Ducommun Incorporated Now Covered by Canaccord Genuity (DCO)
Canaccord Genuity assumed coverage on shares of Ducommun Incorporated (NYSE:DCO) in a research note issued on Wednesday, TheFlyOnTheWall.com reports. The firm set a “buy” rating on the stock.
The analysts wrote, “We are initiating coverage of Ducommun (DCO) with a BUY rating and a $34 price target. As execution continues to improve, confidence in cash flows and debt reduction should increase, serving as positive catalysts. We believe H2/13 represents the bottom for non-A&D sales, which should provide additional upside into 2014.”
Shares of Ducommun Incorporated (NYSE:DCO) traded up 3.02% on Wednesday, hitting $28.0325. The stock had a trading volume of 6,483 shares. Ducommun Incorporated has a 52-week low of $12.97 and a 52-week high of $29.37. The stock has a 50-day moving average of $27.33 and a 200-day moving average of $23.21. The company has a market cap of $299.3 million and a P/E ratio of 16.39.
Ducommun Incorporated (NYSE:DCO) last released its earnings data on Monday, August 5th. The company reported $0.36 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.40 by $0.04. The company had revenue of $191.50 million for the quarter, compared to the consensus estimate of $181.59 million. During the same quarter in the prior year, the company posted $0.37 earnings per share. The company’s quarterly revenue was up 3.7% on a year-over-year basis. On average, analysts predict that Ducommun Incorporated will post $1.76 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks upgraded shares of Ducommun Incorporated from a “neutral” rating to an “outperform” rating in a research note to investors on Thursday, October 3rd. They now have a $30.70 price target on the stock. Separately, analysts at FBR Capital Markets raised their price target on shares of Ducommun Incorporated from $26.00 to $34.00 in a research note to investors on Thursday, October 3rd. They now have an “outperform” rating on the stock. Finally, analysts at Sidoti initiated coverage on shares of Ducommun Incorporated in a research note to investors on Friday, September 13th. They set a “buy” rating and a $38.00 price target on the stock. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Ducommun Incorporated presently has an average rating of “Buy” and an average price target of $31.93.
Ducommun Incorporated (NYSE:DCO), through its subsidiaries, designs, engineers and manufactures aerostructure and electromechanical components and subassemblies, and provides engineering, technical and program management services for the aerospace industry.
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