Insituform Technologies, Inc. (INSU) has been initiated today with coverage from the research analysts at Oppenheimer. Oppenheimer begins this new coverage of INSU with an initial price target set at $28 dollars and provided a “perform” rating for INSU.
Insituform Tech is slated to release their next earnings report on August 4, 2011 and is estimated to post EPS of 41 cents. Their last earnings report was released on April 25, 2011 and announced EPS of 8 cents with revenue totaling an $210.6 million dollars which was up 5.7 % year to year. INSU is currently trading below its 50-day moving average and 2011 is a down year for the company.
Insituform Technologies, Inc. is a worldwide provider of proprietary technologies and services for rehabilitating sewer, water, energy and mining piping systems and the corrosion protection of industrial pipelines. The company has market capitalization of $1,009,000,000 and 39,402,000 shares outstanding. INSU has a 52-week high of $30 dollars with the low being $18.52. The institution holding the largest amount of INSU shares is Invesco LTD., edging