Global Hunter Securities Starts Coleman Cable (CCIX) at Accumulate; Diversified Product Offerings and End-markets
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Price: $10.88 --0%
Rating Summary:
2 Buy, 0 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
2 Buy, 0 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Global Hunter Securities initiates coverage on Coleman Cable (NASDAQ: CCIX) with a Accumulate. PT $11.00.
Global analyst said, "The company currently operates twelve manufacturing centers and sells its products to more than 8,500 active customers, nearly all of which are located in the US. Coleman, which was founded in 1970, has been a public company since 2007, and has used its cash flow, public currency and access to credit markets to grow both through organic expansion and opportunistic acquisitions. It recently completed three acquisitions totaling $69.7MM in order to grow the business, as well as to diversify its already broad product offering and enter new market segments. We believe that Coleman’s core business and the contribution from these newly owned enterprises can prove to be material value creators despite the opaque macro outlook. Given the above and the growth we expect from the company, we are initiating coverage of Coleman Cable with an Accumulate Rating."
For an analyst ratings summary and ratings history on Coleman Cable click here. For more ratings news on Coleman Cable click here.
Shares of Coleman Cable closed at $8.37 yesterday.
Global analyst said, "The company currently operates twelve manufacturing centers and sells its products to more than 8,500 active customers, nearly all of which are located in the US. Coleman, which was founded in 1970, has been a public company since 2007, and has used its cash flow, public currency and access to credit markets to grow both through organic expansion and opportunistic acquisitions. It recently completed three acquisitions totaling $69.7MM in order to grow the business, as well as to diversify its already broad product offering and enter new market segments. We believe that Coleman’s core business and the contribution from these newly owned enterprises can prove to be material value creators despite the opaque macro outlook. Given the above and the growth we expect from the company, we are initiating coverage of Coleman Cable with an Accumulate Rating."
For an analyst ratings summary and ratings history on Coleman Cable click here. For more ratings news on Coleman Cable click here.
Shares of Coleman Cable closed at $8.37 yesterday.
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