Goldman Sachs Starts Edwards Group Limited (EVAC) at Buy, Sees 76% Upside
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Price: $7.76 -0.13%
Rating Summary:
5 Buy, 0 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
Rating Summary:
5 Buy, 0 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
Trade EVAC Now!
Goldman Sachs initiates coverage on Edwards Group Limited (NASDAQ: EVAC) with a Buy and $13 price target, suggesting 76% upside.
The firm note shares trade at just 6X normalized EPS and 6X EV/EBITDA, and EPS is expected to grow at a high single-digit CAGR. Earnings will benefit from: (1) benefits from growth beyond the semi end market in areas such as industrial; (2) better capitalizes on its large installed base as it is currently capturing just 35% of the service opportunity on its own pumps; (3) reduces net debt from 1.8X post IPO to about 1X next year, contributing 10%-15% to our out-year EPS estimates.
For an analyst ratings summary and ratings history on Edwards Group Limited click here. For more ratings news on Edwards Group Limited click here.
Shares of Edwards Group Limited closed at $7.40 yesterday, with a 52 week range of $7.05-$8.90.
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The firm note shares trade at just 6X normalized EPS and 6X EV/EBITDA, and EPS is expected to grow at a high single-digit CAGR. Earnings will benefit from: (1) benefits from growth beyond the semi end market in areas such as industrial; (2) better capitalizes on its large installed base as it is currently capturing just 35% of the service opportunity on its own pumps; (3) reduces net debt from 1.8X post IPO to about 1X next year, contributing 10%-15% to our out-year EPS estimates.
For an analyst ratings summary and ratings history on Edwards Group Limited click here. For more ratings news on Edwards Group Limited click here.
Shares of Edwards Group Limited closed at $7.40 yesterday, with a 52 week range of $7.05-$8.90.
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