Wedbush Upgrades Willdan Group (WLDN) to Outperform; Q4 Revenues Easily Top Expectations
Tweet Send to a FriendGet Alerts WLDN Hot Sheet
Price: $2.68 +3.08%
Rating Summary:
0 Buy, 1 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 21 | Down: 24 | New: 29
Rating Summary:
0 Buy, 1 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 21 | Down: 24 | New: 29
Trade WLDN Now!
Wedbush upgraded Willdan Group (NASDAQ: WLDN) from Market Perform to Outperform, price target raised from $4.50 to $5.00.
Analyst, Al Kaschalk, said, "We are upgrading shares of WLDN following the company’s better-than-expected Q4 top line performance and improved sentiment around the company’s service lines. The strong revenue performance was due to stabilized business related to California residential housing but also growth in the Homeland Security and Energy Services segments. While the transition away from business in California is in large part out of necessity, management is seeing demand for bid proposals in several areas including energy efficiency, outsourcing and transportation engineering. With Engineering revenues expected to grow 15%, an improving balance sheet and shares trading less than book, shares provide favorable risk/reward profile at current levels."
For an analyst ratings summary and ratings history on Willdan Group click here. For more ratings news on Willdan Group click here.
Shares of Willdan Group closed at $3.69 yesterday, with a 52 week range of $3.50-$4.50.
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, Al Kaschalk, said, "We are upgrading shares of WLDN following the company’s better-than-expected Q4 top line performance and improved sentiment around the company’s service lines. The strong revenue performance was due to stabilized business related to California residential housing but also growth in the Homeland Security and Energy Services segments. While the transition away from business in California is in large part out of necessity, management is seeing demand for bid proposals in several areas including energy efficiency, outsourcing and transportation engineering. With Engineering revenues expected to grow 15%, an improving balance sheet and shares trading less than book, shares provide favorable risk/reward profile at current levels."
For an analyst ratings summary and ratings history on Willdan Group click here. For more ratings news on Willdan Group click here.
Shares of Willdan Group closed at $3.69 yesterday, with a 52 week range of $3.50-$4.50.
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
- Hewlett-Packard (HPQ) Q2 Performance Wins Praise on Wall Street; Jefferies Raises to Hold
- Topeka Capital Upgrades Pacific Sunwear of California (PSUN) to Buy
- Best Buy (BBY) Numbers Raised at Jefferies Post Q1
Create E-mail Alert Related Categories
Analyst EPS View, Analyst PT Change, Upgrades
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!
