FBR Captial Markets Upgraded Ladish Co., Inc. (NASDAQ: LDSH)
November 16, 2009 7:47 AM
FBR Captial Markets today upgraded Ladish Co., Inc. (NASDAQ: LDSH) from Market Perform to Outperform at a 12-month price target at $14. FBR Captial strongly feels that Ladish Co., Inc.FBR Captial Markets today upgraded Ladish Co., Inc. (NASDAQ: LDSH) from Market Perform to Outperform at a 12-month price target at $14. FBR Captial strongly feels that Ladish Co., Inc. at present is trading at a huge discount to its book-value.
FBR Captial Markets also thinks that the consensus estimates for LDSH are too high for the fourth quarter 2009. FBR Capital estimates revenues of $76.4 million and earnings of $0.05, while consensus estimates 4Q2009 revenue to be $89 million and EPS to be $0.08.
Shares of Ladish Co., Inc. (NASDAQ: LDSH) closed at $12.45 in the last trading session and the 52 week trading range for LDSH is $ 5.21 - $17.85. So far this year, LDSH declined by 10%.
