Deutsche Bank Increases Rockwell Automation Price Target to $73.00 (ROK)
Equities research analysts at Deutsche Bank increased their target price on shares of Rockwell Automation (NYSE:ROK) from $72.00 to $73.00 in a research note issued to investors on Wednesday, StockRatingsNetwork reports. Deutsche Bank’s price target points to a potential downside of 30.07% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at JPMorgan Chase & Co. reiterated a “hold” rating on shares of Rockwell Automation in a research note to investors on Monday. They now have a $106.00 price target on the stock. Separately, 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. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and five have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $96.64.
Shares of Rockwell Automation (NYSE:ROK) traded down 1.30% on Wednesday, hitting $104.39. 1,156,145 shares of the company’s stock traded hands. Rockwell Automation has a 52-week low of $68.30 and a 52-week high of $109.72. The stock has a 50-day moving average of $103. and a 200-day moving average of $92.42. The company has a market cap of $14.476 billion and a P/E ratio of 20.33.
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. Analysts expect that Rockwell Automation will post $5.62 EPS for the current fiscal year.
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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