Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Markets & Finance

Jeffries Cuts Toys R Us Rating


Toys R Us was down after Jefferies downgraded the stock to accumulate from buy.

Analyst Donald Trott says the stock is closing in on his $25-$26 target. He adds during each of first three quarters of the year, company guidance, consensus EPS estimates have come down as the quarter progressed. Although guidance for Q4 appears conservative, it seemed conservative with respect to earlier quarters as well. Hence, there's still a chance that we get some sort of EPS warning. Stock is selling at 17x the analyst's $1.38 fiscal year 2003 (January) EPS estimate vs. his 12% ongoing underlying growth rate.


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus