Canaccord Genuity Maintains a 'Buy' on Elster Group SE (ELT); Q1 Preview: Solid Quarter Expected
Tweet
Share
E-mailGet Alerts ELT Hot Sheet
Price: $20.54 --0%
Rating Summary:
7 Buy, 8 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
7 Buy, 8 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Join SI Premium – FREE
Canaccord Genuity maintains a 'Buy' on Elster Group SE (NYSE: ELT), PT $20.
Canaccord analyst says, "With several new product introductions and customer wins announced, we find Elster well positioned to compete as the Smart Grid cycle continues in earnest. While Street expectations remain fairly modest, we continue to find the risk/reward compelling at current levels."
"Elster is scheduled to report Q1/11 on Friday, May 6 before the open, with a call at 8am ET. We model revenue/adjusted EPS at $420M/$0.20 vs. consensus at $427.5M/$0.20. We expect Gas to remain strong, yet moderating a bit from Q4 given project timing, while international Water likely outperforms a weather-impacted domestic market. That said, Electricity is poised to lead platform growth moving through 2011."
For more ratings news on Elster Group SE click here and for the rating history of Elster Group SE click here.
Shares of Elster Group SE closed at $15.31 yesterday.
Canaccord analyst says, "With several new product introductions and customer wins announced, we find Elster well positioned to compete as the Smart Grid cycle continues in earnest. While Street expectations remain fairly modest, we continue to find the risk/reward compelling at current levels."
"Elster is scheduled to report Q1/11 on Friday, May 6 before the open, with a call at 8am ET. We model revenue/adjusted EPS at $420M/$0.20 vs. consensus at $427.5M/$0.20. We expect Gas to remain strong, yet moderating a bit from Q4 given project timing, while international Water likely outperforms a weather-impacted domestic market. That said, Electricity is poised to lead platform growth moving through 2011."
For more ratings news on Elster Group SE click here and for the rating history of Elster Group SE click here.
Shares of Elster Group SE closed at $15.31 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Viking Holdings (VIK) PT Raised to $82 at Mizuho
- Walmart (WMT) PT Lowered to $125 at JPMorgan, Overweight Rating Maintained as 'Short Case Feels Greedy'
- Mizuho Reiterates Outperform Rating on Broadcom Limited (AVGO) Into EPS
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!
