logo
  Join        Login             Stock Quote

Polypore International Inc. (PPO) Ready To Go?

 January 15, 2013 07:44 PM
 


(By Rich Bieglmeier) Polypore International Inc. (PPO) is one of the stocks from within this week's mature bull sectors list. (Our sector review is now exclusively available in our daily, opening briefs)

PPO is a technology filtration company, develops, manufactures, and markets specialized microporous membranes used in separation and filtration processes. It operates in two segments, Energy Storage and Separations Media. The Energy Storage segment offers membranes that provide the function of separating the cathode and anode in applications, including lithium-ion batteries that are used in portable electronic devices, energy storage systems, cordless power tools, and electric drive vehicles; and lead-acid batteries used in automobiles, other motor vehicles, forklifts, and uninterruptible power supply systems.

[Related -Polypore International, Inc. (PPO): Forget Tesla: This Is The Best Way To Profit From Electric Cars]

Polypore International could be preparing a return trip to its recent cycle-high of $48.42. Shares corrected to support after hitting a pivot high to end 2012. The mini-correction carried PPO's stock price down to its 50-day moving average of $41.03. For the last three days, the stock price has hugged the rising 50-day. The embrace appears to have ended today with the stock gaining nearly a dollar and moving away from the key trend-line.

Relative strength, despite the stock price's recent woes, has turned up following a downward thrust and flattening out. This means PPO has enough overhead storage space to fit in a potential run back to $48ish.

[Related -Buy Or Sell? Today's Losers: PWRD, PPO]

Analysts following Polypore expect the industrial goods company to grow sales by 10.40% in 2013, after revenue fell 4.5% in 2012. A fattening topline should add up to EPS growth of more than 25% for the year 2013. Meanwhile, PPO shares trade with a forward P/E of 18.04, a 40% discount to projected earnings growth. In the past five-years, shares have traded with a trailing twelve month P/E as high as 79.58, a low of 16.90, and an average of 31.68, which is 27% higher than its current 24.80 P/E.

If the 2013 consensus for earnings and sales are correct for PPO, iStock can envision PPO's P/E expanding to its earnings growth rate, from a forward P/E of 18.04 to 25. At 2013's consensus estimate of $2.33, a P/E of 25 would put shares in the neighborhood of $58 sometime in the next 12 months or so.

Overall, investors might find Polypore International Inc. (PPO) short and long-term prospects attractive; although, sales and profits will have to live up to Wall Street's forecast for PPO to go in 2013.

iOnTheMarket Premium
Advertisement

Advertisement


Post Comment -- Login is required to post message
Name:  
Alert for new comments:
Your email:
Your Website:
Title:
Comments:
 

rss feed

Latest Stories

article imageEstee Lauder Companies Inc (EL): Goldman Sachs is Convicted EL Will Make Your Portfolio Prettier

Want to freshen up your portfolio? Goldman Sachs say to add Estee Lauder Companies Inc (NYSE:EL). The read on...

article imageYahoo! Inc. (YHOO) Q1 Earnings Preview: Another Bullish Surprise Coming

Yahoo! Inc. (NASDAQ:YHOO) will discuss the company's financial results for the first quarter ended March read on...

article imageThe Coca-Cola Company (KO) Q1 Earnings Preview: Guidance About to Fizzle?

The Coca-Cola Company (NYSE:KO) plans to release its first quarter earnings results before the market opens read on...

article imageIntel Corporation (INTC) Q1 Earnings Preview: A Business in Transition

Intel Corporation (NASDAQ:INTC) plans to post its first quarter earnings results promptly after the market read on...

Advertisement
Popular Articles

Advertisement
Daily Sector Scan
Partner Center



Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.