Auriga Reiterates a 'Buy' on Quiksilver (ZQK); Expect Solid Q1 and 2H Growth
Tweet
Share
E-mailGet Alerts ZQK Hot Sheet
Price: $0.46 --0%
Rating Summary:
1 Buy, 10 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
1 Buy, 10 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Join SI Premium – FREE
Auriga reiterates a 'Buy' on Quiksilver (NYSE: ZQK) price target raised $1 to $6.
Auriga analyst said, "We are maintaining our revenue and EBITDA assumption for ZQK's fiscal Q1 (Jan). We believe ZQK benefitted from a solid product assortment and success in Europe despite macroeconomic weakness. We expect double digit revenue and EBITDA growth to resume during 2H as a back to school strategy for DC and a year round approach to selling should disproportionately benefit FQ3-FQ4. We are raising our PT to assume a conservative 6.1x 2013 EV/EBITDA multiple. Currently, competitor BBG-AU is fighting to stay a public company with a third party offer to acquire the company for approximately 7.2x 2013 EV/EBITDA."
For an analyst ratings summary and ratings history on Quiksilver click here. For more ratings news on Quiksilver click here.
Shares of Quiksilver closed at $4.55 yesterday.
Auriga analyst said, "We are maintaining our revenue and EBITDA assumption for ZQK's fiscal Q1 (Jan). We believe ZQK benefitted from a solid product assortment and success in Europe despite macroeconomic weakness. We expect double digit revenue and EBITDA growth to resume during 2H as a back to school strategy for DC and a year round approach to selling should disproportionately benefit FQ3-FQ4. We are raising our PT to assume a conservative 6.1x 2013 EV/EBITDA multiple. Currently, competitor BBG-AU is fighting to stay a public company with a third party offer to acquire the company for approximately 7.2x 2013 EV/EBITDA."
For an analyst ratings summary and ratings history on Quiksilver click here. For more ratings news on Quiksilver click here.
Shares of Quiksilver closed at $4.55 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Viking Holdings (VIK) PT Raised to $82 at Mizuho
- Walmart (WMT) PT Lowered to $125 at JPMorgan, Overweight Rating Maintained as 'Short Case Feels Greedy'
- DA Davidson Reiterates Buy Rating on Box, Inc. (BOX) on Secular Tailwinds for Demand
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS View, Analyst PT ChangeRelated Entities
AurigaSign 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!
