Loading...
Loading...
Dahlman Rose initiated coverage on Geospace Technologies
GEOS with a Buy rating and a $85 price target.
Dahlman Rose commented, "We are initiating coverage of GEOS with a Buy rating and an $85 price target. Given GEOS' first-mover advantage, consistent success, and leading market share of wireless channels, we are applying a 17x P/E multiple on our 2013 calendar earnings estimate. We forecast EBITDA and EPS of $69 million and $3.16 in FY2012 and $107MM and $5.00 in FY2013."
Geospace Technologies closed at $74.72 on Monday.
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
We simplify the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in