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BTIG Starts FactSet Research Systems (FDS) at Sell; Not Immune to Financial Industry Woes

February 6, 2012 8:38 AM EST
Get Alerts FDS Hot Sheet
Price: $454.39 +1.57%

Rating Summary:
    4 Buy, 20 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 0 | Down: 0 | New: 0
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BTIG initiates coverage on FactSet Research Systems (NYSE: FDS) with a Sell. PT $75.00.

BTIG analyst says, "We are initiating coverage of FDS with a SELL rating as we believe the company is unlikely to fully avoid the impact of turmoil within its customer base as well as heightened competition from its peers. Our price target is based on 18x our 2013 earnings per share estimate of $4.16, which is 13% below consensus. If FDS’s earnings begin to flatten out, we believe it could see downward estimate revisions, multiple contraction and a decline in the stock price. While we have seen few signs of such flattening in the company’s results thus far, the lag created by its subscription-based model may have temporarily obscured the impact of financial services industry woes."

For an analyst ratings summary and ratings history on FactSet Research Systems click here. For more ratings news on FactSet Research Systems click here.

Shares of FactSet Research Systems closed at $91.04 yesterday.


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