FBR Capital Starts Ultrapetrol (ULTR) at Outperform; Accelerating South American Growth with a Competitive Advantage
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Price: $47.96 --0%
Rating Summary:
2 Buy, 0 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
2 Buy, 0 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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FBR Capital initiates coverage on Ultrapetrol (NASDAQ: ULTR) with an Outperform. PT $9.
FBR analyst says, "We are initiating coverage with an Outperform rating due to the company’s (1) meaningful competitive advantages in the South American river trade, with Ultrapetrol poised to benefit from the growing demand for South American natural resource exports; (2) large potential to improve profitability with external barge sales; (3) leverage to the large Brazilian PSV market; and (4) strong management team that deploys capital in attractive creative projects, often with regulatory protection such as cabotage."
For more ratings news on Ultrapetrol click here and for the rating history of Ultrapetrol click here.
Shares of Ultrapetrol closed at $5.09 yesterday.
FBR analyst says, "We are initiating coverage with an Outperform rating due to the company’s (1) meaningful competitive advantages in the South American river trade, with Ultrapetrol poised to benefit from the growing demand for South American natural resource exports; (2) large potential to improve profitability with external barge sales; (3) leverage to the large Brazilian PSV market; and (4) strong management team that deploys capital in attractive creative projects, often with regulatory protection such as cabotage."
For more ratings news on Ultrapetrol click here and for the rating history of Ultrapetrol click here.
Shares of Ultrapetrol closed at $5.09 yesterday.
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