The oil and gas equipment and marine equipment company reported last week fourth-quarter earnings of $17 million, or 80 cents a share, down from year-ago earnings of $27.1 million, or $1.27 a share."With a cash war chest of roughly $650 million (includes restricted cash and proceeds from Environmental sale) we expect management to continue to hunt acquisitions," Credit Suisse analysts wrote in a Feb. 16 report. "We believe the best value lies in the Marine Transportation (coastal and tug trade). The implemenation by the USCG of Subchapter M should provide opportunities for well capitalized tug players." Shares of Seacor Holdings were upgraded to buy from hold by TheStreet Ratings. Two of the three analysts who cover Seacor Holdings rated it hold; one rated it sell. Seacor Holdings gets a B grade from TheStreet Ratings with a buy rating and a $113.76 price target. The stock closed Tuesday at $98.84 and has increased 11.11% year to date.
Qiagen The assay and sample technology company reported last month fourth-quarter earnings of $73.6 million, or 31 cents a share, up from year-ago earnings of $62 million, or 26 cents a share. "Qiagen continues to have success penetrating both clinical (mainly LDT in the U.S.) and life science markets (strong in both U.S. and Europe) with its QIAsymphony instrument and anticipates increasing the installed base from the
>To contact the writer of this article, click here: Alexandra Zendrian >To submit a news tip, send an email to: email@example.com. >To follow the writer on Twitter, go to Alexandra Zendrian.