Zacks Upgrades Rockwood Holdings to Neutral (ROC)
Rockwood Holdings (NYSE:ROC) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research report issued on Tuesday, Analyst Ratings Net reports. The firm currently has a $72.30 price objective on the stock. Zacks‘ target price would indicate a potential upside of 1.45% from the stock’s previous close.
A number of other firms have also recently commented on ROC. Analysts at Merrill Lynch upgraded shares of Rockwood Holdings to a “buy” rating in a research note to investors on Friday, December 6th. Separately, analysts at Bank of America Corp. upgraded shares of Rockwood Holdings from a “neutral” rating to a “buy” rating in a research note to investors on Friday, December 6th. They now have a $86.00 price target on the stock, up previously from $75.00. Finally, analysts at Monness Crespi & Hardt upgraded shares of Rockwood Holdings from a “neutral” rating to a “buy” rating in a research note to investors on Wednesday, November 13th. They now have a $80.00 price target on the stock, up previously from $67.00. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Rockwood Holdings currently has a consensus rating of “Buy” and a consensus target price of $77.76.
Shares of Rockwood Holdings (NYSE:ROC) traded up 0.87% during mid-day trading on Tuesday, hitting $71.89. The stock had a trading volume of 202,671 shares. Rockwood Holdings has a one year low of $50.12 and a one year high of $74.67. The stock has a 50-day moving average of $71.07 and a 200-day moving average of $67.24. The company has a market cap of $5.261 billion and a P/E ratio of 4.73.
Rockwood Holdings (NYSE:ROC) last posted its quarterly earnings results on Tuesday, November 12th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.13. The company had revenue of $890.10 million for the quarter, compared to the consensus estimate of $758.23 million. During the same quarter last year, the company posted $0.94 earnings per share. Rockwood Holdings’s revenue was up 3.2% compared to the same quarter last year. Analysts expect that Rockwood Holdings will post $2.09 EPS for the current fiscal year.
Rockwood Holdings, Inc (NYSE:ROC) is a developer, manufacturer and marketer of specialty chemicals and advanced materials used for industrial and commercial purposes.
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