Cantor Reiterates Hold On Shares Of VistaPrint NV, $52 PT
In a research report issued this morning, Cantor analyst Youssef Squali reiterated a Hold rating on VistaPrint NV (NASDAQ:VPRT) with a price target of $52.00.
Squali noted, ” 1Q:FY15 should be in-line with our expectations for $334.5M in revenue and $0.60 in normalized EPS (NEPS) vs. FactSet consensus of $333M and $0.57. U.S. and Europe likely weak still but should show signs of progress. Following pricing and promotional changes rolled out in the U.S. and Germany in the March quarter, 1Q:FY15 results are likely to show high-single-digit revenue growth in the U.S. and a flat Europe, as turnaround remains a work in progress. Excluding acquisitions, we expect Europe to be virtually flat Y/Y and U.S. to be up 8% vs. -2% and +6%, respectively, in the June quarter. F/X likely to be a headwind to revenue and EPS to for 1Q, outlook. we expect F/X will result in a $3.4M hit to the top line and a $0.1M increase costs resulting in a $0.02 hit to NEPS, overall. For 2Q:FY15, our forecast is for a hit of $18.3M.”
According to TipRanks.com, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Youssef Squali has a total average return of 28.9% and a 70.2% success rate. Squali has a 6.0% average return when recommending VPRT, and is ranked #3 out of 3347 analysts.