Needham & Company Reiterates a 'Buy' on FEI Company (FEIC); Bookings Solid, Driven By Strong Orders In Research & Life Sciences Market
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Price: $106.89 --0%
Rating Summary:
3 Buy, 8 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
3 Buy, 8 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Needham & Company reiterates a 'Buy' on FEI Company (NASDAQ: FEIC) price target raised $1 to $43.
Needham analyst says, "FEIC reported better than expected Q3 EPS on in-line revenues. Bookings were also in line with guidance, and management guided to sequentially flat bookings in Q4, which was slightly better than expected. Strong bookings in the Research & Industrial and Life Science markets offset a sharp (but expected) decline in Electronics, giving the company a respectable 0.9 B-T-B and healthy backlog. FEIC shares have enjoyed a strong recovery over the past month but offer solid value, in our view, trading at 11x our 2012 EPS estimate, adjusting for net cash. Looking to 2012, we believe there are several potential catalysts that could allow us to raise estimates, including a pickup in the electronics market and momentum in the company’s new venture in the natural resource market."
For more ratings news on FEI Company click here and for the rating history of FEI Company click here.
Shares of FEI Company closed at $36.51 yesterday.
Needham analyst says, "FEIC reported better than expected Q3 EPS on in-line revenues. Bookings were also in line with guidance, and management guided to sequentially flat bookings in Q4, which was slightly better than expected. Strong bookings in the Research & Industrial and Life Science markets offset a sharp (but expected) decline in Electronics, giving the company a respectable 0.9 B-T-B and healthy backlog. FEIC shares have enjoyed a strong recovery over the past month but offer solid value, in our view, trading at 11x our 2012 EPS estimate, adjusting for net cash. Looking to 2012, we believe there are several potential catalysts that could allow us to raise estimates, including a pickup in the electronics market and momentum in the company’s new venture in the natural resource market."
For more ratings news on FEI Company click here and for the rating history of FEI Company click here.
Shares of FEI Company closed at $36.51 yesterday.
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