Roper Industries Given New $140.00 Price Target at Barclays Capital (ROP)
Equities research analysts at Barclays Capital raised their price objective on shares of Roper Industries (NYSE:ROP) from $130.00 to $140.00 in a research note issued to investors on Monday, AnalystRatingsNetwork.com reports. The firm currently has an “overweight” rating on the stock. Barclays Capital’s price objective would indicate a potential upside of 7.76% from the company’s current price.
Separately, analysts at Oppenheimer raised their price target on shares of Roper Industries from $130.00 to $135.00 in a research note to investors on Tuesday, July 30th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $128.33.
Roper Industries (NYSE:ROP) traded up 0.25% during mid-day trading on Monday, hitting $130.25. The stock had a trading volume of 138,558 shares. Roper Industries has a 52-week low of $102.85 and a 52-week high of $135.69. The stock has a 50-day moving average of $129.0 and a 200-day moving average of $125.6. The company has a market cap of $12.919 billion and a price-to-earnings ratio of 26.09.
Roper Industries (NYSE:ROP) last announced its earnings results on Monday, July 29th. The company reported $1.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.30 by $0.01. The company had revenue of $784.00 million for the quarter, compared to the consensus estimate of $806.67 million. During the same quarter in the previous year, the company posted $1.15 earnings per share. The company’s revenue for the quarter was up 11.0% on a year-over-year basis.
The company also recently declared a quarterly dividend, which is scheduled for Friday, October 25th. Investors of record on Friday, October 11th will be given a dividend of $0.17 per share. This represents a $0.66 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date of this dividend is Wednesday, October 9th.
Roper Industries, Inc (NYSE:ROP) designs, manufactures and distributes radio frequency (RF) products, services and application software, industrial technology products, energy systems and controls and medical and scientific imaging products and software.
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