Market Overview

Jefferies Reiterates Buy Rating on Susser Holdings (SUSS)

Share:

Jefferies & Company is out with a research report this morning, where it reiterates its Buy rating on Susser Holdings (NASDAQ: SUSS); it has a $14.00 price target on the stock.

The Jefferies analysts cited the company’s recent earnings report, which was better than expectations due to better gas margins, improvement in West Texas, accelerating benefits from its remodels, and the company’s cost controls. The analysts expect the company to continue its outperformance.

As for valuation, the Jefferies analysts remarked, “Our PT of $14 is ~6x our FY11 EBITDA estimate, in line with peers. This is slightly below our conservative DCF value of $17. Our PT also represents ~19x our FY11 EPS. Given the volatility in the fuel business, particularly on a quarterly basis, we rely more heavily on our annual EBITDA estimates and DCF.”

Posted-In: Jefferies & CoAnalyst Color Price Target Analyst Ratings

 

Related Articles (SUSS)

View Comments and Join the Discussion!

Latest Ratings

StockFirmActionPT
ARIJP MorganDowngrades18.5
AINBairdDowngrades80.0
AAOIJP MorganDowngrades11.0
DISCAImperial CapitalUpgrades34.0
PTONBank of AmericaInitiates Coverage On29.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Trading Daily
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com

Jobless Claims Drive 30 Year to Top of June-July Bull Channel

Morgan Keegan Reiterates Outperform on Health Care REIT (HCN)