Topeka Reaffirms Hold On Vistaprint N.V. Following F4Q14 Report


In a research note released this morning, Topeka Capital analyst Victor Anthony reaffirmed a Hold rating on Vistaprint N.V. (VPRT) with a $50 price target, following the company’s release of its F4Q14 report.

Anthony wrote, “Vistaprint reported a nice upside to our estimates and the consensus, with revenue growth 5% ahead and Adj. EPS 28c above our expectations. However, the outperformance was acquisition driven, with core revenue growth lingering in the low-single digits. Further, the EPS beat was driven in large part by a pullback in advertising expenses. The positives are that the acquisitions are performing better than expected, management continues to return capital to shareholders, and the pricing strategy changes appear to be bearing fruit. The core business will improve but only show growth in the mid-to-high single digits in F2015, well below the expected growth of e-commerce. We remain at a Hold until we see a sustained overall recovery”.

According to TipRanks.com, which measures analysts’ and bloggers’ success rate based on how their calls perform analyst Victor Anthony has a 21.1% average return and a 73.3% success rate. Anthony is ranked #38 out of 3195 analysts.

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