UBS Maintains a 'Buy' on The Shaw Group (SHAW); Lowers PT & Estimates
Tweet
Share
E-mailGet Alerts SHAW Hot Sheet
Price: $47.61 --0%
Rating Summary:
4 Buy, 5 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
4 Buy, 5 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Join SI Premium – FREE
UBS maintains a 'Buy' on The Shaw Group (NYSE: SHAW), lowers PT from $45 to $37.
UBS analyst says, "Very tough FQ3; FY12 still implies significant growth, but disappoints - The nuclear COL timing and troubled E&C project are weighing on FY12. While Shaw announced another buyback, it would use roughly half the current cash balance. While disappointing, FY12 guidance (if achieved) does reflect EPS growth, and a number of things could go right next year, and some issues could just be a matter of timing. However, until there is clarity on the troubled E&C project and nuclear approval, we expect investors to keep Shaw in the penalty box." (UBS lowers FY11 EPS estimate from $1.75 to $0.06 and FY12 from $2.90 to $2.30)
For more ratings news on The Shaw Group click here and for the rating history of The Shaw Group click here.
Shares of The Shaw Group closed at $29.83 yesterday.
UBS analyst says, "Very tough FQ3; FY12 still implies significant growth, but disappoints - The nuclear COL timing and troubled E&C project are weighing on FY12. While Shaw announced another buyback, it would use roughly half the current cash balance. While disappointing, FY12 guidance (if achieved) does reflect EPS growth, and a number of things could go right next year, and some issues could just be a matter of timing. However, until there is clarity on the troubled E&C project and nuclear approval, we expect investors to keep Shaw in the penalty box." (UBS lowers FY11 EPS estimate from $1.75 to $0.06 and FY12 from $2.90 to $2.30)
For more ratings news on The Shaw Group click here and for the rating history of The Shaw Group click here.
Shares of The Shaw Group closed at $29.83 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Viking Holdings (VIK) PT Raised to $82 at Mizuho
- Walmart (WMT) PT Lowered to $125 at JPMorgan, Overweight Rating Maintained as 'Short Case Feels Greedy'
- Beike (BEKE) PT Raised to $23 at Morgan Stanley
Create E-mail Alert Related Categories
Analyst CommentsRelated Entities
UBSSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
