Standpoint Research Starts Foster Wheeler (FWLT) at Buy
Tweet
Share
E-mailGet Alerts FWLT Hot Sheet
Price: $27.52 --0%
Rating Summary:
4 Buy, 12 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 10 | Down: 11 | New: 7
Rating Summary:
4 Buy, 12 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 10 | Down: 11 | New: 7
Join SI Premium – FREE
Standpoint Research initiates coverage on Foster Wheeler (NASDAQ: FWLT) with a Buy. PT $28.00.
The firm comments, "We went into Siemens last month as the fear regarding Europe/Germany climaxed and Siemens sold of in an overreaction. The shares have bounced $18 since our recommendation and we are happy to lock that in and roll the proceeds over into FWLT. Foster Wheeler, also an Industrial name, has a market capitalization of $2.4 bln and is trading more than 40% off its 52-week high. The company, trading at 10X estimates for next year, should see double-digit growth next year in revenues and EPS. P/S is 0.5, EV/EBITDA is <6, P/CF is 11, P/FCF is 16, relative strength is 21/100 and long term debt-to-capital is 13%. Earnings purity is > 90% and ROE has been near 20% in each of the last three years. Three-quarters of FWLT revenue comes from construction and engineering."
For more ratings news on Foster Wheeler click here and for the rating history of Foster Wheeler click here.
Shares of Foster Wheeler closed at $20.66 yesterday.
The firm comments, "We went into Siemens last month as the fear regarding Europe/Germany climaxed and Siemens sold of in an overreaction. The shares have bounced $18 since our recommendation and we are happy to lock that in and roll the proceeds over into FWLT. Foster Wheeler, also an Industrial name, has a market capitalization of $2.4 bln and is trading more than 40% off its 52-week high. The company, trading at 10X estimates for next year, should see double-digit growth next year in revenues and EPS. P/S is 0.5, EV/EBITDA is <6, P/CF is 11, P/FCF is 16, relative strength is 21/100 and long term debt-to-capital is 13%. Earnings purity is > 90% and ROE has been near 20% in each of the last three years. Three-quarters of FWLT revenue comes from construction and engineering."
For more ratings news on Foster Wheeler click here and for the rating history of Foster Wheeler click here.
Shares of Foster Wheeler closed at $20.66 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Intermediate Capital Group (ICP:LN) (ICGUF) PT Raised to GBP22.50 at Citi
- HarborOne Bancorp, Inc. (HONE) Tops Q1 EPS by 6c
- OSI Systems (OSIS) Tops Q3 EPS by 6c
Create E-mail Alert Related Categories
New CoverageRelated Entities
Standpoint Research, EarningsSign 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!
