Roper Industries Price Target Raised to $135.00 at Canaccord Genuity (ROP)
Stock analysts at Canaccord Genuity upped their price objective on shares of Roper Industries (NYSE:ROP) from $128.00 to $135.00 in a report issued on Tuesday, Stock Ratings Network.com reports. The firm currently has a “hold” rating on the stock. Canaccord Genuity’s price target would suggest a potential downside of 0.30% from the stock’s previous close.
Shares of Roper Industries (NYSE:ROP) traded up 1.71% on Tuesday, hitting $137.73. 450,340 shares of the company’s stock traded hands. Roper Industries has a one year low of $116.45 and a one year high of $142.53. The stock has a 50-day moving average of $136.5 and a 200-day moving average of $130.5. The company has a market cap of $13.678 billion and a price-to-earnings ratio of 26.20.
Roper Industries (NYSE:ROP) last announced its earnings results on Monday, January 27th. The company reported $1.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.60 by $0.05. The company had revenue of $889.00 million for the quarter, compared to the consensus estimate of $881.27 million. During the same quarter last year, the company posted $1.48 earnings per share. Roper Industries’s revenue was up 9.8% compared to the same quarter last year. On average, analysts predict that Roper Industries will post $5.60 earnings per share for the current fiscal year.
Roper Industries, Inc (NYSE:ROP) designs, manufactures and distributes radio frequency (RF) products, services and application software, industrial technology products, energy systems and controls and medical and scientific imaging products and software.
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