Collins Stewart Starts Vistaprint NV (VPRT) at Neutral; Near-term Concerns Trump Long-term Story, For Now
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Price: $67.60 +0.96%
Rating Summary:
1 Buy, 7 Hold, 4 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
1 Buy, 7 Hold, 4 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Collins Stewart initiates coverage on Vistaprint NV (NASDAQ: VPRT) with a Neutral. PT $54.
Collins analyst says, "VPRT has good long-term growth prospects due to: 1) geographic expansion (esp. in APAC); 2) category expansion (esp. in digital); 3) share gains from a low 3% share currently, with a lot of headroom to grow; 4) positive feedback cycle from high volume leading to low costs, which drive more volume; and 5) its ability to upsell/ cross-sell different products...Our concerns include: 1) weakening European economic environment; 2) increasing customer acquisition cost; 3) aggressive near-term investment by management to fuel long-term growth pressuring margins in F2012; 4) management may issue F2012 guidance lower than street expectations, affecting the stock price (even if it is due to conservatism); 5) the possibility that US small business recovery currently in progress may move slower than expected and 6) not enough margin of safety in the current valuation."
For more ratings news on Vistaprint NV click here and for the rating history of Vistaprint NV click here.
Shares of Vistaprint NV closed at $48.77 yesterday.
Collins analyst says, "VPRT has good long-term growth prospects due to: 1) geographic expansion (esp. in APAC); 2) category expansion (esp. in digital); 3) share gains from a low 3% share currently, with a lot of headroom to grow; 4) positive feedback cycle from high volume leading to low costs, which drive more volume; and 5) its ability to upsell/ cross-sell different products...Our concerns include: 1) weakening European economic environment; 2) increasing customer acquisition cost; 3) aggressive near-term investment by management to fuel long-term growth pressuring margins in F2012; 4) management may issue F2012 guidance lower than street expectations, affecting the stock price (even if it is due to conservatism); 5) the possibility that US small business recovery currently in progress may move slower than expected and 6) not enough margin of safety in the current valuation."
For more ratings news on Vistaprint NV click here and for the rating history of Vistaprint NV click here.
Shares of Vistaprint NV closed at $48.77 yesterday.
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