Rockwell Collins Receives Positive Rating from Morgan Stanley (COL)
Rockwell Collins (NYSE:COL)‘s stock had its “positive” rating reiterated by research analysts at Morgan Stanley in a report released on Wednesday, Stock Ratings Network reports.
The analysts wrote, “Upward guidance revision positive but anticipated,” the report noted. “As we noted in our preview (see 4Q13 Preview: Aftermarket Most Likely to Surprise 1/13/14), we expected an upward revision to F2014 guidance to include ARINC as well as less negative sequestration impact. Government Systems sales are now expected to decline mid single digit % compared to high/mid single % previously. However, the fact that we (and most investors we spoke to, as evidenced in part by the stock’s move ahead of EPS) expected guidance to be revised upward this quarter due to the known aforementioned factors rightfully tempered the positive impact of the change on the stock.”
COL has been the subject of a number of other recent research reports. Analysts at JPMorgan Chase & Co. initiated coverage on shares of Rockwell Collins in a research note to investors on Wednesday. They set an “overweight” rating and a $88.00 price target on the stock. Separately, analysts at S&P Equity Research upgraded shares of Rockwell Collins to a “hold” rating in a research note to investors on Tuesday. Finally, analysts at KeyCorp raised their price target on shares of Rockwell Collins from $75.00 to $81.00 in a research note to investors on Friday, January 17th. Twelve analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $75.60.
Rockwell Collins (NYSE:COL) traded up 0.64% during mid-day trading on Wednesday, hitting $78.72. The stock had a trading volume of 729,683 shares. Rockwell Collins has a 52-week low of $57.75 and a 52-week high of $78.36. The stock’s 50-day moving average is $73.82 and its 200-day moving average is $71.50. The company has a market cap of $10.636 billion and a P/E ratio of 17.08.
Rockwell Collins (NYSE:COL) last released its earnings data on Tuesday, January 21st. The company reported $0.96 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.95 by $0.01. The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter last year, the company posted $0.94 earnings per share. Rockwell Collins’s revenue was up .8% compared to the same quarter last year. On average, analysts predict that Rockwell Collins will post $4.43 earnings per share for the current fiscal year.
Rockwell Collins, Inc (NYSE:COL) is engaged in design, production and support of communications and aviation electronics for commercial and military customers worldwide.
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.