UPDATE: Stifel Nicolaus Raises PT to $6 on Pacer International on Earnings Beat
Stifel Nicolaus maintained Pacer International (NASDAQ: PACR) with a Buy rating and raised the price target from $5.00 to $6.00.
Stifel Nicolaus noted, "Pacer International reported 4Q12 EPS of $0.06, up from $0.03 in the year-ago period. Excluding the effect of the 4Q12 realignment expense of $0.02 per share, earnings per share was $0.08 in 4Q12. Our 4Q12 EPS estimate had been $0.05 and the Street consensus was also $0.05 prior to the company's 4Q12 earnings release. The 9 analysts with published 4Q12 EPS estimates that were included in the Street average carried a range from a low of $0.04 to a high of $0.07. … . Our 2013 EPS estimate stands at the low end of the company's 2013 guidance range of $0.25-$0.35."
Pacer International closed at $4.49 on Thursday.
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