FBR Capital Reiterates an 'Outperform' on Imperial Holdings (IFT); Highlights from Investor Meetings
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Price: $5.57 --0%
Rating Summary:
2 Buy, 1 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 17
Rating Summary:
2 Buy, 1 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 17
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FBR Capital reiterates an 'Outperform' on Imperial Holdings (NYSE: IFT).
FBR analyst says, "We reiterate our rating on IFT shares following our recent trip with management to meet investors. Business trends remain strong, as both margins and volumes continue to meet or exceed management expectations. With a projected TBV of nearly $12 by year-end 2011 and management reiterating its comfort with our FY11 EPS estimate of $1.69 ($1.81 operating), we view the shares as very attractive at current levels. While the shares have underperformed recently, we expect that as management executes its business plan and investor confidence increases, the combination of rapid EPS growth ($3.00 EPS projected by 2013), lack of credit risk and high ROE (18% in 2012) should lead to share price appreciation."
For more ratings news on Imperial Holdings click here and for the rating history of Imperial Holdings click here.
Shares of Imperial Holdings closed at $9.29 yesterday.
FBR analyst says, "We reiterate our rating on IFT shares following our recent trip with management to meet investors. Business trends remain strong, as both margins and volumes continue to meet or exceed management expectations. With a projected TBV of nearly $12 by year-end 2011 and management reiterating its comfort with our FY11 EPS estimate of $1.69 ($1.81 operating), we view the shares as very attractive at current levels. While the shares have underperformed recently, we expect that as management executes its business plan and investor confidence increases, the combination of rapid EPS growth ($3.00 EPS projected by 2013), lack of credit risk and high ROE (18% in 2012) should lead to share price appreciation."
For more ratings news on Imperial Holdings click here and for the rating history of Imperial Holdings click here.
Shares of Imperial Holdings closed at $9.29 yesterday.
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