Jefferies Maintains a 'Hold' on Quality Distribution (QLTY); Q4 Review - Poised for Growth in 2012
Tweet
Share
E-mailGet Alerts QLTY Hot Sheet
Price: $42.96 +0.51%
Rating Summary:
2 Buy, 5 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
2 Buy, 5 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Join SI Premium – FREE
Jefferies maintains a 'Hold' on Quality Distribution (NASDAQ: QLTY) price target raised from $11 to $14.
Analyst, Peter Nesvold, said, "4Q Margin improvement and growth opportunity in energy underscore a meaningful longer-term opportunity for QLTY...We remain neutral on QLTY for sentiment, liquidity and valuation issues. Sentiment remains very bullish, with 8 Buys, 3 Holds, and 1 Sell (per Bloomberg), while the shares trade less than $2 million in value a day. We continue to find it hard to recommend the stock
to institutional money right now. Turnarounds are rarely linear and our sense is that we'll get a more attractive entry point at some point."
Jefferies cuts FY12 EPS estimate from $1.01 to $0.93 and FY13 from $1.29 to $1.14.
For an analyst ratings summary and ratings history on Quality Distribution click here. For more ratings news on Quality Distribution click here.
Shares of Quality Distribution closed at $13.01 yesterday.
Analyst, Peter Nesvold, said, "4Q Margin improvement and growth opportunity in energy underscore a meaningful longer-term opportunity for QLTY...We remain neutral on QLTY for sentiment, liquidity and valuation issues. Sentiment remains very bullish, with 8 Buys, 3 Holds, and 1 Sell (per Bloomberg), while the shares trade less than $2 million in value a day. We continue to find it hard to recommend the stock
to institutional money right now. Turnarounds are rarely linear and our sense is that we'll get a more attractive entry point at some point."
Jefferies cuts FY12 EPS estimate from $1.01 to $0.93 and FY13 from $1.29 to $1.14.
For an analyst ratings summary and ratings history on Quality Distribution click here. For more ratings news on Quality Distribution click here.
Shares of Quality Distribution closed at $13.01 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Cummins (CMI) PT Lowered to $675 at Jefferies
- Rockwell Automation (ROK) PT Lowered to $490 at DA Davidson
- Stella International Holdings (1836:HK) (SLNLF) PT Lowered to HK$10 at Macquarie
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT ChangeRelated Entities
Jefferies & CoSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
