Buckingham Research Downgrades Rockwell Collins to Neutral (COL)
Rockwell Collins (NYSE:COL) was downgraded by research analysts at Buckingham Research from a “buy” rating to a “neutral” rating in a report released on Monday, TheFlyOnTheWall.com reports.
Shares of Rockwell Collins (NYSE:COL) opened at 70.00 on Monday. Rockwell Collins has a 52 week low of $52.00 and a 52 week high of $75.25. The stock’s 50-day moving average is $72.5 and its 200-day moving average is $66.54. The company has a market cap of $9.451 billion and a P/E ratio of 16.06.
Rockwell Collins (NYSE:COL) last issued its quarterly earnings data on Friday, July 19th. The company reported $1.20 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.16 by $0.04. The company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter last year, the company posted $1.14 earnings per share. Rockwell Collins’s revenue was down 3.3% compared to the same quarter last year. Analysts expect that Rockwell Collins will post $4.61 EPS for the current fiscal year.
A number of other firms have also recently commented on COL. Analysts at Credit Suisse downgraded shares of Rockwell Collins (NYSE:COL) from an “outperform” rating to a “neutral” rating in a research note to investors on Monday. Separately, analysts at Barclays Capital downgraded shares of Rockwell Collins (NYSE:COL) from an “overweight” rating to an “equal weight” rating in a research note to investors on Monday, September 16th. They now have a $75.00 price target on the stock. Finally, analysts at Wells Fargo & Co. downgraded shares of Rockwell Collins (NYSE:COL) from an “outperform” rating to a “market perform” rating in a research note to investors on Tuesday, September 3rd.
Twelve analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $74.29.
Rockwell Collins, Inc (NYSE:COL) is engaged in design, production and support of communications and aviation electronics for commercial and military customers worldwide.
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.