Market Overview

UPDATE: Imperial Capital Upgrades EnergySolutions at Buy on Free Cash Flow Yield

Related ES
Technical Update: S&P May Have A Bit More Upside Left Before Healthy Sell-Off Starts
Technical Update: S&P Futures Support And Resistance

Imperial Capital raised its rating on EnergySolutions (NYSE: ES) with an Outperform rating and a $4.75 price target.

Imperial Capital said, "Based on our 2013E EBITDA estimate of $160mn, ES shares trade at a roughly 19% discount to the median valuation of solid and specialty waste disposal peers (see Figures 12 and 13) and a slight 4% premium to median valuation to engineering and construction peers (see Figure 14). Given the company derives more than 50% of its EBITDA from its high-margin (~35%) LP&D business, which is focused on processing and disposal of radioactive waste, we think the shares should trade more consistent with solid/specialty waste peers and believe shares are cheap from this vantage."

EnergySolutions closed at $3.21 on Wednesday.

Latest Ratings for ES

DateFirmActionFromTo
Feb 2013Imperial CapitalDowngradesOutperformIn-line
Jan 2013FBR CapitalDowngradesOutperformMarket Perform
Dec 2012WedbushMaintainsNeutral

View More Analyst Ratings for ES
View the Latest Analyst Ratings

Posted-In: imperial capitalAnalyst Color Upgrades Intraday Update Analyst Ratings

 

Related Articles (ES)

Around the Web, We're Loving...

Get Benzinga's Newsletters