Soleil Securities Upgrades United Stationers (USTR) to Gradually Accumulate
USTR Hot Sheet
Rating Summary:2 Buy, 3 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 16 | Down: 7 | New: 23
Soleil Securities upgrades United Stationers (Nasdaq: USTR) to Gradually Accumulate. Price target increased from $53 to $63.
Soleil analyst says, "3Q09 earnings of $1.38 per share (vs last year's adjusted $1.26) were 38 cents above our estimate on good expense control, with sales $29 million (or 2%) more than our forecast. Strong cash flow resulted in a $272 million reduction in debt (a 38% decline) over the past year, with the debt-to-capitalization ratio down to 40% (vs 55% a year earlier). Factoring in the 3Q out-performance and slightly raising our 4Q estimate yields and EPS estimate for 2009 of $3.95 per share (vs $3.52 previously), with our 2010 estimate raised to $4.30 per share (from $3.88)."
To see more analyst ratings on USTR Click Here.
United Stationers Inc., through its subsidiaries, engages in the wholesale distribution of business products in North America.
Soleil analyst says, "3Q09 earnings of $1.38 per share (vs last year's adjusted $1.26) were 38 cents above our estimate on good expense control, with sales $29 million (or 2%) more than our forecast. Strong cash flow resulted in a $272 million reduction in debt (a 38% decline) over the past year, with the debt-to-capitalization ratio down to 40% (vs 55% a year earlier). Factoring in the 3Q out-performance and slightly raising our 4Q estimate yields and EPS estimate for 2009 of $3.95 per share (vs $3.52 previously), with our 2010 estimate raised to $4.30 per share (from $3.88)."
To see more analyst ratings on USTR Click Here.
United Stationers Inc., through its subsidiaries, engages in the wholesale distribution of business products in North America.
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