GARP Research Starts RealD (RLD) at Buy; Sentiment Swung Way Too Bearish
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Price: $11.00 --0%
Rating Summary:
7 Buy, 4 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
7 Buy, 4 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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GARP Research initiates coverage on RealD (NYSE: RLD) with a Buy.
Analyst, Rob Furlong, said, "We believe investor sentiment has turned too bearish for the dominant player in an industry that should continue growing over the next several years, albeit at a slower pace than the last few. The market has punished the company to the point where shares trade at just 16x what we think it can earn in FY12 (March fiscal), and we foresee EPS nearly doubling to $1.05 by FY15."
For an analyst ratings summary and ratings history on RealD click here. For more ratings news on RealD click here.
Shares of RealD closed at $8.77 yesterday.
Analyst, Rob Furlong, said, "We believe investor sentiment has turned too bearish for the dominant player in an industry that should continue growing over the next several years, albeit at a slower pace than the last few. The market has punished the company to the point where shares trade at just 16x what we think it can earn in FY12 (March fiscal), and we foresee EPS nearly doubling to $1.05 by FY15."
For an analyst ratings summary and ratings history on RealD click here. For more ratings news on RealD click here.
Shares of RealD closed at $8.77 yesterday.
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