Curtiss-Wright Corp. PT Raised to $46.00 (CW)
Deutsche Bank boosted their target price on shares of Curtiss-Wright Corp. (NYSE:CW) from $45.00 to $46.00 in a research note issued on Wednesday, AR Network reports. The firm currently has a “hold” rating on the stock. Deutsche Bank’s target price would suggest a potential upside of 1.91% from the stock’s previous close.
Shares of Curtiss-Wright Corp. (NYSE:CW) traded down 0.53% on Wednesday, hitting $44.90. The stock had a trading volume of 120,577 shares. Curtiss-Wright Corp. has a 52-week low of $28.95 and a 52-week high of $48.40. The stock has a 50-day moving average of $45.15 and a 200-day moving average of $38.. The company has a market cap of $2.113 billion and a price-to-earnings ratio of 20.57.
Curtiss-Wright Corp. (NYSE:CW) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.03. The company had revenue of $617.70 million for the quarter, compared to the consensus estimate of $603.47 million. During the same quarter in the previous year, the company posted $0.48 earnings per share. The company’s revenue for the quarter was up 17.3% on a year-over-year basis. On average, analysts predict that Curtiss-Wright Corp. will post $2.82 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, October 18th. Stockholders of record on Friday, October 4th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date of this dividend is Thursday, October 3rd.
A number of other firms have also recently commented on CW. Analysts at Topeka Capital Markets initiated coverage on shares of Curtiss-Wright Corp. in a research note to investors on Tuesday, August 27th. They set a “buy” rating and a $50.00 price target on the stock. Separately, analysts at Merrill Lynch initiated coverage on shares of Curtiss-Wright Corp. in a research note to investors on Thursday, August 8th. They set a “neutral” rating on the stock. Finally, analysts at Bank of America Corp. downgraded shares of Curtiss-Wright Corp. from a “buy” rating to a “neutral” rating in a research note to investors on Thursday, August 8th. They now have a $46.00 price target on the stock, up previously from $42.00. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $44.17.
Curtiss-Wright Corporation is a diversified, multinational provider of engineered, technologically advanced products and services.
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