Dresser-Rand Group Given New $67.00 Price Target at Susquehanna (DRC)
Analysts at Susquehanna lowered their target price on shares of Dresser-Rand Group (NYSE:DRC) from $72.00 to $67.00 in a research report issued to clients and investors on Monday, Analyst Ratings.Net reports. The firm currently has a “positive” rating on the stock. Susquehanna’s target price suggests a potential upside of 14.86% from the stock’s previous close.
Shares of Dresser-Rand Group (NYSE:DRC) traded up 1.06% on Monday, hitting $58.33. The stock had a trading volume of 1,053,228 shares. 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 $61.89 and a 200-day moving average of $61.13. The company has a market cap of $4.450 billion and a price-to-earnings ratio of 20.49.
Several other analysts have also recently commented on the stock. Analysts at Raymond James cut their price target on shares of Dresser-Rand Group from $72.00 to $69.00 in a research note to investors on Monday. They now have an “outperform” rating on the stock. Separately, analysts at JPMorgan Chase & Co. cut their price target on shares of Dresser-Rand Group from $72.00 to $63.00 in a research note to investors on Monday. They now have a “neutral” rating on the stock. Finally, analysts at Barclays cut their price target on shares of Dresser-Rand Group from $70.00 to $64.00 in a research note to investors on Monday. They now have an “overweight” rating on the stock. Eleven research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $65.73.
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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