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AMCOL International Corporation Message Board

  • steve_382 steve_382 Sep 20, 2012 10:04 AM Flag

    Downgrade by analyst

    Ha, Just when I was feeling better about the share price. Still looks OK to me for now. I am thinking we could see 40 or so in the next 6 months. With central banks around the world trying to boost things, it seems like Amcol could benefit. Still, it did seem the share price had gotten ahead of itself a little to me also.

    AMCOL International downgraded to Neutral from Buy at Sterne Agee
    Sterne Agee downgraded AMCOL based on valuation.

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    • Found this today. As the analyst might say, it provides a little more "color" or "granularity" to the rating.

      • 1 Reply to steve_382
      • For some reason, Yahoo didn't post the article:

        Sterne Agee cut shares of AMCOL International (NYSE: ACO) from a buy rating to a neutral rating in a research note issued to investors on Thursday.

        “Despite recent macro headwinds in the industrial space, we believe our $2.15, $2.26, and $2.57 EPS estimates for FY2012, 2013, and 2014 (respectively) remain achievable. In Oilfield Services, we expect that the company encountered some disruption from Hurricane Isaac, but the fact that the storm appears to have done little damage to the infrastructure of Gulf of Mexico energy production likely means that the impact on ACO was limited, in our opinion. Minerals & Materials is clearly levered to an industrial slowdown in the U.S., as well as Asia and Europe, but we believe slower growth is factored into our estimates. As for the Environmental segment, that has been troubled for some time, and our model assumes no top-line growth in this business until 2014.,” Sterne Agee’s analyst wrote.

        AMCOL International opened at 34.75 on Thursday. AMCOL International has a 52-week low of $21.60 and a 52-week high of $36.28. The company has a market cap of $1.112 billion and a price-to-earnings ratio of 16.69.

    • i always love it when ACO gets some momentum they have to downgrade. Agree, with central bank action should help AMCOL