Canaccord Genuity Maintains a 'Hold' on Fuel Systems Solutions (FSYS); Q4 Preview
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Price: $5.40 --0%
Rating Summary:
3 Buy, 5 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
3 Buy, 5 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Canaccord Genuity maintains a 'Hold' on Fuel Systems Solutions (NASDAQ: FSYS) price target raised to $26.00.
Analyst, John Quealy, said, "FSYS remains very well positioned to benefit from the growing adoption of nat gas vehicles, while a new GM platform win in the US and progress in developing markets keeps growth prospects solid. That said, increased investments ahead of the US ramp and a tougher European auto macro (ex stimulus) keep our expectations in check."
"Q4 results are expected before the open on March 8 (call at 11am ET). We model revs/”cash” EPS at $98.0M/ $0.10 (vs. Street at $95.6M/$0.11), with GMs +260bps y/y to 24.5%."
For an analyst ratings summary and ratings history on Fuel Systems Solutions click here. For more ratings news on Fuel Systems Solutions click here.
Shares of Fuel Systems Solutions closed at $26.12 yesterday.
Analyst, John Quealy, said, "FSYS remains very well positioned to benefit from the growing adoption of nat gas vehicles, while a new GM platform win in the US and progress in developing markets keeps growth prospects solid. That said, increased investments ahead of the US ramp and a tougher European auto macro (ex stimulus) keep our expectations in check."
"Q4 results are expected before the open on March 8 (call at 11am ET). We model revs/”cash” EPS at $98.0M/ $0.10 (vs. Street at $95.6M/$0.11), with GMs +260bps y/y to 24.5%."
For an analyst ratings summary and ratings history on Fuel Systems Solutions click here. For more ratings news on Fuel Systems Solutions click here.
Shares of Fuel Systems Solutions closed at $26.12 yesterday.
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