Rowan Companies PLC Given New $43.00 Price Target at JPMorgan Chase & Co. (RDC)
Equities research analysts at JPMorgan Chase & Co. decreased their price target on shares of Rowan Companies PLC (NYSE:RDC) from $45.00 to $43.00 in a research note issued to investors on Tuesday, Stock Ratings News reports. JPMorgan Chase & Co.’s price objective would suggest a potential upside of 25.80% from the stock’s previous close.
RDC has been the subject of a number of other recent research reports. Analysts at Zacks downgraded shares of Rowan Companies PLC from a “neutral” rating to an “underperform” rating in a research note to investors on Thursday, December 19th. They now have a $31.00 price target on the stock. Separately, analysts at Barclays raised their price target on shares of Rowan Companies PLC from $48.00 to $49.00 in a research note to investors on Tuesday, December 17th. They now have an “overweight” rating on the stock. Finally, analysts at FBR Capital Markets initiated coverage on shares of Rowan Companies PLC in a research note to investors on Friday, December 6th. They set an “outperform” rating on the stock. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $41.63.
Shares of Rowan Companies PLC (NYSE:RDC) traded down 0.61% during mid-day trading on Tuesday, hitting $34.18. 935,681 shares of the company’s stock traded hands. Rowan Companies PLC has a one year low of $30.21 and a one year high of $38.65. The stock has a 50-day moving average of $34.46 and a 200-day moving average of $35.71. The company has a market cap of $4.246 billion and a P/E ratio of 16.64.
Rowan Companies PLC (NYSE:RDC) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $0.42 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.43 by $0.01. The company had revenue of $382.80 million for the quarter, compared to the consensus estimate of $382.90 million. During the same quarter last year, the company posted $0.21 earnings per share. Rowan Companies PLC’s revenue was up 8.2% compared to the same quarter last year. On average, analysts predict that Rowan Companies PLC will post $1.99 earnings per share for the current fiscal year.
Rowan Companies plc, formerly Rowan Companies, Inc, is a provider of international and domestic offshore contract drilling services.
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.