Curtiss-Wright Receives New Coverage from Analysts at Ascendiant Capital Markets (CW)
The analysts wrote, “Curtiss-Wright Corporation provides products and services that are highly engineered and technically advanced that provide critical functions in demanding conditions. Its products are directed toward vital industries such as defense, commercial aerospace and energy. While the company has significant exposure to the defense industry, it has diversified its end markets, demonstrated the ability to make and integrate acquisitions and implement operating initiatives that should contribute to improved operations and profitability over the next few years.”
CW has been the subject of a number of other recent research reports. Analysts at Zacks downgraded shares of Curtiss-Wright from a “neutral” rating to an “underperform” rating in a research note to investors on Tuesday. They now have a $33.70 price target on the stock. Separately, analysts at Imperial Capital raised their price target on shares of Curtiss-Wright from $34.00 to $36.00 in a research note to investors on Monday, February 25th. They now have an “in-line” rating on the stock. Finally, analysts at KeyBanc upgraded shares of Curtiss-Wright from a “hold” rating to a “buy” rating in a research note to investors on Friday, January 18th. They now have a $46.00 price target on the stock.
One analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $38.96.
Curtiss-Wright (NYSE: CW) traded up 0.40% on Friday, hitting $35.30. Curtiss-Wright has a 1-year low of $34.81 and a 1-year high of $35.92. The stock’s 50-day moving average is currently $35.4. The company has a market cap of $1.648 billion and a price-to-earnings ratio of 14.62.
Curtiss-Wright (NYSE: CW) last announced its earnings results on Wednesday, February 20th. The company reported $0.95 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.95. The company had revenue of $590.45 million for the quarter, compared to the consensus estimate of $596.03 million. During the same quarter in the prior year, the company posted $0.84 earnings per share. The company’s quarterly revenue was up 7.3% on a year-over-year basis. Curtiss-Wright has set its FY13 guidance at $2.70-2.80 EPS. Analysts expect that Curtiss-Wright will post $2.85 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, April 11th. Stockholders of record on Thursday, March 28th will be given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date of this dividend is Tuesday, March 26th.
Curtiss-Wright Corporation is a diversified, multinational provider of engineered, technologically advanced products and services.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.