Canaccord Genuity on Water Technologies: June Qtr Preview
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Price: $133.58 --0%
Rating Summary:
6 Buy, 12 Hold, 5 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 6 | Down: 1 | New: 5
Rating Summary:
6 Buy, 12 Hold, 5 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 6 | Down: 1 | New: 5
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Canaccord Genuity on Water Technologies: June Qtr Preview
Canaccord analyst, John Quealy, said, "Badger Meter (NYSE: BMI)(BUY): As noted previously, our latest channel checks suggest positive trends overall, as “use it or lose it” spending materializes this quarter (given pending June/July budget cycle for many munis), while new product traction also appears to be underway and pitching business with partners (e.g., IBM (NYSE: IBM)) helps to further differentiate the platform. While shares have held up in recent weeks, risk/reward continues to favor near-term upside, in our view. Commodity, muni and competitive risks stay elevated."
"Insituform (Nasdaq: INSU)(HOLD): We expect few surprises following a negative pre-announcement in mid-June, while recent Energy M&A likely gains increased attention (potentially signaling more persistent challenges in core sewer rehab market, in our view). A reset to expectations helps remove an overhang, while the Street likely needs to see restructuring details and better margin visibility from municipal customers domestically in order to drive significant share appreciation...We model revenue/EPS of $220.5M/$0.20 vs. consensus at $227.0/$0.21."
"Nalco (NYSE: NLC)(BUY): Recent updates from major business unit leaders
(Water & Energy) suggest solid uptake on pricing (as commodity headwinds remain), with catch-up likely on track for Q3 (with margins returning toward historical levels in Q4 and potential for margin expansion into 2012 should raw material inputs continue to moderate). For the quarter itself, we expect continued momentum in BRIC+ and upstream energy, while full-year targets likely stay intact...Given the commodity environment, we remain comfortable with our model, estimating revenue/EPS of $1.13B/$0.36 vs. the Street at $1.12B/$0.36."
"Pentair (NYSE: PNR)(HOLD): We expect Pentair to report solid results in its
seasonally strong Q2 period, with increased likelihood of increasing full-year guidance slightly (but likely anticipated by Street at current levels). Our longer-term outlook stays positive, as we like management’s focus on international expansion and technology focused growth areas (supported by pending acquisition of CPT). Risk/reward appears appropriately balanced, in our view...We expect Pentair to report Q2/11 revenue/EPS of $886M/$0.72 vs. consensus at $895.6M/$0.71."
Canaccord analyst, John Quealy, said, "Badger Meter (NYSE: BMI)(BUY): As noted previously, our latest channel checks suggest positive trends overall, as “use it or lose it” spending materializes this quarter (given pending June/July budget cycle for many munis), while new product traction also appears to be underway and pitching business with partners (e.g., IBM (NYSE: IBM)) helps to further differentiate the platform. While shares have held up in recent weeks, risk/reward continues to favor near-term upside, in our view. Commodity, muni and competitive risks stay elevated."
"Insituform (Nasdaq: INSU)(HOLD): We expect few surprises following a negative pre-announcement in mid-June, while recent Energy M&A likely gains increased attention (potentially signaling more persistent challenges in core sewer rehab market, in our view). A reset to expectations helps remove an overhang, while the Street likely needs to see restructuring details and better margin visibility from municipal customers domestically in order to drive significant share appreciation...We model revenue/EPS of $220.5M/$0.20 vs. consensus at $227.0/$0.21."
"Nalco (NYSE: NLC)(BUY): Recent updates from major business unit leaders
(Water & Energy) suggest solid uptake on pricing (as commodity headwinds remain), with catch-up likely on track for Q3 (with margins returning toward historical levels in Q4 and potential for margin expansion into 2012 should raw material inputs continue to moderate). For the quarter itself, we expect continued momentum in BRIC+ and upstream energy, while full-year targets likely stay intact...Given the commodity environment, we remain comfortable with our model, estimating revenue/EPS of $1.13B/$0.36 vs. the Street at $1.12B/$0.36."
"Pentair (NYSE: PNR)(HOLD): We expect Pentair to report solid results in its
seasonally strong Q2 period, with increased likelihood of increasing full-year guidance slightly (but likely anticipated by Street at current levels). Our longer-term outlook stays positive, as we like management’s focus on international expansion and technology focused growth areas (supported by pending acquisition of CPT). Risk/reward appears appropriately balanced, in our view...We expect Pentair to report Q2/11 revenue/EPS of $886M/$0.72 vs. consensus at $895.6M/$0.71."
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