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UPDATE: Deutsche Bank Initiates Bullish Coverage On VWR

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On Tuesday, analysts at Deutsche Bank initiated coverage on VWR Corp (NASDAQ: VWR) with a Buy rating and $28 price target.

George Hill feels the company offers upside for the following reasons.

Attractive valuation with high degree of earnings and transparency: "VWR shares are currently trading at 14x our 2015 EPS estimate of $1.67."

Many of the other companies in the sector are currently trading with multiples in the high 20s.

Deutsche Bank analyst's favorite themes are at play in VWR, such as private label. Hill stated, "the company has been growing its private label business at a double digit clip with private label sales carrying EBITDA margins that are at least double the average."

In addition, Hill expects the company to use excess cash to drive earnings growth through M&A and deleverage.

Shares of VWR closed Monday at $22.50, up 2.55 percent.

Latest Ratings for VWR

Jan 2017Deutsche BankDowngradesBuyHold
Sep 2016UBSDowngradesNeutralSell
Aug 2016Cleveland ResearchDowngradesNeutralUnderperform

View More Analyst Ratings for VWR
View the Latest Analyst Ratings

Posted-In: Deutsche Bank George HillAnalyst Color Price Target Initiation Analyst Ratings


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