Canaccord Genuity Maintains a 'Hold' on Smart Balance (SMBL); Raising Estimates, But Waiting For More Development
Tweet
Share
E-mailGet Alerts SMBL Hot Sheet
Price: $13.65 -1.23%
Rating Summary:
5 Buy, 1 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 15 | New: 40
Rating Summary:
5 Buy, 1 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 15 | New: 40
Join SI Premium – FREE
Canaccord Genuity maintains a 'Hold' on Smart Balance (NASDAQ: SMBL) price target of $6.50.
Analyst, Scott Van Winkle, said, "We continue to believe that Smart Balance has a favorable financial model and platform for growth in the healthier foods arena. HOLD rating maintained until new strategy develops...Raising 2012E EPS to $0.24 from $0.23, while slightly lowering revenue forecast to $329M. 2013E EPS unchanged at $0.31, as revenue fine-tuned to $349M."
For an analyst ratings summary and ratings history on Smart Balance click here. For more ratings news on Smart Balance click here.
Shares of Smart Balance closed at $5.60 yesterday.
Analyst, Scott Van Winkle, said, "We continue to believe that Smart Balance has a favorable financial model and platform for growth in the healthier foods arena. HOLD rating maintained until new strategy develops...Raising 2012E EPS to $0.24 from $0.23, while slightly lowering revenue forecast to $329M. 2013E EPS unchanged at $0.31, as revenue fine-tuned to $349M."
For an analyst ratings summary and ratings history on Smart Balance click here. For more ratings news on Smart Balance click here.
Shares of Smart Balance closed at $5.60 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Nutanix (NTNX) PT Raised to $80 at Oppenheimer Into EPS
- Deutsche Bank Starts Ardagh Metal Packaging S.A. (AMBP) at Hold
- NetEase.com (NTES) PT Lowered to $143 at Macquarie
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS ViewSign 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!
