Ratings on Brightpoint Inc (NASDAQ: CELL), CPFL Energia SA (NYSE: CPL), Calpine (NYSE: CPN), Citizens Republic Bancorp, Inc. (NASDAQ: CRBC) and Coinstar (NASDAQ: CSTR) reiterated by analysts.
Jefferies (NYSE:JEF) reiterated a “hold” rating on shares of Brightpoint Inc (CELL).
Deutsche Bank (NYSE:DB) reiterated a “hold” rating on shares of CPFL Energia SA (CPL).
Wunderlich reiterated a “buy” rating on Calpine (CPN). They have a price target of $18.00 on the company.
Oppenheimer reiterated an “outperform” rating on Citizens Republic Bancorp, Inc. (CRBC). They have a price target of $1.40 on the company.
Piper Jaffray reiterated an “overweight” rating on Coinstar (CSTR). They have a price target of $68.00 on the company.
Showing posts with label Citizens Republic Bancorp. Show all posts
Showing posts with label Citizens Republic Bancorp. Show all posts
Monday, May 2, 2011
Wednesday, December 1, 2010
Citizens Republic Bancorp (NASDAQ:CRBC) Should Improve in 2011-2012
Even though in the short term Citizens Republic Bancorp (NASDAQ:CRBC) could slightly underperform, FBR Captial improving in the second half of 2011 and into 2012.
FBR said, "We are revising our 2010 EPS estimate from ($0.46) to ($0.62) and our 2011 EPS estimate from ($0.09) to ($0.28). Additionally, we are establishing a 2012 EPS estimate of $0.07. Although we are reducing our estimates in 2010 and 2011, much of this is frontloaded, as we believe management will work to minimize losses quickly - and given this strategy, we expect the latter half of 2011 and 2012 to yield results indicative of the company's healthy pretax, pre-provision earnings base."
Citizens Republic closed Tuesday at $0.58, falling $0.01, or 1.69 percent. FBR lowered their price target on them from $1 to $0.75.
Trading volume was about 20 percent higher than its 3-month average.
FBR said, "We are revising our 2010 EPS estimate from ($0.46) to ($0.62) and our 2011 EPS estimate from ($0.09) to ($0.28). Additionally, we are establishing a 2012 EPS estimate of $0.07. Although we are reducing our estimates in 2010 and 2011, much of this is frontloaded, as we believe management will work to minimize losses quickly - and given this strategy, we expect the latter half of 2011 and 2012 to yield results indicative of the company's healthy pretax, pre-provision earnings base."
Citizens Republic closed Tuesday at $0.58, falling $0.01, or 1.69 percent. FBR lowered their price target on them from $1 to $0.75.
Trading volume was about 20 percent higher than its 3-month average.
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