Canaccord Genuity Maintains a 'Hold' on Pentair (PNR); Q1/11 Preview: Focus on the Future
Tweet
Share
E-mailGet Alerts PNR Hot Sheet
Price: $64.57 +1.24%
Rating Summary:
17 Buy, 15 Hold, 4 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
17 Buy, 15 Hold, 4 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Join SI Premium – FREE
Canaccord Genuity maintains a 'Hold' on Pentair (NYSE: PNR), PT $42.
Canaccord analyst says, "While near-term cost headwinds remain, our longer-term outlook stays positive. We continue to like management’s focus on international expansion and technology-focused growth, while recent M&A (CPT) looks nice. We maintain our rating, as risk/reward appears appropriately balanced, in our view. Pentair will report Q1/11 results before the open on April 26."
"We expect Pentair to report Q1/11 revenue/EPS of $760M/$0.44 vs. consensus at $758.2M/$0.44. Guidance is $750-760M/$0.42-0.45...We look for additional financial details on the pending purchase of Norit’s CPT business (anticipated close mid-Q2), while expecting recent investments to help drive growth in both Water and Technical Products (particularly in emerging economies)."
For more ratings news on Pentair click here and for the rating history of Pentair click here.
Shares of Pentair closed at $38.72 yesterday.
Canaccord analyst says, "While near-term cost headwinds remain, our longer-term outlook stays positive. We continue to like management’s focus on international expansion and technology-focused growth, while recent M&A (CPT) looks nice. We maintain our rating, as risk/reward appears appropriately balanced, in our view. Pentair will report Q1/11 results before the open on April 26."
"We expect Pentair to report Q1/11 revenue/EPS of $760M/$0.44 vs. consensus at $758.2M/$0.44. Guidance is $750-760M/$0.42-0.45...We look for additional financial details on the pending purchase of Norit’s CPT business (anticipated close mid-Q2), while expecting recent investments to help drive growth in both Water and Technical Products (particularly in emerging economies)."
For more ratings news on Pentair click here and for the rating history of Pentair click here.
Shares of Pentair closed at $38.72 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Advance Auto Parts (AAP) PT Lowered to $48 at DA Davidson Following 25% Selloff Post Q2 Results
- Benchmark Reiterates Buy Rating on Rank One Computing (ROC)
- Cummins (CMI) PT Lowered to $675 at Jefferies
Create E-mail Alert Related Categories
Analyst CommentsSign 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!
