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Citigroup Reiterates Neutral Rating, $45.50 PT on The Shaw Group

Related SHAW
UPDATE: J.P. Morgan Reiterates Neutral Rating, Raises PT on The Shaw Group
Stocks Hitting 52-Week Highs

In a report published Monday, Citigroup reiterated its Neutral rating and $45.50 price target on The Shaw Group (NYSE: SHAW).

Citigroup noted, “Reported 1Q13 EPS (i.e. ex Westinghouse) of $0.44, which is in-line with our estimates and above consensus of $0.37. Revenues of $1.37 billion were higher than our expectation of $1.21 billion. The Power segment reported a gross margin of 6.5%, which was due to lower volumes resulting from the completion of several projects. Notably, the F&M segment reported a margin of 17.8%, which beat our estimate of 15.5% due to higher than expected volumes (i.e. nuclear ramp up and Middle East activity).”

The Shaw Group closed on Friday at $46.55.

Latest Ratings for SHAW

DateFirmActionFromTo
Dec 2012DA DavidsonMaintainsNeutral
Dec 2012JP MorganMaintainsNeutral
Oct 2012CitigroupMaintainsNeutral

View More Analyst Ratings for SHAW
View the Latest Analyst Ratings

Posted-In: CitigroupAnalyst Color Reiteration Analyst Ratings

 

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