UBS Raises PT and Estimates The Shaw Group (SHAW); In-line Results with Strength in Plant Services & Fab
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Price: $47.61 --0%
Rating Summary:
4 Buy, 5 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
4 Buy, 5 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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UBS maintains a 'Buy' on The Shaw Group (NYSE: SHAW) price target raised from $34 to $37.
Analyst, Steven Fisher, said, "Q2 EPS of $0.46 was in line with the Street despite an $0.08 headwind related to SCANA nuclear work and a $0.16 charge on two coal projects nearing completion...Shaw maintained FY12 guidance despite the $0.24 of Power headwinds, as other businesses were running ahead of expectations...While the coal charges were disappointing, the rest of the business is running well, and guidance was unchanged (we expected a reduction)." (UBS raises FY13 EPS estimate from $2.55 to $2.60)
For an analyst ratings summary and ratings history on The Shaw Group click here. For more ratings news on The Shaw Group click here.
Shares of The Shaw Group closed at $32.03 yesterday.
Analyst, Steven Fisher, said, "Q2 EPS of $0.46 was in line with the Street despite an $0.08 headwind related to SCANA nuclear work and a $0.16 charge on two coal projects nearing completion...Shaw maintained FY12 guidance despite the $0.24 of Power headwinds, as other businesses were running ahead of expectations...While the coal charges were disappointing, the rest of the business is running well, and guidance was unchanged (we expected a reduction)." (UBS raises FY13 EPS estimate from $2.55 to $2.60)
For an analyst ratings summary and ratings history on The Shaw Group click here. For more ratings news on The Shaw Group click here.
Shares of The Shaw Group closed at $32.03 yesterday.
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