Canaccord Genuity Maintains a 'Hold' on ESCO Technologies (ESE); Betting on a Bounce in '13
Tweet
Share
E-mailGet Alerts ESE Hot Sheet
Price: $287.24 +0.94%
Rating Summary:
9 Buy, 4 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
9 Buy, 4 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Join SI Premium – FREE
Canaccord Genuity maintains a 'Hold' on ESCO Technologies (NYSE: ESE) price target of $33.00.
Canaccord analyst, John Quealy, said, "After executing strongly in ’11, F2012 represents more of a transitional year than expected, given tough compares across platform (e.g. ~$40M in USG). That said, management’s outlook for ’13 (e.g., SoCal Gas, Doble product cycle) is more bullish given the macro environment. Near term, we expect positive sentiment to support shares into our price target."
"Our F2012 revenue/EPS estimates get revised to $720.0M/$2.05 from $745.0M/$2.45. We introduce F2013 estimates of $831M/$2.68."
For an analyst ratings summary and ratings history on ESCO Technologies click here. For more ratings news on ESCO Technologies click here.
Shares of ESCO Technologies closed at $30.29 yesterday.
Canaccord analyst, John Quealy, said, "After executing strongly in ’11, F2012 represents more of a transitional year than expected, given tough compares across platform (e.g. ~$40M in USG). That said, management’s outlook for ’13 (e.g., SoCal Gas, Doble product cycle) is more bullish given the macro environment. Near term, we expect positive sentiment to support shares into our price target."
"Our F2012 revenue/EPS estimates get revised to $720.0M/$2.05 from $745.0M/$2.45. We introduce F2013 estimates of $831M/$2.68."
For an analyst ratings summary and ratings history on ESCO Technologies click here. For more ratings news on ESCO Technologies click here.
Shares of ESCO Technologies closed at $30.29 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'
- Mizuho Reiterates Outperform Rating on Broadcom Limited (AVGO) Into EPS
Create E-mail Alert Related Categories
Analyst CommentsSign 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!
