Roper Industries Price Target Cut to $133.00 by Analysts at JPMorgan Chase & Co. (ROP)
Equities researchers at JPMorgan Chase & Co. cut their price objective on shares of Roper Industries (NYSE:ROP) from $136.00 to $133.00 in a research report issued on Tuesday, Analyst Ratings Network reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.’s price objective indicates a potential upside of 3.78% from the company’s current price.
ROP has been the subject of a number of other recent research reports. Analysts at Barclays cut their price target on shares of Roper Industries from $140.00 to $131.00 in a research note to investors on Tuesday. They now have an “overweight” rating on the stock. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $130.33.
Roper Industries (NYSE:ROP) traded up 3.13% during mid-day trading on Tuesday, hitting $128.15. The stock had a trading volume of 998,080 shares. Roper Industries has a 52-week low of $101.21 and a 52-week high of $132.72. The stock’s 50-day moving average is $126.4 and its 200-day moving average is $124.7. The company has a market cap of $12.710 billion and a P/E ratio of 24.96.
Roper Industries (NYSE:ROP) last issued its quarterly earnings data on Monday, October 28th. The company reported $1.42 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.45 by $0.03. The company had revenue of $837.00 million for the quarter, compared to the consensus estimate of $865.86 million. During the same quarter in the prior year, the company posted $1.24 earnings per share. The company’s quarterly revenue was up 10.7% on a year-over-year basis. Analysts expect that Roper Industries will post $5.77 EPS for the current fiscal year.
Roper Industries, Inc (NYSE:ROP) designs, manufactures and distributes radio frequency (RF) products, services and application software, industrial technology products, energy systems and controls and medical and scientific imaging products and software.
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