VistaPrint, Ltd. NV (VPRT)
by Zacks Equity ResearchJuly 23, 2012 | Comments : 0 Recommended this article: (0)
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Apart from inorganic growth, the company's long- term organic growth guidance looks commendable. Also, the company is gradually emerging as an international company. Although VistaPrint s 2012 performance could be challenging due to a few planned investments, which could weigh on its bottom line, we believe this downside risk is already reflected on the current share price.
Hence, we upgrade the stock from a Neutral to Outperform recommendation. Our six-month target price of $39.00 equates to 37.1x our earnings estimate for fiscal 2012. This price target implies an expected total return of around 19.0% over that period.
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