Dresser-Rand Group Coverage Initiated by Analysts at William Blair (DRC)
Research analysts at William Blair assumed coverage on shares of Dresser-Rand Group (NYSE:DRC) in a report released on Thursday, TheFlyOnTheWall.com reports. The firm set a “market perform” rating on the stock.
Dresser-Rand Group (NYSE:DRC) traded up 0.12% on Thursday, hitting $60.39. 77,902 shares of the company’s stock traded hands. Dresser-Rand Group has a 52 week low of $48.74 and a 52 week high of $67.38. The stock has a 50-day moving average of $61.94 and a 200-day moving average of $60.85. The company has a market cap of $4.605 billion and a P/E ratio of 22.28.
Dresser-Rand Group (NYSE:DRC) last posted its quarterly earnings results on Thursday, July 25th. The company reported $0.69 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.57 by $0.12. The company had revenue of $805.30 million for the quarter, compared to the consensus estimate of $836.76 million. During the same quarter in the prior year, the company posted $0.45 earnings per share. The company’s quarterly revenue was up 26.7% on a year-over-year basis. Analysts expect that Dresser-Rand Group will post $3.16 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Clarkson Capital initiated coverage on shares of Dresser-Rand Group in a research note to investors on Monday. They set a “market perform” rating on the stock. Separately, analysts at Susquehanna raised their price target on shares of Dresser-Rand Group from $71.00 to $72.00 in a research note to investors on Wednesday, October 2nd. They now have a “positive” rating on the stock. Finally, analysts at Global Hunter Securities raised their price target on shares of Dresser-Rand Group from $69.00 to $73.00 in a research note to investors on Wednesday, September 18th. They now have a “buy” rating on the stock. Eleven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $65.12.
Dresser-Rand Group Inc is a global supplier of of custom-engineered rotating equipment solutions for long-life, critical applications in the oil, gas, chemical, petrochemical, process, power generation, military and other industries worldwide.
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