KeyBanc Starts Aixtron (AIXG) at Hold, Estimates Lower Demand Than Street Forecasts
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Price: $16.12 -1.95%
Rating Summary:
6 Buy, 18 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 21 | Down: 24 | New: 29
Rating Summary:
6 Buy, 18 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 21 | Down: 24 | New: 29
Trade AIXG Now!
KeyBanc initiates coverage on shares of Aixtron (NASDAQ: AIXG) with a Hold rating.
The firm notes that they are encouraged about demand trends for MOCVD tools and the Company’s ability to maintain market share. KeyBanc is forecasting that tool shipments will trend lower than what analysts are forecasting for 2012 and 2013.
KeyBancs demand outlook is based on "the belief that consensus is overestimating the shipments required for the TV and replacement markets and underestimating the impact from the capacity build in China."
For 2012, the firm estimates that 500 shipments of MOCVD will lead to EPS of $0.96. KeyBamc also predicts that Aixtron will maintain its market share of MOCVD as growth in China begins to slow.
For more ratings news on Aixtron click here and for the rating history of Aixtron click here.
Shares of Aixtron closed at $15.11 yesterday, with a 52 week range of $15.11-$44.96.
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The firm notes that they are encouraged about demand trends for MOCVD tools and the Company’s ability to maintain market share. KeyBanc is forecasting that tool shipments will trend lower than what analysts are forecasting for 2012 and 2013.
KeyBancs demand outlook is based on "the belief that consensus is overestimating the shipments required for the TV and replacement markets and underestimating the impact from the capacity build in China."
For 2012, the firm estimates that 500 shipments of MOCVD will lead to EPS of $0.96. KeyBamc also predicts that Aixtron will maintain its market share of MOCVD as growth in China begins to slow.
For more ratings news on Aixtron click here and for the rating history of Aixtron click here.
Shares of Aixtron closed at $15.11 yesterday, with a 52 week range of $15.11-$44.96.
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