Robertson, Stephens & Company Upgrades Abacus to Buy
PR Newswire - January 02, 1997 10:19
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SAN FRANCISCO, Jan. 2 /PRNewswire/ -- Robertson, Stephens & Company
research analyst Wayne Johnson raised his rating today on Abacus Direct
Corporation (ABDR) to a Buy from Long-Term Attractive.
Johnson says he is upgrading his rating on Abacus based on price and in
his opinion a robust business outlook.
Johnson says ABDR is trading at 31x his 1997 EPS estimate of $0.52 and a
20% discount to its three year EPS growth rate of 40%.
"Also important, Abacus boasts a 90% recurring revenue rate and more than
2x the profitability of the nearest competitor," said Johnson.
Furthermore, he believes that all business indications are solid and the
4Q could exceed EPS estimates.
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SOURCE Robertson, Stephens & Company
CONTACT: Lisa James, 415-676-2970, or Wayne Johnson, 415-676-2763 |
