Rockwell Collins Price Target Cut to $79.00 (COL)
Equities researchers at RBC Capital lowered their price target on shares of Rockwell Collins (NYSE:COL) from $84.00 to $79.00 in a research report issued on Monday, ARN reports. The firm currently has an “outperform” rating on the stock. RBC Capital’s target price suggests a potential upside of 15.03% from the stock’s previous close.
Shares of Rockwell Collins (NYSE:COL) traded down 1.89% during mid-day trading on Monday, hitting $68.68. 1,904,218 shares of the company’s stock traded hands. Rockwell Collins has a 1-year low of $52.00 and a 1-year 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 $9.272 billion and a P/E ratio of 16.06.
Rockwell Collins (NYSE:COL) last posted its quarterly earnings results on Friday, July 19th. The company reported $1.20 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $1.14 earnings per share. The company’s quarterly revenue was down 3.3% on a year-over-year basis. 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 Buckingham Research downgraded shares of Rockwell Collins (NYSE:COL) from a “buy” rating to a “neutral” rating in a research note to investors on Monday. Separately, 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. They now have a $68.00 price target on the stock, down previously from $78.00. Finally, 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.
Twelve research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Rockwell Collins currently has a consensus rating of “Hold” and an average price target of $73.53.
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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