R.R. Donnelley & Sons Co. Receives “Hold” Rating from Benchmark Co. (RRD)
R.R. Donnelley & Sons Co. (NYSE:RRD)‘s stock had its “hold” rating restated by investment analysts at Benchmark Co. in a note issued to investors on Tuesday, ARN reports. They currently have a $19.00 price target on the stock, down from their previous price target of $20.00. Benchmark Co.’s target price suggests a potential upside of 15.85% from the company’s current price.
The analysts wrote, “At a recent investor conference, RRD (RRD-Hold, PT from $20 to $19) management reiterated its 2013 revenue and EBITDA guidance – revenues are expected to be $10.1-10.3 billion vs. $10.2B in 2012, including unfavorable foreign exchange rate changes and pass through paper sales. Through June 2013 year to date, revenues are down 12%. Based on a projected EBITDA margin of 11.2% to 11.4%, adjusted EBITDA would be $1.13-1.17 billion. We are trimming our estimates and our price target, and while we maintain a positive long-term view of the Company, we continue to feel the stock is fairly valued with limited upside near-term as we expect little to no growth through 2014.”
A number of other analysts have also recently weighed in on RRD. Analysts at Barclays Capital downgraded shares of R.R. Donnelley & Sons Co. (NYSE:RRD) from an “overweight” rating to an “equal weight” rating in a research note to investors on Thursday, August 1st. They now have a $16.00 price target on the stock, up previously from $14.00. Analysts at Zacks reiterated a “neutral” rating on shares of R.R. Donnelley & Sons Co. (NYSE:RRD) in a research note to investors on Monday, July 15th. They now have a $15.00 price target on the stock.
Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $16.67.
R.R. Donnelley & Sons Co. (NYSE:RRD) traded up 1.46% during mid-day trading on Tuesday, hitting $16.64. 736,839 shares of the company’s stock traded hands. R.R. Donnelley & Sons Co. has a one year low of $8.30 and a one year high of $19.41. The stock’s 50-day moving average is $17.57 and its 200-day moving average is $13.90. The company’s market cap is $3.023 billion.
R.R. Donnelley & Sons Co. (NYSE:RRD) last issued its quarterly earnings data on Tuesday, July 30th. The company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.03. The company had revenue of $2.60 billion for the quarter, compared to the consensus estimate of $2.50 billion. During the same quarter last year, the company posted $0.49 earnings per share. R.R. Donnelley & Sons Co.’s revenue was up 1.7% compared to the same quarter last year. Analysts expect that R.R. Donnelley & Sons Co. will post $1.68 EPS for the current fiscal year.
R.R. Donnelley & Sons Company (NYSE:RRD) is a global provider of integrated communications.
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