DA Davidson Raises Price Target on Nu Skin Enterprises (NUS) Following Recent Talks Today With Management
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Price: $4.80 -1.03%
Rating Summary:
3 Buy, 10 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
3 Buy, 10 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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DA Davidson is reiterating its Buy rating on shares of Nu Skin Enterprises (NYSE: NUS) and is raising its price target from $41 to $46 on following talks with the company today, June 3, 2011.
The company has reported 34 percent, 37 percent, and 47 percent year-over-year growth for the last three quarters in China. Its strong pipeline, combined with its new regional headquarters and new provincial licenses announced last month, leave the company a lot of room ahead for growth.
NUS noted that it is strategically re-thinking its locations and may be moving its production to South East Asia as it would save the company around $10 million in import duties. The company is also looking at re-designing its products through its 6S Quality Process which emphasizes selection, sourcing, structure, standardization, safety and substantiation as key manufacturing touchstones.
The firms current FY11 and FY12 EPS estimates are $2.40 and $2.75.
For more ratings news on Nu Skin Enterprises click here and for the rating history of Nu Skin Enterprises click here.
Shares of Nu Skin Enterprises closed at $38.18 yesterday.
The company has reported 34 percent, 37 percent, and 47 percent year-over-year growth for the last three quarters in China. Its strong pipeline, combined with its new regional headquarters and new provincial licenses announced last month, leave the company a lot of room ahead for growth.
NUS noted that it is strategically re-thinking its locations and may be moving its production to South East Asia as it would save the company around $10 million in import duties. The company is also looking at re-designing its products through its 6S Quality Process which emphasizes selection, sourcing, structure, standardization, safety and substantiation as key manufacturing touchstones.
The firms current FY11 and FY12 EPS estimates are $2.40 and $2.75.
For more ratings news on Nu Skin Enterprises click here and for the rating history of Nu Skin Enterprises click here.
Shares of Nu Skin Enterprises closed at $38.18 yesterday.
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