Canaccord Genuity Maintains a 'Hold' on Fuel Systems Solutions (FSYS); Markets May Be Underappreciating Potential Wins...Visibility Victim
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Price: $16.48 -2.25%
Rating Summary:
4 Buy, 5 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 22
Rating Summary:
4 Buy, 5 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 22
Trade FSYS Now!
Canaccord Genuity maintains a 'Hold' on Fuel Systems Solutions (NASDAQ: FSYS) price target lowered from $26 to $23.
Analyst, John Quealy, said, "While model year ’13 volumes in North America are still to be determined, we find the Street somewhat underappreciating the potential for contract wins and the long-awaited Asian business to help support H2/12. All else equal, given the hard sell-off yesterday (down 20%), we look for signs to get more constructive, even as our own numbers assume a modest lowering of guidance...Our new 2012/13 revenue/EPS numbers go to $417.4M/$0.25 and $450.0M/$0.52 from $431M/$0.47 and $470M/$0.68, respectively."
For an analyst ratings summary and ratings history on Fuel Systems Solutions click here. For more ratings news on Fuel Systems Solutions click here.
Shares of Fuel Systems Solutions closed at $19.20 yesterday, with a 52 week range of $15.35-$29.41.
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Analyst, John Quealy, said, "While model year ’13 volumes in North America are still to be determined, we find the Street somewhat underappreciating the potential for contract wins and the long-awaited Asian business to help support H2/12. All else equal, given the hard sell-off yesterday (down 20%), we look for signs to get more constructive, even as our own numbers assume a modest lowering of guidance...Our new 2012/13 revenue/EPS numbers go to $417.4M/$0.25 and $450.0M/$0.52 from $431M/$0.47 and $470M/$0.68, respectively."
For an analyst ratings summary and ratings history on Fuel Systems Solutions click here. For more ratings news on Fuel Systems Solutions click here.
Shares of Fuel Systems Solutions closed at $19.20 yesterday, with a 52 week range of $15.35-$29.41.
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