Global Hunter Securities Starts Metalico (MEA) at Buy; Mundane Urban Mining With A Growth Kick
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Price: $0.60 --0%
Rating Summary:
1 Buy, 1 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
1 Buy, 1 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Global Hunter Securities initiates coverage on Metalico (NYSE: MEA) with a Buy. PT $6.50.
Analyst, Joe Giamichael, said, "While the scrap industry is not an area investors tend to consider sexy or growth oriented, we believe that MEA offers investors a historically undervalued equity with identifiable near-term growth prospects. Our rating is predicated on historic valuation patterns, organic growth prospects and operating cash flows, which could be augmented by growth through potential accretive acquisitions or the ability to use financial engineering to generate incremental returns to equity investors."
For an analyst ratings summary and ratings history on Metalico click here. For more ratings news on Metalico click here.
Shares of Metalico closed at $3.98 yesterday.
Analyst, Joe Giamichael, said, "While the scrap industry is not an area investors tend to consider sexy or growth oriented, we believe that MEA offers investors a historically undervalued equity with identifiable near-term growth prospects. Our rating is predicated on historic valuation patterns, organic growth prospects and operating cash flows, which could be augmented by growth through potential accretive acquisitions or the ability to use financial engineering to generate incremental returns to equity investors."
For an analyst ratings summary and ratings history on Metalico click here. For more ratings news on Metalico click here.
Shares of Metalico closed at $3.98 yesterday.
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