Sidoti Initiates Coverage on Ducommun Incorporated (DCO)
Research analysts at Sidoti assumed coverage on shares of Ducommun Incorporated (NYSE:DCO) in a report released on Friday, Analyst Ratings.Net reports. The firm set a “buy” rating and a $38.00 price target on the stock. Sidoti’s price objective indicates a potential upside of 38.74% from the stock’s previous close.
Ducommun Incorporated (NYSE:DCO) traded down 4.06% on Friday, hitting $27.39. The stock had a trading volume of 121,601 shares. Ducommun Incorporated has a 52 week low of $12.86 and a 52 week high of $29.37. The stock has a 50-day moving average of $26.20 and a 200-day moving average of $21.7. The company has a market cap of $292.5 million and a price-to-earnings ratio of 17.20.
Ducommun Incorporated (NYSE:DCO) last announced its earnings results on Monday, August 5th. The company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by $0.04. The company had revenue of $191.50 million for the quarter, compared to the consensus estimate of $181.59 million. During the same quarter in the previous year, the company posted $0.37 earnings per share. The company’s revenue for the quarter was up 3.7% on a year-over-year basis. Analysts expect that Ducommun Incorporated will post $1.76 EPS for the current fiscal year.
DCO has been the subject of a number of other recent research reports. Analysts at Zacks upgraded shares of Ducommun Incorporated (NYSE:DCO) from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday, July 9th. They now have a $22.70 price target on the stock. Analysts at FBR Capital Markets initiated coverage on shares of Ducommun Incorporated (NYSE:DCO) in a research note to investors on Thursday, June 27th. They set an “outperform” rating and a $26.00 price target on the stock.
Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Ducommun Incorporated presently has a consensus rating of “Hold” and an average price target of $27.93.
Ducommun Incorporated (NYSE:DCO), through its subsidiaries, designs, engineers and manufactures aerostructure and electromechanical components and subassemblies, and provides engineering, technical and program management services for the aerospace industry.
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