Rock-Tenn Receives Consensus Rating of “Buy” from Brokerages (NYSE:RKT)
Rock-Tenn (NYSE:RKT) has earned a consensus rating of “Buy” from the fifteen brokerages that are currently covering the company, Analyst Ratings Net reports. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $119.94.
Shares of Rock-Tenn (NYSE:RKT) traded up 1.01% on Thursday, hitting $100.92. 36,993 shares of the company’s stock traded hands. Rock-Tenn has a 1-year low of $79.12 and a 1-year high of $126.05. The stock’s 50-day moving average is $101.6 and its 200-day moving average is $105.. The company has a market cap of $7.397 billion and a P/E ratio of 9.74.
Rock-Tenn (NYSE:RKT) last posted its quarterly earnings results on Wednesday, January 29th. The company reported $1.66 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.78 by $0.12. The company had revenue of $2.36 billion for the quarter, compared to the consensus estimate of $2.41 billion. During the same quarter in the previous year, the company posted $1.35 earnings per share. The company’s revenue for the quarter was up 3.3% on a year-over-year basis. On average, analysts predict that Rock-Tenn will post $8.16 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, February 24th. Investors of record on Tuesday, February 11th will be given a dividend of 0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date of this dividend is Friday, February 7th.
A number of research firms have recently commented on RKT. Analysts at Buckingham Research upgraded shares of Rock-Tenn from a “neutral” rating to a “buy” rating in a research note to investors on Monday. Separately, analysts at Zacks upgraded shares of Rock-Tenn from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday, January 7th. They now have a $104.50 price target on the stock. Finally, analysts at Ned Davis Research upgraded shares of Rock-Tenn from a “neutral” rating to a “buy” rating in a research note to investors on Monday, December 30th.
Rock-Tenn Company (NYSE:RKT) is a North America’s integrated manufacturer of corrugated and consumer packaging.
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