KeyBanc Reiterates a 'Buy' on Robbins & Myers (RBN); Raising Numbers on Strong Q2
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Price: $59.99 --0%
Rating Summary:
1 Buy, 7 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 5 | Down: 4 | New: 11
Rating Summary:
1 Buy, 7 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 5 | Down: 4 | New: 11
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KeyBanc reiterates a 'Buy' on Robbins & Myers (NYSE: RBN) price target raised from $56 to $58.
KeyBanc analyst said, "Following our review and analysis of RBN's quarterly results, we believe a solid EPS beat and guidance raise suggest the Company is facing few disruptions from depressed natural gas prices and the subsequent dislocation taking place in the marketplace. Equally as important, we were encouraged by solid organic bookings within Energy, up solidly both year-over-year (+55%) and sequentially (+5%)."
KeyBanc raises FY12E to $3.50 (from $3.18), including a fiscal 3Q12 EPS estimate of $0.87 (from $0.83); Raising FY13E to $3.80 (from $3.55).
For an analyst ratings summary and ratings history on Robbins & Myers click here. For more ratings news on Robbins & Myers click here.
Shares of Robbins & Myers closed at $45.83 yesterday.
KeyBanc analyst said, "Following our review and analysis of RBN's quarterly results, we believe a solid EPS beat and guidance raise suggest the Company is facing few disruptions from depressed natural gas prices and the subsequent dislocation taking place in the marketplace. Equally as important, we were encouraged by solid organic bookings within Energy, up solidly both year-over-year (+55%) and sequentially (+5%)."
KeyBanc raises FY12E to $3.50 (from $3.18), including a fiscal 3Q12 EPS estimate of $0.87 (from $0.83); Raising FY13E to $3.80 (from $3.55).
For an analyst ratings summary and ratings history on Robbins & Myers click here. For more ratings news on Robbins & Myers click here.
Shares of Robbins & Myers closed at $45.83 yesterday.
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