Close

RBC Capital Cuts Price Target on KEYW Holding (KEYW) Following a Tough 3Q

November 10, 2015 7:28 AM EST
Get Alerts KEYW Hot Sheet
Price: $11.23 --0%

Rating Summary:
    3 Buy, 8 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 13 | Down: 11 | New: 11
Join SI Premium – FREE

RBC Capital reiterated an Outperform rating on The KEYW Holding Corporation (NASDAQ: KEYW), and cut the price target to $11.00 (from $12.00), following the company's 3Q earnings report. KEYW reported Q3 sales of $81m, missing street estimates of $83m largely on Gov services. EBITDA of $0.7m was behind consensus $2.8m due to costs, mostly at Gov. EPS was $(0.20).

Analyst Steven Cahall commented, "We maintain our Outperform, Speculative Risk rating on KEYW and trim our price target to $11. While Gov had a tough Q3, Hexis results are gaining momentum and we see this supporting the long-term valuation."

For an analyst ratings summary and ratings history on The KEYW Holding Corporation click here. For more ratings news on The KEYW Holding Corporation click here.

Shares of The KEYW Holding Corporation closed at $7.39 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

RBC Capital, Earnings