Canaccord Genuity Maintains a 'Hold; on Smart Balance (SMBL); Favotable Financial Model
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: 15 | Down: 8 | New: 36
Rating Summary:
5 Buy, 1 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 15 | Down: 8 | New: 36
Join SI Premium – FREE
Canaccord Genuity maintains a 'Hold; on Smart Balance (NASDAQ: SMBL) price target of $8.50.
Canaccord analyst, Scott Van Winkle, said, "We continue to believe that Smart Balance has a favorable financial model and enjoys a strong platform for growth in the healthier foods arena, but maintain our HOLD rating as the company invests in its Glutino division while the spreads market share appears mature."
"SMBL trades at 9.5x 2012E EBITDA, which appears appropriate relative to peers. Our $5.50 target implies 10x our F2012 EBITDA estimate."
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 $5.21 yesterday.
Canaccord analyst, Scott Van Winkle, said, "We continue to believe that Smart Balance has a favorable financial model and enjoys a strong platform for growth in the healthier foods arena, but maintain our HOLD rating as the company invests in its Glutino division while the spreads market share appears mature."
"SMBL trades at 9.5x 2012E EBITDA, which appears appropriate relative to peers. Our $5.50 target implies 10x our F2012 EBITDA estimate."
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 $5.21 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- CFRA Upgrades Infosys Technologies (INFY) to Buy
- CFRA Upgrades Alstom SA (ALO:FP) (ALSMY) to Hold
- Oppenheimer Reiterates Outperform Rating on Intuit (INTU)
Create E-mail Alert Related Categories
Analyst CommentsSign 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!
