Oppenheimer is out with its report today on CSG Systems International CSGS, reiterating Outperform.
In a note to clients, Oppenheimer writes, "CSGS is targeting at least 10% growth in revenue, EBITDA and pro forma EPS. Consistent execution, high revenue visibility, operational scale, strong cash flow, and a strong balance sheet make CSGS an attractive investment candidate, especially during times of elevated market volatility. CSGS is trading at 8x our FY12E EPS of $2.50, and should command a higher multiple, in our view. Our $28 target is based on 11x our FY12E EPS, and we reiterate our Outperform rating."
Shares of CSGS closed Thursday at $19.30, up 1.85% from Wednesday's close.
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Posted In: Analyst ColorPrice TargetAnalyst Ratingscsg systems internationalData Processing & Outsourced ServicesInformation TechnologyOppenheimer
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