Susquehanna Increases Dresser-Rand Group Price Target to $72.00 (DRC)
Analysts at Susquehanna boosted their price target on shares of Dresser-Rand Group (NYSE:DRC) from $71.00 to $72.00 in a research report issued to clients and investors on Wednesday, Stock Ratings Network reports. The firm currently has a “positive” rating on the stock. Susquehanna’s price objective would suggest a potential upside of 15.16% from the stock’s previous close.
Shares of Dresser-Rand Group (NYSE:DRC) traded down 0.22% during mid-day trading on Wednesday, hitting $62.52. The stock had a trading volume of 713,860 shares. Dresser-Rand Group has a one year low of $48.74 and a one year high of $67.38. The stock has a 50-day moving average of $62. and a 200-day moving average of $60.79. The company has a market cap of $4.768 billion and a price-to-earnings ratio of 23.15.
Dresser-Rand Group (NYSE:DRC) last announced its earnings results on Thursday, July 25th. The company reported $0.69 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.57 by $0.12. The company had revenue of $805.30 million for the quarter, compared to the consensus estimate of $836.76 million. During the same quarter last year, the company posted $0.45 earnings per share. Dresser-Rand Group’s revenue was up 26.7% compared to the same quarter last year. Analysts expect that Dresser-Rand Group will post $3.17 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on DRC. Analysts at Global Hunter Securities raised their price target on shares of Dresser-Rand Group (NYSE:DRC) from $69.00 to $73.00 in a research note to investors on Wednesday, September 18th. They now have a “buy” rating on the stock. Separately, analysts at Raymond James initiated coverage on shares of Dresser-Rand Group (NYSE:DRC) in a research note to investors on Wednesday, August 14th. They set an “outperform” rating and a $61.22 price target on the stock. Finally, analysts at Guggenheim raised their price target on shares of Dresser-Rand Group (NYSE:DRC) from $62.00 to $68.00 in a research note to investors on Thursday, August 1st. They now have a “neutral” rating on the stock. Nine analysts have rated the stock with a hold rating and five have given a buy rating to the company. Dresser-Rand Group presently has an average rating of “Hold” and a consensus target price of $65.12.
Dresser-Rand Group Inc is a global supplier of of custom-engineered rotating equipment solutions for long-life, critical applications in the oil, gas, chemical, petrochemical, process, power generation, military and other industries 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.