SMF Energy Corp Coverage Initiated by Analysts at Piper Jaffray Cos. (FUEL)
Stock analysts at Piper Jaffray Cos. assumed coverage on shares of SMF Energy Corp (NASDAQ:FUEL) in a report issued on Tuesday, TheFlyOnTheWall.com reports. The firm set an “overweight” rating and a $70.00 price target on the stock. Piper Jaffray Cos.’s price target indicates a potential upside of 15.51% from the stock’s previous close.
The analysts wrote, “While Rocket Fuel has far surpassed its IPO price, we to believe the momentum of the shift to real-time bidding (RTB) platforms for all forms of display media will offer continued high growth for the company. We believe that as the display market continues to shift to sales via RTB, which represented 16% of display in 2012 and we believe is headed to 50%+ in the next five years, that Rocket Fuel should be able to sustain its impressive growth rates. Given our expected growth rates of 80%+ in CY14 and 60% + in CY15, we believe that FUEL deserves to trade at a valuation that would put it ahead of many of its peers and closer to industry leaders. As a result, we initiate with an Overweight on shares of FUEL with a $70 price target.”
SMF Energy Corp (NASDAQ:FUEL) traded down 1.31% on Tuesday, hitting $60.60. The stock had a trading volume of 187,485 shares. SMF Energy Corp has a 52 week low of $50.90 and a 52 week high of $68.56. The stock has a 50-day moving average of $58.96 and a 200-day moving average of $58.96. The company’s market cap is $1.969 billion.
Separately, analysts at BMO Capital Markets initiated coverage on shares of SMF Energy Corp in a research note to investors on Tuesday. They set a “market perform” rating and a $65.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $65.00.
SMF Energy Corporation provides petroleum product distribution services, transportation logistics and emergency response services to the trucking, manufacturing, construction, shipping, utility, energy, chemical, telecommunications and government services industries.
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