Jefferies Maintains a 'Buy' on DigitalGlobe (DGI); Cutting Numbers After Q4 Review
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Price: $34.40 --0%
Rating Summary:
2 Buy, 6 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
2 Buy, 6 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Jefferies maintains a 'Buy' on DigitalGlobe (NYSE: DGI) price target lowered from $30 to $24.
Analyst, Howard A. Rubel, said, "We continue to believe that the asset value of DGI is substantially greater than the current enterprise value of the company; fourth quarter results were within the range of our estimate, with revenues a bit better, but operating margins somewhat worse. Capital spending was a bit lower and the potential to generate free cash for 2012 seems quite realistic."
"We are reducing our 2012 and 2013 EPS to $0.45 and $0.80 from $0.65 and $1.00. Revenues estimates are modestly lower, dropping to $374 million from $380 million for 2012 and to $400 million from $430 million for 2013. EBITDA for 2012 is now estimated at $163 million vs. $187 million and is projected at $188 million down from $220 million for 2013."
For an analyst ratings summary and ratings history on DigitalGlobe click here. For more ratings news on DigitalGlobe click here.
Shares of DigitalGlobe closed at $15.38 yesterday.
Analyst, Howard A. Rubel, said, "We continue to believe that the asset value of DGI is substantially greater than the current enterprise value of the company; fourth quarter results were within the range of our estimate, with revenues a bit better, but operating margins somewhat worse. Capital spending was a bit lower and the potential to generate free cash for 2012 seems quite realistic."
"We are reducing our 2012 and 2013 EPS to $0.45 and $0.80 from $0.65 and $1.00. Revenues estimates are modestly lower, dropping to $374 million from $380 million for 2012 and to $400 million from $430 million for 2013. EBITDA for 2012 is now estimated at $163 million vs. $187 million and is projected at $188 million down from $220 million for 2013."
For an analyst ratings summary and ratings history on DigitalGlobe click here. For more ratings news on DigitalGlobe click here.
Shares of DigitalGlobe closed at $15.38 yesterday.
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