Market Overview

UPDATE: BMO Capital Raises PT on Brady Corp. after Adjusted Estimates

Share:
Related BRC
Stocks Hitting 52-Week Highs
Earnings Scheduled For May 19, 2016

In a report published Monday, BMO Capital Markets reiterated its Market Perform rating on Brady Corp. (NYSE: BRC), and slightly raised its price target from $34.00 to $35.00.

BMO Capital Markets noted, “We are adjusting our estimates to reflect Brady's latest results...Our FY2013, FY2014, and FY2015 EPS estimates decrease to $2.20, $2.55, and $2.72 from $2.31, $2.63, and $2.88, respectively. We are adjusting our price target to $35 from $34. On an EV/EBITDA basis, BRC shares trade at 8.2x our CY2013 EBITDA estimate of $249 million and at 7.7x our CY2014 EBITDA estimate of $266 million; we assume BRC can trade at a multiple of 8.5x our estimated CY2013 EBITDA and at a multiple of 8.0x our estimated CY2014 EBITDA.”

Brady Corp. closed on Friday at $33.98.

Latest Ratings for BRC

DateFirmActionFromTo
Nov 2015SunTrust Robinson HumphreyInitiates Coverage onReduce
Sep 2015Bank of AmericaDowngradesNeutralUnderperform
Sep 2014Wells FargoDowngradesOutperformMarket Perform

View More Analyst Ratings for BRC
View the Latest Analyst Ratings

Posted-In: BMO Capital MarketsAnalyst Color Price Target Analyst Ratings

 

Related Articles (BRC)

View Comments and Join the Discussion!