Dresser-Rand Group Stock Rating Lowered by Zacks (DRC)
Dresser-Rand Group (NYSE:DRC) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research report issued to clients and investors on Friday, American Banking & Market News reports. They currently have a $56.70 price target on the stock. Zacks‘ target price suggests a potential downside of 3.42% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Barclays raised their price target on shares of Dresser-Rand Group from $64.00 to $77.00 in a research note to investors on Tuesday, December 17th. They now have an “overweight” rating on the stock. Separately, analysts at Cowen and Company raised their price target on shares of Dresser-Rand Group from $63.00 to $65.00 in a research note to investors on Tuesday, November 5th. They now have a “market perform” rating on the stock. Finally, analysts at Susquehanna cut their price target on shares of Dresser-Rand Group from $72.00 to $67.00 in a research note to investors on Monday, November 4th. They now have a “positive” rating on the stock. One analyst has rated the stock with a sell rating, eleven have given a hold rating and six have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $66.23.
Shares of Dresser-Rand Group (NYSE:DRC) traded up 0.19% during mid-day trading on Friday, hitting $58.82. The stock had a trading volume of 317,761 shares. Dresser-Rand Group has a 1-year low of $52.75 and a 1-year high of $67.38. The stock has a 50-day moving average of $57.8 and a 200-day moving average of $60.73. The company has a market cap of $4.487 billion and a price-to-earnings ratio of 20.84.
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.
To view Zacks’ full report, visit www.zacks.com
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.