Auriga Cuts Estimates on Ducommun Inc (DCO) Following Tough Qtr; Underlying Business Showing Spark
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Price: $204.01 -0.59%
Rating Summary:
9 Buy, 3 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 7 | Down: 13 | New: 26
Rating Summary:
9 Buy, 3 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 7 | Down: 13 | New: 26
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Auriga reiterates a 'Buy' on Ducommun Incorporated (NYSE: DCO) price target of $18.00.
Auriga analyst says, "Ducommun fourth-quarter results came in well below expectations, with the company missing on EPS, primarily on tighter margins and modestly lower-than-expected revenue. Although we were disappointed with the quarter, and recognize Street expectations going forward were much too optimistic, we continue to believe the long-term value of the company's business units come at a substantial discount as a result of short-term volatility. Most notably, we continue to target the commencement of debt reduction payments by the end of 2012, which we view as a primary catalyst going forward. As such, we reiterate our rating and price target, which reflects a 9x multiple of our 2013 estimate of $2.00."
For an analyst ratings summary and ratings history on Ducommun Incorporated click here. For more ratings news on Ducommun Incorporated click here.
Shares of Ducommun Incorporated closed at $13.95 yesterday.
Auriga analyst says, "Ducommun fourth-quarter results came in well below expectations, with the company missing on EPS, primarily on tighter margins and modestly lower-than-expected revenue. Although we were disappointed with the quarter, and recognize Street expectations going forward were much too optimistic, we continue to believe the long-term value of the company's business units come at a substantial discount as a result of short-term volatility. Most notably, we continue to target the commencement of debt reduction payments by the end of 2012, which we view as a primary catalyst going forward. As such, we reiterate our rating and price target, which reflects a 9x multiple of our 2013 estimate of $2.00."
For an analyst ratings summary and ratings history on Ducommun Incorporated click here. For more ratings news on Ducommun Incorporated click here.
Shares of Ducommun Incorporated closed at $13.95 yesterday.
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