Dresser-Rand Group Reaches New 12-Month Low at $51.46 (DRC)
Shares of Dresser-Rand Group (NYSE:DRC) hit a new 52-week low during trading on Tuesday , AnalystRatings.NET reports. The company traded as low as $51.46 and last traded at $53.96, with a volume of 6,173,907 shares traded. The stock had previously closed at $58.70.
Several analysts have recently commented on the stock. Analysts at Johnson Rice downgraded shares of Dresser-Rand Group from an “overweight” rating to an “equal weight” rating in a research note on Tuesday. Separately, 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. Finally, 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. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $66.39.
The stock’s 50-day moving average is $57.84 and its 200-day moving average is $59.71. The company has a market cap of $4.127 billion and a price-to-earnings 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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