTI to fund near and medium-term growth opportunities with key commercial partners like Panasonic and Haldor Topsoe.

Estimate changes: Our 2016 revenue estimate is now $39.3mn vs. prior consensus of $40.6mn and prior ROTHe of $41.5mn. We forecast GMs of 26.1% vs. prior consensus of 28.6% and prior ROTHe of 28.8%. Lower opex, higher interest expense, and an increased income tax benefit lead to our increased EPS estimate of ($1.62) vs. prior consensus of ($0.91) and prior ROTHe of ($1.70).

For an analyst ratings summary and ratings history on Clean Diesel Technologies click here. For more ratings news on Clean Diesel Technologies click here.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Analyst Comments, Analyst PT Change

Related Entities

Roth Capital

Add Your Comment