Auriga Reiterates a 'Buy' on Dole (DOLE); Solid Q4, But Slightly Reducing Outward Estimates
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Price: $13.30 -0.45%
Rating Summary:
4 Buy, 3 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
4 Buy, 3 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Auriga reiterates a 'Buy' on Dole (NYSE: DOLE) price target of $14.00.
Auriga analyst said, "Dole Foods reported improving results for its 4Q11 and FY11, including higher EBITDA and EPS. Dole improved across all its areas, and continues to exhibit high growth rates in its Asian markets. Markets are improving in 2012 but higher Latin American costs are likely to restrain 1Q12 earnings compared to last year's tough 1Q comps. Nevertheless, better pricing conditions should set the stage for improving results in the later quarters. Consequently, we've reduced our EPS estimate for 1Q12 to $0.44 from $0.46 and our FY12 EPS to $1.42 from $1.49. Despite some near-term headwinds, we consider Dole Food to be well-positioned to capitalize on stabilizing product markets."
For an analyst ratings summary and ratings history on Dole click here. For more ratings news on Dole click here.
Shares of Dole closed at $9.97 yesterday.
Auriga analyst said, "Dole Foods reported improving results for its 4Q11 and FY11, including higher EBITDA and EPS. Dole improved across all its areas, and continues to exhibit high growth rates in its Asian markets. Markets are improving in 2012 but higher Latin American costs are likely to restrain 1Q12 earnings compared to last year's tough 1Q comps. Nevertheless, better pricing conditions should set the stage for improving results in the later quarters. Consequently, we've reduced our EPS estimate for 1Q12 to $0.44 from $0.46 and our FY12 EPS to $1.42 from $1.49. Despite some near-term headwinds, we consider Dole Food to be well-positioned to capitalize on stabilizing product markets."
For an analyst ratings summary and ratings history on Dole click here. For more ratings news on Dole click here.
Shares of Dole closed at $9.97 yesterday.
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