FBR Capital Reiterates an 'Outperform' on Fortegra Financial (FRF); In-Line 1Q11, But Remains A Favorite Small-Cap Name
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Price: $9.97 --0%
Rating Summary:
3 Buy, 2 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
3 Buy, 2 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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FBR Capital reiterates an 'Outperform' on Fortegra Financial (NYSE: FRF), PT $15.
FBR analyst says, "Fortegra remains one of our favorite small-cap names, as revenues are generally predictable and growth should accelerate as economic activity improves. In addition, we believe that recent lackluster stock performance has created an incredible buying opportunity, as shares are down more than 10% since its $11 IPO price set in December 2010, despite a strong start as a public company based on 4Q10 results." (FBR lowers FY11 EPS estimate from $0.95 to $0.90)
For more ratings news on Fortegra Financial click here and for the rating history of Fortegra Financial click here.
Shares of Fortegra Financial closed at $9.64 yesterday.
FBR analyst says, "Fortegra remains one of our favorite small-cap names, as revenues are generally predictable and growth should accelerate as economic activity improves. In addition, we believe that recent lackluster stock performance has created an incredible buying opportunity, as shares are down more than 10% since its $11 IPO price set in December 2010, despite a strong start as a public company based on 4Q10 results." (FBR lowers FY11 EPS estimate from $0.95 to $0.90)
For more ratings news on Fortegra Financial click here and for the rating history of Fortegra Financial click here.
Shares of Fortegra Financial closed at $9.64 yesterday.
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