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CRL

Charles River

$98.36

-1.24 (-1.25%)

08:38
08/09/17
08/09
08:38
08/09/17
08:38

Charles River provides 2H17 outlook

Expect SA, Microbial Solutions, and Biologics to be the primary drivers of growth in 2H17, partially offset by softness in the RMS segment. Expect 2H17 RMS organic revenue growth to be essentially flat, primarily due to RADS project that ended in 2016 (compresses the annual RMS growth by ~1%); Slightly lower revenue in the research models business in North America and Europe; Slower growth in China due to capacity constraints. FY17 RMS organic revenue growth expected to be in the low-single digits; Lower revenue growth will put pressure on the RMS operating margin in 2H17; FY17 RMS operating margin will remain in the high-20% range, but will be moderately lower than in 2016. Expect FY17 organic revenue growth will be: DSA segment: Near 10%; Manufacturing segment: 10% or higher; On a consolidated basis, non-GAAP operating margin in FY17 will approach our long-term goal of 20%; Manufacturing segment will be the largest contributor to operating margin improvement in FY17; Lower corporate spending as a % of revenue YOY. Guidance from presentation slides.

  • 09

    Aug

CRL Charles River
$98.36

-1.24 (-1.25%)

05/12/17
RHCO
05/12/17
NO CHANGE
RHCO
Charles River weakness unjustified, says SunTrust
SunTrust analyst Sandy Draper believes that Charles River reported "solid" results.He thinks investors are worried that the company's lower than expected Discovery and Safety Assessment revenue "indicates a cycle top for early-stage research." The analyst disagrees with this assessment ,partly because of the company's "rapidly accelerating bookings growth in March." He thinks the stock's weakness has created a good buying opportunity and keeps a $105 price target on the name.
02/15/17
BARD
02/15/17
NO CHANGE
Target $100
BARD
Outperform
Charles River price target raised to $100 from $89 at Baird
Baird analyst Eric Coldwell raised his price target on Charles River Labs to $100 from $89 as he said the company is firing on all cylinders. He believes the shares have room to run as the valuation is not stretched and secular trends and catalysts are ahead. Coldwell reiterated his Outperform rating on Charles River shares.
02/14/17
BARD
02/14/17
NO CHANGE
Target $100
BARD
Outperform
Charles River price target raised to $100 from $89 at Baird
Baird analyst Eric Coldwell raised Charles River's price target to $100 following the Q4 beat and guidance. Coldwell reiterates his Outperform rating and said valuation isn't stretched and secular trends and catalysts are favorable.
01/04/17
01/04/17
UPGRADE
Target $86.5

Buy
Charles River upgraded to Buy on robust demand, earnings growth at Evercore ISI
As previously reported, Evercore ISI upgraded Charles River to Buy from Hold and with an $86.50 price target. Analyst Ross Muken said his upgrade hinges on three key items, robust biopharma demand is likely to continue and benefit discovery/early development, fears of margin degradation from a mix shift are overblown, and management has a stellar capital allocation track record that has led to significant TSR. Muken adds Charles River's current discount provides a favorable entry point for investors looking for upside from double digit earnings growth.

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