Canaccord Genuity Reiterates a 'Buy' on comScore (SCOR); Q1/11: Business Momentum Evident
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Price: $6.20 +2.14%
Rating Summary:
9 Buy, 11 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
9 Buy, 11 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Canaccord Genuity reiterates a 'Buy' on comScore (NASDAQ: SCOR), PT $35.
Canaccord analyst says, "comScore Q1 results beat consensus and exhibited strong existing customer growth and better than expected margins. Guidance for Q2 was mixed, but the company raised its full-year guidance slightly. At 23x 2012E pro forma EPS vs. the group at 24x, we continue to believe that comScore will benefit as it integrates recent acquisitions, broadens its product suite and profits as the ad effectiveness segment benefits from a strong online ad environment."
"Our 2011E revenue stays at $240M while EPS goes to $1.06, with $297M/$1.34 in 2012E. We are reiterating our DCF-based price target of $35 or 26x 2012E pro forma EPS vs. the group at 24x, due to the company’s visible subscription model."
For more ratings news on comScore click here and for the rating history of comScore click here.
Shares of comScore closed at $30.69 yesterday.
Canaccord analyst says, "comScore Q1 results beat consensus and exhibited strong existing customer growth and better than expected margins. Guidance for Q2 was mixed, but the company raised its full-year guidance slightly. At 23x 2012E pro forma EPS vs. the group at 24x, we continue to believe that comScore will benefit as it integrates recent acquisitions, broadens its product suite and profits as the ad effectiveness segment benefits from a strong online ad environment."
"Our 2011E revenue stays at $240M while EPS goes to $1.06, with $297M/$1.34 in 2012E. We are reiterating our DCF-based price target of $35 or 26x 2012E pro forma EPS vs. the group at 24x, due to the company’s visible subscription model."
For more ratings news on comScore click here and for the rating history of comScore click here.
Shares of comScore closed at $30.69 yesterday.
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