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Tuesday, April 23, 2019
KeyW Holding Corporation (KEYW)
Could It Go Higher?
KEYW Holding is a provider of mission-critical cybersecurity, cybersuperiority, and geospatial intelligence solutions to U.S. government defense, intelligence, and national security agencies. Its solution includes collection, processing, analysis, and dissemination of intelligence information in cyberspace and geospace domains.
Joe Gomes, Senior Research Analyst, Noble Capital Markets, Inc.
Refer to full report for price target, fundamental analysis and rating.
- Announces Acquisition. KeyW yesterday morning announced it has singed a definitive merger agreement to be acquired by Jacobs Engineering (NYSE:JEC:Not Rated) for $11.25 per share in cash. The transaction has an enterprise value of $815 million, net of tax assets.
- Significant Premium. The
$11.25 represents a 43% premium to KeyW's closing stock price on April 18th and
is above our 12-month price target of $10.50 per share. The merger
consideration represents a 16.7x multiple on our 2019 adjusted EBITDA estimate
and 15.2x our 2020 adjusted EBI...
*Analyst certification and important disclosures included in full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.