Auriga Reiterates a 'Buy' on CPI Aerostructures (CVU); Q4 Preview
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Price: $2.73 +2.25%
Rating Summary:
2 Buy, 1 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 14
Rating Summary:
2 Buy, 1 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 14
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Auriga reiterates a 'Buy' on CPI Aerostructures (NYSE: CVU) price target of $17.00.
Auriga analyst said, "We expect the company to finish the year on a strong note with EPS of $0.37 (on revs of $23.9 mln), which is up 53% sequentially. Looking forward, we believe much of the incrementally positive, new order news has been largely overlooked, and we view the shares favorably at current levels as we suspect the company is well positioned to deliver on our 57% 2012 EPS growth projection. Given CVU is trading at just 8.9x our FY12 EPS estimate of $1.64, we recommend investors build a position at these levels and reiterate our rating."
CVU reports Q4 earnings on Wed. March 7th, before the open.
For an analyst ratings summary and ratings history on CPI Aerostructures click here. For more ratings news on CPI Aerostructures click here.
Shares of CPI Aerostructures closed at $14.59 yesterday.
Auriga analyst said, "We expect the company to finish the year on a strong note with EPS of $0.37 (on revs of $23.9 mln), which is up 53% sequentially. Looking forward, we believe much of the incrementally positive, new order news has been largely overlooked, and we view the shares favorably at current levels as we suspect the company is well positioned to deliver on our 57% 2012 EPS growth projection. Given CVU is trading at just 8.9x our FY12 EPS estimate of $1.64, we recommend investors build a position at these levels and reiterate our rating."
CVU reports Q4 earnings on Wed. March 7th, before the open.
For an analyst ratings summary and ratings history on CPI Aerostructures click here. For more ratings news on CPI Aerostructures click here.
Shares of CPI Aerostructures closed at $14.59 yesterday.
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