Auriga Reiterates a 'Buy' on CPI Aerostructures (CVU); Raising PT After Strong Qtr
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Price: $5.86 +3.53%
Rating Summary:
2 Buy, 1 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
2 Buy, 1 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Auriga reiterates a 'Buy' on CPI Aerostructures (NYSE: CVU) price target raised from $17 to $20.
Auriga analyst said, "CPI Aerostructures reported an in-line quarter with EPS of $0.37, which was up 78% against adjusted 4Q10 results of $0.21. Upside in the quarter mostly stemmed from a 72% revenue increase (against adjusted FY11 revenue of $13.9 million), and improved operating margin. Looking forward, trends appear to be meeting lofty expectations as well, as management reiterated 2012 guidance and announced YTD contract awards up 26% year-over-year."
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 $14.78 yesterday.
Auriga analyst said, "CPI Aerostructures reported an in-line quarter with EPS of $0.37, which was up 78% against adjusted 4Q10 results of $0.21. Upside in the quarter mostly stemmed from a 72% revenue increase (against adjusted FY11 revenue of $13.9 million), and improved operating margin. Looking forward, trends appear to be meeting lofty expectations as well, as management reiterated 2012 guidance and announced YTD contract awards up 26% year-over-year."
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 $14.78 yesterday.
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