Dresser-Rand Group Lowered to “Market Perform” at Raymond James (DRC)
Dresser-Rand Group (NYSE:DRC) was downgraded by stock analysts at Raymond James to a “market perform” rating in a report issued on Wednesday, Analyst Ratings Net reports.
Shares of Dresser-Rand Group (NYSE:DRC) opened at 54.10 on Wednesday. Dresser-Rand Group has a 52-week low of $51.46 and a 52-week high of $67.38. The stock has a 50-day moving average of $57.84 and a 200-day moving average of $59.71. The company has a market cap of $4.127 billion and a P/E ratio of 20.84.
A number of other firms have also recently commented on DRC. 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 research analysts have rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $66.15.
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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