Dougherty & Co Upgrades Astronics (ATRO) to Buy; Strong Leverage Inherent In The Model
Get Alerts ATRO Hot Sheet
Price: $19.04 +0.63%
Rating Summary:
6 Buy, 3 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
Rating Summary:
6 Buy, 3 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
Join SI Premium – FREE
Dougherty & Co upgraded Astronics (NASDAQ: ATRO) to Buy with a price target of $41.00.
Analyst, Richard A. Ryan, said, "At current levels, ATRO is trading roughly in line with peers at 7x -8x 2013 EBITDA, 13x – 14x 2013 EPS and 1.5x 2013 EV/Sales. The macro environment across ATRO’s end markets remains attractive and the sector is likely to maintain positive momentum going into the summer air shows. From a company-specific standpoint, we believe ATRO’s execution should remain strong as new airframe platforms start to contribute to results."
Adjusting numbers: 2012 sales of $257.6M and EPS of $1.84 from sales of $244.2M and EPS of $1.84...2013 sales of $283.6M and EPS of $2.20 from sales of $2694M and EPS of $2.15.
For an analyst ratings summary and ratings history on Astronics click here. For more ratings news on Astronics click here.
Shares of Astronics closed at $32.62 yesterday.
Analyst, Richard A. Ryan, said, "At current levels, ATRO is trading roughly in line with peers at 7x -8x 2013 EBITDA, 13x – 14x 2013 EPS and 1.5x 2013 EV/Sales. The macro environment across ATRO’s end markets remains attractive and the sector is likely to maintain positive momentum going into the summer air shows. From a company-specific standpoint, we believe ATRO’s execution should remain strong as new airframe platforms start to contribute to results."
Adjusting numbers: 2012 sales of $257.6M and EPS of $1.84 from sales of $244.2M and EPS of $1.84...2013 sales of $283.6M and EPS of $2.20 from sales of $2694M and EPS of $2.15.
For an analyst ratings summary and ratings history on Astronics click here. For more ratings news on Astronics click here.
Shares of Astronics closed at $32.62 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Estée Lauder (EL) climbs as BofA upgrades to Buy on profit recovery expectations
- Safran SA (SAF:FP) (SAFRY) PT Raised to EUR211 at Citi, 'remain positive on the aftermarket'
- Teleperformance (TEP:FP) (TLPFY) PT Lowered to EUR125 at RBC Capital, 'perceived risk profile makes it a no-fly zone for many investors'
Create E-mail Alert Related Categories
Analyst EPS Change, Analyst EPS View, Analyst PT Change, UpgradesSign 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!