Dresser-Rand Group Downgraded by Johnson Rice to Equal Weight (DRC)
Dresser-Rand Group (NYSE:DRC) was downgraded by equities researchers at Johnson Rice from an “overweight” rating to an “equal weight” rating in a research report issued on Tuesday, AnalystRatings.NET reports.
Several other analysts have also recently commented on the stock. Analysts at Natixis downgraded shares of Dresser-Rand Group from a “neutral” rating to a “reduce” rating in a research note on Tuesday. They now have a $48.00 price target on the stock, down previously from $56.00. Separately, analysts at Clarkson Capital upgraded shares of Dresser-Rand Group from a “market perform” rating to an “outperform” rating in a research note on Thursday, January 23rd. They now have a $77.00 price target on the stock, up previously from $65.00. Finally, analysts at Zacks downgraded shares of Dresser-Rand Group from a “neutral” rating to an “underperform” rating in a research note on Friday, January 3rd. They now have a $56.70 price target on the stock. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $66.39.
Dresser-Rand Group (NYSE:DRC) opened at 58.70 on Tuesday. Dresser-Rand Group has a 52 week low of $52.75 and a 52 week high of $67.38. The stock’s 50-day moving average is $58.03 and its 200-day moving average is $59.80. The company has a market cap of $4.478 billion and a P/E ratio of 20.84.
Dresser-Rand Group Inc is a global supplier of of custom-engineered rotating equipment solutions for long-life, critical applications in the oil, gas, chemical, petrochemical, process, power generation, military and other industries worldwide.
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