Curtiss-Wright Corp. Price Target Increased to $71.00 by Analysts at Deutsche Bank (CW)
Deutsche Bank boosted their price target on shares of Curtiss-Wright Corp. (NYSE:CW) from $65.00 to $71.00 in a research note issued on Tuesday, Analyst Ratings Net reports. The firm currently has a “buy” rating on the stock. Deutsche Bank’s price objective points to a potential upside of 10.30% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Bank of America Corp. upgraded shares of Curtiss-Wright Corp. from a “neutral” rating to a “buy” rating in a research note to investors on Tuesday, January 7th. They now have a $54.00 price target on the stock, down previously from $71.00. Analysts at Ascendiant Capital Markets downgraded shares of Curtiss-Wright Corp. from a “buy” rating to a “neutral” rating in a research note to investors on Thursday, October 31st. They now have a $50.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $51.17.
In other Curtiss-Wright Corp. news, Director William Dr Sihler unloaded 2,142 shares of the stock on the open market in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $62.19, for a total transaction of $133,210.98. Following the completion of the transaction, the director now directly owns 6,724 shares in the company, valued at approximately $418,166. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Curtiss-Wright Corp. (NYSE:CW) traded up 0.19% on Tuesday, hitting $64.37. 363,060 shares of the company’s stock traded hands. Curtiss-Wright Corp. has a 52 week low of $30.64 and a 52 week high of $64.99. The stock has a 50-day moving average of $57.98 and a 200-day moving average of $48.26. The company has a market cap of $3.049 billion and a price-to-earnings ratio of 23.64.
Curtiss-Wright Corp. (NYSE:CW) last released its earnings data on Wednesday, October 30th. The company reported $0.76 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.77 by $0.01. The company had revenue of $600.70 million for the quarter, compared to the consensus estimate of $606.11 million. During the same quarter in the prior year, the company posted $0.24 earnings per share. The company’s quarterly revenue was up 25.4% on a year-over-year basis. On average, analysts predict that Curtiss-Wright Corp. will post $2.86 earnings per share for the current fiscal year.
Curtiss-Wright Corporation is a diversified, multinational provider of engineered, technologically advanced products and services.
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