Elster Group SE (ELT) – Research Analysts’ Weekly Ratings Changes

A number of firms have modified their ratings and price targets on shares of Elster Group SE (NYSE: ELT) recently:

Elster Group SE was downgraded by analysts at Wunderlich from a “buy” rating to a “hold” rating. They now have a $18.00 price target on the stock.

Elster Group SE was downgraded by analysts at Pacific Crest from an “outperform” rating to a “sector perform” rating.

Elster Group SE was downgraded by analysts at Piper Jaffray from an “overweight” rating to a “neutral” rating.

Elster Group SE was downgraded by analysts at Robert W. Baird to a “neutral” rating. They now have a $20.00 price target on the stock.

Elster Group SE was downgraded by analysts at Macquarie from an “outperform” rating to a “neutral” rating.

Elster Group SE was downgraded by analysts at Stifel Nicolaus from a “buy” rating to a “hold” rating.

Elster Group SE Corporate Information:

Elster Group SE (Elster) is a provider of gas, electricity and water meters and related communications, networking and software solutions with operations in more than 30 countries. Its portfolio of products and solutions are used to measure gas, electricity and water consumption. The Company operates in three segments: Gas, Electricity and Water. The Gas business provides products and solutions for gas metering, gas utilization and distribution. The Electricity business provides electronic single-phase and polyphase meters for residential and commercial and industrial applications. The Water segment provides brass and polymer-based mechanical and electronic meters for residential and commercial and industrial applications, including single-jet and multi-jet flow meters or volumetric meters.

Shares of Elster Group SE remained flat at $20.38 during during mid-day trading trading on Thursday. Elster Group SE has a 52 week low of $11.52 and a 52 week high of $20.39. The company has a market cap of $2.300 billion and a P/E ratio of 27.07.

Elster Group SE last announced its earnings results on Friday, May 4th. The company reported $0.24 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.23 by $0.01. The company’s quarterly revenue was up .6% on a year-over-year basis. On average, analysts predict that Elster Group SE will post $1.14 earnings per share for the current fiscal year.

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Posted by Web Inquirer Staff on 5 Jul 2012. Filed under Markets. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.