Texas (Apr. 25, 2013) Wax Ink has issued a Continued Investment Interest rating for Layne Christensen Company, Inc. (NYSE: LAYN) based on a recent baseline equity review which placed fair value between $38-$41.
The recent close of $18.89 is approximately 17% below the fair value buy target for the stock and approximately 60% below the fair value close target for the stock. The recent close is also 5% above analysts' $18.00 median target for the stock.
The recent close represents a 13% decrease in price since the last baseline equity review was conducted in October 2012.
The stock currently has a trailing twelve month PE Ratio of 8, and a PEG Ratio of 0.5 basis estimated forward earnings growth of 18%.
In the past 52 weeks, share prices have moved between a high of $25.11 and a low of $17.42. With the recent close, the stock is trading 33% below the 52 week high and 8% above the 52 week low.
Layne Christensen Company, Inc. provides water management, construction, and drilling services in North America and internationally.
All valuations are based on the listed company's most recent SEC annual filing, and all prices are per share.
Wax Ink currently has a long investment position in the company mentioned in this alert.
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Disclosure: I am long LAYN.