Rowan Companies PLC Receives Average Recommendation of “Hold” from Brokerages (NYSE:RDC)
Shares of Rowan Companies PLC (NYSE:RDC) have been given a consensus recommendation of “Hold” by the twenty-five analysts that are covering the stock, Analyst RN reports. Two research analysts have rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $39.72.
Rowan Companies PLC (NYSE:RDC) traded down 0.52% during mid-day trading on Tuesday, hitting $30.50. 205,675 shares of the company’s stock traded hands. Rowan Companies PLC has a one year low of $30.01 and a one year high of $38.65. The stock’s 50-day moving average is $32.18 and its 200-day moving average is $33.87. The company has a market cap of $3.789 billion and a P/E ratio of 15.10.
Rowan Companies PLC (NYSE:RDC) last announced its earnings results on Thursday, February 27th. The company reported $0.42 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.41 by $0.01. The company had revenue of $393.40 million for the quarter, compared to the consensus estimate of $389.21 million. During the same quarter in the prior year, the company posted $0.63 earnings per share. The company’s quarterly revenue was up 11.1% on a year-over-year basis. On average, analysts predict that Rowan Companies PLC will post $2.53 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on RDC shares. Analysts at Zacks upgraded shares of Rowan Companies PLC from an “underperform” rating to a “neutral” rating in a research note on Wednesday, April 16th. They now have a $32.00 price target on the stock. Separately, analysts at Barclays cut their price target on shares of Rowan Companies PLC from $48.00 to $44.00 in a research note on Tuesday, April 8th. Finally, analysts at Morgan Stanley downgraded shares of Rowan Companies PLC from an “equal weight” rating to an “underweight” rating in a research note on Monday, April 7th. They now have a $33.00 price target on the stock, down previously from $42.00.
Rowan Companies plc, formerly Rowan Companies, Inc, is a provider of international and domestic offshore contract drilling services.
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