Market Overview

UPDATE: Dahlman Rose Downgrades Ensco International to Hold on Valuation

Share:
Related ESV
Jim Cramer Weighs In On Adobe, Blackberry, Energizer, Weight Watchers And More
Watch These 5 Huge Call Purchases Tuesday

In a report published Monday, Dahlman Rose downgraded its rating on Ensco International (NYSE: ESV) from Buy to Hold.

Dahlman Rose noted, “We are downgrading Ensco to Hold from Buy. Our fair value estimate of $66 per share is based on an EV/EBITDA multiple of 6.5x on our estimated 2014 EBITDA estimate of $3.05 billion. We are maintaining our 2013 EPS estimate of $8.00 per share. The stock has just 5% appreciation to our fair value estimate.”

Ensco International closed on Friday at $63.72.

Latest Ratings for ESV

DateFirmActionFromTo
Jun 2017Bank of AmericaDowngradesNeutralUnderperform
Jun 2017PiperJaffrayUpgradesNeutralOverweight
Apr 2017FearnleysUpgradesSellBuy

View More Analyst Ratings for ESV
View the Latest Analyst Ratings

Posted-In: Dahlman RoseAnalyst Color Downgrades Analyst Ratings

 

Related Articles (ESV)

View Comments and Join the Discussion!