UBS Maintains a 'Buy' on KiOR, Inc. (KIOR); Secures $75M to Offset Market Volatility
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Price: $0.14 --0%
Rating Summary:
4 Buy, 6 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 21 | New: 20
Rating Summary:
4 Buy, 6 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 21 | New: 20
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UBS maintains a 'Buy' on KiOR, Inc. (NASDAQ: KIOR) price target lowered from $28 to $25.
UBS analyst says, "Given the volatility in the capital markets, we pushed out the Newton online date by one quarter to 1Q14E, and Liberty by two quarters to 4Q14E. We believe KiOR would exercise the no interest option in 2012. Accordingly, we lower our 2013 and 2014 EPS estimates to ($1.42) and ($0.81) from ($1.22) and $1.61 previously."
"Our new price target reflects our new estimate for Newton and Liberty production schedules. Our price target is based on DCF valuation that assumes a WACC of 12.3% (up from 12% due to the assumed increased cost of debt). We believe KiOR’s recent R&D advances are likely to allow it to meet and exceed its plant economics targets."
For an analyst ratings summary and ratings history on KiOR, Inc. click here. For more ratings news on KiOR, Inc. click here.
Shares of KiOR, Inc. closed at $12.00 yesterday.
UBS analyst says, "Given the volatility in the capital markets, we pushed out the Newton online date by one quarter to 1Q14E, and Liberty by two quarters to 4Q14E. We believe KiOR would exercise the no interest option in 2012. Accordingly, we lower our 2013 and 2014 EPS estimates to ($1.42) and ($0.81) from ($1.22) and $1.61 previously."
"Our new price target reflects our new estimate for Newton and Liberty production schedules. Our price target is based on DCF valuation that assumes a WACC of 12.3% (up from 12% due to the assumed increased cost of debt). We believe KiOR’s recent R&D advances are likely to allow it to meet and exceed its plant economics targets."
For an analyst ratings summary and ratings history on KiOR, Inc. click here. For more ratings news on KiOR, Inc. click here.
Shares of KiOR, Inc. closed at $12.00 yesterday.
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