Global Hunter Securities Starts Cascade Corporation (CASC) at Buy; Market Leader in Lift Truck Attachments
Tweet
Share
E-mailGet Alerts CASC Hot Sheet
Price: $0.97 --0%
Rating Summary:
2 Buy, 0 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
Rating Summary:
2 Buy, 0 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
Join SI Premium – FREE
Global Hunter Securities initiates coverage on Cascade Corporation (NYSE: CASC) with a Buy. PT $60.00.
Global analyst said, "Cascade is a leading player in the global market for materials handling equipment. It is the largest manufacturer of attachments for use on industrial lift trucks as well as construction, agricultural and mining related vehicles. A family founded entity with nearly 70 years of operating history, Cascade has grown through generational shifts and volatile economic cycles. It has expanded its presence throughout its core market of North America, while also leveraging its design, manufacturing and branding efforts to create a global footprint, where international revenues now account for ~55% of aggregate run rates...Given this cautious stance regarding the macro outlook we feel that Cascade is currently trading at a valuation, based on historic EV/EBITDA multiple trends, that justifies buying shares at current levels and potentially building positions into any weakness."
For an analyst ratings summary and ratings history on Cascade Corporation click here. For more ratings news on Cascade Corporation click here.
Shares of Cascade Corporation closed at $46.88 yesterday.
Global analyst said, "Cascade is a leading player in the global market for materials handling equipment. It is the largest manufacturer of attachments for use on industrial lift trucks as well as construction, agricultural and mining related vehicles. A family founded entity with nearly 70 years of operating history, Cascade has grown through generational shifts and volatile economic cycles. It has expanded its presence throughout its core market of North America, while also leveraging its design, manufacturing and branding efforts to create a global footprint, where international revenues now account for ~55% of aggregate run rates...Given this cautious stance regarding the macro outlook we feel that Cascade is currently trading at a valuation, based on historic EV/EBITDA multiple trends, that justifies buying shares at current levels and potentially building positions into any weakness."
For an analyst ratings summary and ratings history on Cascade Corporation click here. For more ratings news on Cascade Corporation click here.
Shares of Cascade Corporation closed at $46.88 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Scotiabank Starts Rapid7 (RPD) at Sector Perform
- DA Davidson Starts Napco Security Technologies, Inc. (NSSC) at Buy
- Berenberg Starts Lloyds TSB Group (LYG) at Hold, 'shares are fairly valued'
Create E-mail Alert Related Categories
New CoverageSign 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!
