KeyBanc Raises Numbers on Worthington Industries (WOR) After Q3 Results; Expect Continued Outperformance
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Price: $56.59 +0.35%
Rating Summary:
3 Buy, 6 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
3 Buy, 6 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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KeyBanc maintains a 'Buy' on Worthington Industries (NYSE: WOR) price target raised from $21 to $23.
Analyst, Mark L. Parr, said, "Following Worthington's 3Q12 (February) results, we remain confident in the Company's long-term transformation efforts to enhance shareholder value via reduced earnings volatility, increased free cash flow, and enhanced strategic asset portfolio management."
"We are increasing our FY13 EPS estimate to $2.15 (from $2.00) vs. the Street's
$1.97 due to a solid pick-up in expected joint venture income."
Parr thinks WOR shares should outperform metal&mining and highlights 3 points including: 1) rejuvenated focus on shareholders; 2) diversifying profit streams; and strategic portfolio asset mgmt.
For an analyst ratings summary and ratings history on Worthington Industries click here. For more ratings news on Worthington Industries click here.
Shares of Worthington Industries closed at $18.81 yesterday.
Analyst, Mark L. Parr, said, "Following Worthington's 3Q12 (February) results, we remain confident in the Company's long-term transformation efforts to enhance shareholder value via reduced earnings volatility, increased free cash flow, and enhanced strategic asset portfolio management."
"We are increasing our FY13 EPS estimate to $2.15 (from $2.00) vs. the Street's
$1.97 due to a solid pick-up in expected joint venture income."
Parr thinks WOR shares should outperform metal&mining and highlights 3 points including: 1) rejuvenated focus on shareholders; 2) diversifying profit streams; and strategic portfolio asset mgmt.
For an analyst ratings summary and ratings history on Worthington Industries click here. For more ratings news on Worthington Industries click here.
Shares of Worthington Industries closed at $18.81 yesterday.
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