Precision Castparts Corp. Coverage Initiated by Analysts at Canaccord Genuity (PCP)
Analysts at Canaccord Genuity assumed coverage on shares of Precision Castparts Corp. (NYSE:PCP) in a research report issued to clients and investors on Wednesday, Analyst Ratings Net reports. The firm set a “buy” rating on the stock.
Other equities research analysts have also recently issued reports about the stock. Analysts at Jefferies Group cut their EPS estimates on shares of Precision Castparts Corp. in a research note on Wednesday. They now have a “hold” rating and a $235.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Precision Castparts Corp. in a research note to investors on Friday, October 4th. They now have a $243.00 price target on the stock. Finally, analysts at Credit Suisse raised their price target on shares of Precision Castparts Corp. from $240.00 to $287.00 in a research note to investors on Thursday, October 3rd. They now have an “outperform” rating on the stock. Three equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $254.56.
Shares of Precision Castparts Corp. (NYSE:PCP) traded down 1.25% on Wednesday, hitting $229.91. The stock had a trading volume of 647,092 shares. Precision Castparts Corp. has a 52 week low of $160.78 and a 52 week high of $254.14. The stock’s 50-day moving average is $225.2 and its 200-day moving average is $214.2. The company has a market cap of $33.460 billion and a price-to-earnings ratio of 22.50.
Precision Castparts Corp. (NYSE:PCP) last issued its quarterly earnings data on Thursday, July 25th. The company reported $2.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.90 by $0.02. The company had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.53 billion. During the same quarter in the previous year, the company posted $2.35 earnings per share. The company’s revenue for the quarter was up 20.4% on a year-over-year basis. Analysts expect that Precision Castparts Corp. will post $12.09 EPS for the current fiscal year.
Precision Castparts Corp. (NYSE:PCP) is a manufacturer of metal components and products, provides investment castings, forgings and fasteners/fastener systems for critical aerospace and industrial gas turbine (IGT) applications.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.