ZELTIQ Aesthetics (ZLTQ): One Step Closer To Stable EPS Growth - Stifel

September 21, 2016 7:14 AM EDT
Get Alerts ZLTQ Hot Sheet
Price: $39.18 -1.46%

Rating Summary:
    11 Buy, 1 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 14 | Down: 12 | New: 15
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Stifel analyst, Jonathan Block, reiterated his Buy rating on shares of ZELTIQ Aesthetics (NASDAQ: ZLTQ) and raised the price target to $52 from $38. The analyst increased 2017 adjusted EBITDA margin 360 basis points (from 7.9% to 11.5%) while he expects the company to continue to spend on DTC and earmark more dollars internationally.

The combination of continued revenue growth (recurring revenue to total 70% of 2018 sales), margin expansion, and tax planning (Ireland manufacturing) sets the stage for ZELTIQ’s evolution into a sustainable EPS growth company with 2019 GAAP EPS of $1.53 (2019 cash EPS of $2.10).

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

Shares of ZELTIQ Aesthetics closed at $38.97 yesterday.



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