Dougherty & Co Upgrades RealD to Buy; After a Couple of Rough Quarters, RLD is Now Positioned for Success
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Price: $11.00 --0%
Rating Summary:
7 Buy, 4 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
7 Buy, 4 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Dougherty & Co upgraded RealD (NYSE: RLD) from Neutral to Buy, price target raised from $12 to $16.
Analyst, Steve Frankel, said, "On a year-to-date basis, the overall domestic box office is 18% ahead of last year’s anemic first quarter and with Hunger Games and Wrath of the Titans still to come, the first quarter should end with a bang. For its part, through the first two months of the quarter, RealD has posted $340M ($183M domestic and $157M international) in box office, putting the company in position to meet or exceed our March quarter estimates."
"We are raising our JuQ estimate from $55.2M/$0.07 with $24.7M in Adjusted EBITDA to $61M/$0.08 with $25.8M in Adjusted EBITDA. Our Mr13 estimate is now $232.8M/$0.30 with $105.7M in Adjusted EBITDA. Our previous estimate was $227.0M/$0.25 with $101.5M in Adjusted EBITDA."
For an analyst ratings summary and ratings history on RealD click here. For more ratings news on RealD click here.
Shares of RealD closed at $11.81 yesterday.
Analyst, Steve Frankel, said, "On a year-to-date basis, the overall domestic box office is 18% ahead of last year’s anemic first quarter and with Hunger Games and Wrath of the Titans still to come, the first quarter should end with a bang. For its part, through the first two months of the quarter, RealD has posted $340M ($183M domestic and $157M international) in box office, putting the company in position to meet or exceed our March quarter estimates."
"We are raising our JuQ estimate from $55.2M/$0.07 with $24.7M in Adjusted EBITDA to $61M/$0.08 with $25.8M in Adjusted EBITDA. Our Mr13 estimate is now $232.8M/$0.30 with $105.7M in Adjusted EBITDA. Our previous estimate was $227.0M/$0.25 with $101.5M in Adjusted EBITDA."
For an analyst ratings summary and ratings history on RealD click here. For more ratings news on RealD click here.
Shares of RealD closed at $11.81 yesterday.
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