FBR Capital Reiterates an 'Outperform' on Actuant (ATU); Surprisingly Strong Organic Growth Drives Solid EPS Beat
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Price: $21.87 --0%
Rating Summary:
1 Buy, 12 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
1 Buy, 12 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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FBR Capital reiterates an 'Outperform' on Actuant (NYSE: ATU), PT $30.
FBR analyst says, "We continue to like Actuant’s solid execution through the cycle and the company’s positioning in mid- to late-cycle markets, and we consider the stock’s relative underperformance year to date as an opportunity to build positions near the low end of the company’s valuation range. The company has implemented heavy restructuring through the downturn, which should contribute to healthy incremental margins as revenues in its beaten-down end markets recover...We are modestly raising our 2011/2012 estimates from $1.55/$1.90 to $1.64/$1.95."
For more ratings news on Actuant click here and for the rating history of Actuant click here.
Shares of Actuant closed at $24.07 yesterday.
FBR analyst says, "We continue to like Actuant’s solid execution through the cycle and the company’s positioning in mid- to late-cycle markets, and we consider the stock’s relative underperformance year to date as an opportunity to build positions near the low end of the company’s valuation range. The company has implemented heavy restructuring through the downturn, which should contribute to healthy incremental margins as revenues in its beaten-down end markets recover...We are modestly raising our 2011/2012 estimates from $1.55/$1.90 to $1.64/$1.95."
For more ratings news on Actuant click here and for the rating history of Actuant click here.
Shares of Actuant closed at $24.07 yesterday.
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