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Goldman Sachs Revises Solera Holdings Estimates; Price Target Raised

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Goldman Sachs is raising its Solera Holdings, Inc. (NYSE: SLH) estimates on higher revenues and margins driven by updated FX assumptions, following the recent weakening of the USD, most notably against the Euro (+7% last 3 months; 45% of SLH's revenue).

“Our FY11/FY12/FY13 EPS are now $1.55/$1.85/$2.13 from $1.47/$1.74/$1.99 prior; excluding stock comp and intangibles, our adjusted EPS are now $2.25/$2.49/$2.73,” Goldman Sachs writes. “Reflecting our revised estimates, we are raising our 12-month price target to $46 (from $43), suggesting 5% upside.”

Goldman Sachs says that it remains positive on SLH's global positioning in the auto insurance claims industry and high margin leverage.

Solera Holdings currently trades for $44.14.

Posted-In: Price Target Analyst Ratings

 

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