Ducommun Given New $28.00 Price Target at DA Davidson (DCO)
Equities researchers at DA Davidson boosted their price target on shares of Ducommun (NYSE:DCO) from $25.00 to $28.00 in a research report issued on Tuesday, American Banking News.com reports. The firm currently has a “neutral” rating on the stock. DA Davidson’s price target indicates a potential upside of 12.49% from the stock’s previous close.
A number of other firms have also recently commented on DCO. Analysts at Noble Financial upgraded shares of Ducommun from a “hold” rating to a “buy” rating in a research note on Tuesday, February 18th. They now have a $32.00 price target on the stock. Analysts at Canaccord Genuity downgraded shares of Ducommun from a “buy” rating to a “hold” rating in a research note on Friday, February 14th. They now have a $30.00 price target on the stock, down previously from $34.00. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Ducommun has a consensus rating of “Buy” and an average price target of $31.07.
Ducommun (NYSE:DCO) traded up 3.84% on Tuesday, hitting $24.89. 83,094 shares of the company’s stock traded hands. Ducommun has a 52-week low of $17.79 and a 52-week high of $31.35. The stock’s 50-day moving average is $24.45 and its 200-day moving average is $26.65. The company has a market cap of $269.7 million and a P/E ratio of 27.87.
Ducommun (NYSE:DCO) last posted its quarterly earnings results on Monday, April 28th. The company reported $0.42 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.32 by $0.10. The company had revenue of $179.80 million for the quarter, compared to the consensus estimate of $179.61 million. During the same quarter last year, the company posted $0.35 earnings per share. Ducommun’s revenue was up 2.2% compared to the same quarter last year. On average, analysts predict that Ducommun will post $1.58 earnings per share for the current fiscal year.
Ducommun Incorporated (NYSE:DCO) provides engineering and manufacturing services primarily in the aerospace, defense, industrial, energy, and medical industries.
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