Rockwell Collins Downgraded to Neutral at Credit Suisse (COL)
Rockwell Collins (NYSE:COL) was downgraded by Credit Suisse from an “outperform” rating to a “neutral” rating in a research note issued on Monday, TheFlyOnTheWall.com reports.
COL has been the subject of a number of other recent research reports. 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. Separately, 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. Finally, analysts at Sterne Agee upgraded shares of Rockwell Collins (NYSE:COL) from a “neutral” rating to a “buy” rating in a research note to investors on Tuesday, August 13th. They now have a $88.00 price target on the stock, up previously from $73.33.
Twelve analysts have rated the stock with a hold rating and six have issued 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 (NYSE:COL) traded down 2.03% during mid-day trading on Monday, hitting $68.58. 335,882 shares of the company’s stock traded hands. 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 $9.259 billion and a P/E ratio of 16.06.
Rockwell Collins (NYSE:COL) last announced its earnings results 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. On average, analysts predict that Rockwell Collins will post $4.61 earnings per share for the current fiscal year.
Rockwell Collins, Inc (NYSE:COL) is engaged in design, production and support of communications and aviation electronics for commercial and military customers worldwide.
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