Canaccord Genuity Maintains a 'Buy' on Elster Group SE (ELT); Getting Lean for 2013
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Price: $20.54 --0%
Rating Summary:
7 Buy, 8 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 9
Rating Summary:
7 Buy, 8 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 9
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Canaccord Genuity maintains a 'Buy' on Elster Group SE (NYSE: ELT) price target of $19.00.
Analyst, John Quealy, said, "2012 remains very much a transition year, but we look ahead to the significant growth opportunity in ’13+, as we like management’s approach. While share volatility likely remains here as the Street digests the investment plan and the variable macro environment in Europe, the medium- to long-term risk/reward stays compelling."
"Our estimates adjust slightly to account for reported results and restructuring actions. 2012E revs/adjusted EPS go to $1.92B/ $1.10 (from $1.95B/$1.20). We introduce 2013E at $2.01B/$1.35. We note that our estimates do include any major contract wins (i.e., Europe)."
For an analyst ratings summary and ratings history on Elster Group SE click here. For more ratings news on Elster Group SE click here.
Shares of Elster Group SE closed at $14.52 yesterday.
Analyst, John Quealy, said, "2012 remains very much a transition year, but we look ahead to the significant growth opportunity in ’13+, as we like management’s approach. While share volatility likely remains here as the Street digests the investment plan and the variable macro environment in Europe, the medium- to long-term risk/reward stays compelling."
"Our estimates adjust slightly to account for reported results and restructuring actions. 2012E revs/adjusted EPS go to $1.92B/ $1.10 (from $1.95B/$1.20). We introduce 2013E at $2.01B/$1.35. We note that our estimates do include any major contract wins (i.e., Europe)."
For an analyst ratings summary and ratings history on Elster Group SE click here. For more ratings news on Elster Group SE click here.
Shares of Elster Group SE closed at $14.52 yesterday.
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