Auriga reiterates a 'Buy' on Astronics (ATRO); Q1 Preview: Expect Beat
Tweet
Share
E-mailGet Alerts ATRO Hot Sheet
Price: $78.00 +2.55%
Rating Summary:
9 Buy, 2 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
9 Buy, 2 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Join SI Premium – FREE
Auriga reiterates a 'Buy' on Astronics (NASDAQ: ATRO) price target of $38.00.
Analyst, Mike Callahan, said, "We suspect the company will handily achieve our EPS target of $0.47, which is at the Street high and $0.03 ahead of consensus. We expect strong revenue trends seen in 4Q11 to build into 2012, and look for 12% consolidated revenue growth to $61.7 million. Looking forward, we believe we are in the early innings of the Astronics growth story, particularly given our expectation for higher OEM build rates to drive growth of Cabin Electronics products over the next few years. As such, we continue to recommend investors build a position in ATRO."
For an analyst ratings summary and ratings history on Astronics click here. For more ratings news on Astronics click here.
Shares of Astronics closed at $32.54 yesterday.
Analyst, Mike Callahan, said, "We suspect the company will handily achieve our EPS target of $0.47, which is at the Street high and $0.03 ahead of consensus. We expect strong revenue trends seen in 4Q11 to build into 2012, and look for 12% consolidated revenue growth to $61.7 million. Looking forward, we believe we are in the early innings of the Astronics growth story, particularly given our expectation for higher OEM build rates to drive growth of Cabin Electronics products over the next few years. As such, we continue to recommend investors build a position in ATRO."
For an analyst ratings summary and ratings history on Astronics click here. For more ratings news on Astronics click here.
Shares of Astronics closed at $32.54 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Advance Auto Parts (AAP) PT Lowered to $48 at DA Davidson Following 25% Selloff Post Q2 Results
- Deere (DE) PT Raised to $585 at JPMorgan
- Walmart (WMT) PT Lowered to $125 at JPMorgan, Overweight Rating Maintained as 'Short Case Feels Greedy'
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS ViewRelated Entities
AurigaSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
