Deutsche Bank Upgrades Rockwell Collins to Buy (COL)
Rockwell Collins (NYSE:COL) was upgraded by Deutsche Bank from a “hold” rating to a “buy” rating in a research note issued on Thursday, TheFlyOnTheWall.com reports. The firm currently has a $95.00 target price on the stock, up from their previous target price of $82.00. Deutsche Bank’s price objective suggests a potential upside of 19.96% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Canaccord Genuity raised their price target on shares of Rockwell Collins from $63.00 to $80.00 in a research note to investors on Wednesday. They now have a “hold” rating on the stock. Separately, analysts at Morgan Stanley reiterated a “positive” rating on shares of Rockwell Collins in a research note to investors on Wednesday. Finally, 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. Eleven analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $77.33.
Shares of Rockwell Collins (NYSE:COL) opened at 79.33 on Thursday. Rockwell Collins has a one year low of $57.75 and a one year high of $79.57. The stock has a 50-day moving average of $74. and a 200-day moving average of $71.60. The company has a market cap of $10.719 billion and a price-to-earnings ratio of 17.29.
Rockwell Collins (NYSE:COL) last announced its earnings results 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 in the prior year, the company posted $0.94 earnings per share. The company’s quarterly revenue was up .8% on a year-over-year basis. 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.
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