Rockwell Collins Coverage Initiated by Analysts at Canaccord Genuity (COL)
Research analysts at Canaccord Genuity began coverage on shares of Rockwell Collins (NYSE:COL) in a report released on Wednesday, TheFlyOnTheWall.com reports. The firm set a “hold” rating and a $68.00 price target on the stock. Canaccord Genuity’s price objective indicates a potential upside of 2.21% from the stock’s previous close.
The analysts wrote, “We are initiating coverage of Rockwell Collins (COL) with a HOLD rating and a $68 price target. We believe long term ARINC and the greater commercial exposure will be a positive, but near term softness in business jet and defense markets offset potential positives. Market share gains and strong execution will continue to be potential positive catalysts.”
Rockwell Collins (NYSE:COL) traded up 1.31% during mid-day trading on Wednesday, hitting $67.40. 79,387 shares of the company’s stock traded hands. Rockwell Collins has a one year low of $52.24 and a one year high of $75.25. The stock’s 50-day moving average is $70.45 and its 200-day moving average is $67.10. The company has a market cap of $9.100 billion and a P/E ratio of 15.26.
Rockwell Collins (NYSE:COL) last released its earnings data on Friday, July 19th. The company reported $1.20 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.16 by $0.04. The company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter last year, the company posted $1.14 earnings per share. Rockwell Collins’s revenue was down 3.3% compared to the same quarter last year. On average, analysts predict that Rockwell Collins will post $4.60 earnings per share for the current fiscal year.
COL has been the subject of a number of other recent research reports. Analysts at Deutsche Bank raised their price target on shares of Rockwell Collins from $72.00 to $73.00 in a research note to investors on Wednesday. They now have a “hold” rating on the stock. Separately, analysts at RBC Capital cut their price target on shares of Rockwell Collins from $84.00 to $79.00 in a research note to investors on Monday, September 23rd. They now have an “outperform” rating on the stock. Finally, analysts at Buckingham Research downgraded shares of Rockwell Collins from a “buy” rating to a “neutral” rating in a research note to investors on Monday, September 23rd. Thirteen analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $72.94.
Rockwell Collins, Inc (NYSE:COL) is engaged in design, production and support of communications and aviation electronics for commercial and military customers worldwide.
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