Rockwell Automation Stock Rating Reaffirmed by JPMorgan Chase & Co. (ROK)
Rockwell Automation (NYSE:ROK)‘s stock had its “hold” rating reiterated by stock analysts at JPMorgan Chase & Co. in a report issued on Monday, Analyst Ratings News reports. They currently have a $106.00 price objective on the stock. JPMorgan Chase & Co.’s price target would suggest a potential downside of 0.64% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Barclays Capital raised their price target on shares of Rockwell Automation from $99.00 to $105.00 in a research note to investors on Monday. They now have an “overweight” rating on the stock. Separately, analysts at Deutsche Bank raised their price target on shares of Rockwell Automation from $98.00 to $130.00 in a research note to investors on Thursday, September 12th. They now have a “buy” rating on the stock. Finally, analysts at Sanford C. Bernstein raised their price target on shares of Rockwell Automation from $100.00 to $107.00 in a research note to investors on Tuesday, August 13th. They now have a “market perform” rating on the stock. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and six have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $100.71.
Rockwell Automation (NYSE:ROK) traded down 0.42% during mid-day trading on Monday, hitting $106.68. The stock had a trading volume of 574,848 shares. Rockwell Automation has a 52-week low of $68.30 and a 52-week high of $109.72. The stock’s 50-day moving average is $102.9 and its 200-day moving average is $92.10. The company has a market cap of $14.793 billion and a P/E ratio of 20.59.
Rockwell Automation (NYSE:ROK) last released its earnings data on Tuesday, July 30th. The company reported $1.54 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.39 by $0.15. The company had revenue of $1.62 billion for the quarter, compared to the consensus estimate of $1.60 billion. During the same quarter in the prior year, the company posted $1.33 earnings per share. The company’s quarterly revenue was up 5.3% on a year-over-year basis.
Rockwell Automation, Inc (NYSE:ROK) is a provider of industrial automation power, control and information solutions that help manufacturers achieve a competitive advantage for their businesses.
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