Canaccord Genuity Maintains a 'Buy' on Elster Group SE (ELT); Gas Continues to Go
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Price: $20.54 --0%
Rating Summary:
7 Buy, 8 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
7 Buy, 8 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Canaccord Genuity maintains a 'Buy' on Elster Group SE (NYSE: ELT) price target of $20.00.
Canaccord analyst, John Quealy, said, "Gas remains the clear outperformer, while Electric and Water are a bit more uneven amid variability in end-market dynamics. The breadth and scale of Elster’s portfolio helps keep momentum intact, while the kick off of the international smart metering cycle offers attractive growth opportunities in the 2012+ timeframe. With a more back-end-loaded H2/11 than previously anticipated, we find Street expectations stay relatively tempered as 2011 guidance gets reaffirmed...Our 2011 revenue estimate gets tweaked to $1.91B from $1.90B, while adjusted EPS remains intact at $1.15. Our 2012 revenue estimate goes to $2.04B from $2.02B, while adjusted EPS remains $1.25."
For more ratings news on Elster Group SE click here and for the rating history of Elster Group SE click here.
Shares of Elster Group SE closed at $16.98 yesterday.
Canaccord analyst, John Quealy, said, "Gas remains the clear outperformer, while Electric and Water are a bit more uneven amid variability in end-market dynamics. The breadth and scale of Elster’s portfolio helps keep momentum intact, while the kick off of the international smart metering cycle offers attractive growth opportunities in the 2012+ timeframe. With a more back-end-loaded H2/11 than previously anticipated, we find Street expectations stay relatively tempered as 2011 guidance gets reaffirmed...Our 2011 revenue estimate gets tweaked to $1.91B from $1.90B, while adjusted EPS remains intact at $1.15. Our 2012 revenue estimate goes to $2.04B from $2.02B, while adjusted EPS remains $1.25."
For more ratings news on Elster Group SE click here and for the rating history of Elster Group SE click here.
Shares of Elster Group SE closed at $16.98 yesterday.
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