Market Overview

UPDATE: DA Davidson Raises PT to $36 on Deluxe Corporation on Valuation and Organic Growth

Share:
Related DLX
10 Notable Stocks Trading Ex-Dividend Thursday, August 18
Earnings Scheduled For January 22, 2015

DA Davidson reiterated its Buy rating on Deluxe Corporation (NYSE: DLX) and raised its price target from $32 to $36.

DA Davidson commented, "DLX has a safe $1.00 dividend (3%+ yield), manageable debt, stable cash flows, and early signs of sustainable organic consolidated revenue growth. This stock should be trading higher. Given our improving confidence and estimate revisions, we are raising our price target from $32 to $36, which represents an unchanged EV/EBITDA multiple of 6.5x and a P/E multiple of 10x our 2013 estimates; nearly 20% appreciation."

Deluxe Corporation closed at $31.40 on Thursday.

Latest Ratings for DLX

DateFirmActionFromTo
Feb 2014Northland SecuritiesInitiates Coverage onMarket Perform
Jul 2013Feltl & Co.Initiates Coverage onBuy
Jan 2013DA DavidsonTerminatesBuy

View More Analyst Ratings for DLX
View the Latest Analyst Ratings

Posted-In: DA DavidsonAnalyst Color Price Target Intraday Update Analyst Ratings

 

Related Articles (DLX)

View Comments and Join the Discussion!