Jefferies Adjusts Numbers on Donaldson (DCI) After Stock Split
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Price: $90.40 -0.78%
Rating Summary:
4 Buy, 7 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 15 | Down: 12 | New: 12
Rating Summary:
4 Buy, 7 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 15 | Down: 12 | New: 12
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Jefferies adjusted estimate and its price target on Donaldson Company (NYSE: DCI) following the 2-for-1 stock split.
The firm comments, "We are adjusting our estimates to reflect Donaldson's 2:1 split. Our new estimates are $1.70 for 2012E, up 18%, $1.85 for 2013E, up 8%, and $2.05 for 2014E, up 11%. We reiterate our Buy rating. Our new 12-month price target is $43, 22x calendar 2013E EPS."
For an analyst ratings summary and ratings history on Donaldson Company click here. For more ratings news on Donaldson Company click here.
Shares of Donaldson Company closed at $70.24 yesterday.
The firm comments, "We are adjusting our estimates to reflect Donaldson's 2:1 split. Our new estimates are $1.70 for 2012E, up 18%, $1.85 for 2013E, up 8%, and $2.05 for 2014E, up 11%. We reiterate our Buy rating. Our new 12-month price target is $43, 22x calendar 2013E EPS."
For an analyst ratings summary and ratings history on Donaldson Company click here. For more ratings news on Donaldson Company click here.
Shares of Donaldson Company closed at $70.24 yesterday.
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