Precision Castparts Corp. Given Average Recommendation of “Buy” by Brokerages (NYSE:PCP)
Precision Castparts Corp. (NYSE:PCP) has been given an average recommendation of “Buy” by the twenty-one analysts that are covering the company, ARN reports. Two analysts have rated the stock with a hold recommendation, fifteen have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $285.56.
A number of research firms have recently commented on PCP. Analysts at Bank of America reiterated a “buy” rating on shares of Precision Castparts Corp. in a research note on Thursday, May 15th. They now have a $300.00 price target on the stock, up previously from $280.00. Separately, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Precision Castparts Corp. in a research note on Friday, May 9th. They now have a $305.00 price target on the stock, down previously from $312.00. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Precision Castparts Corp. in a research note on Friday, May 9th. They now have a $267.00 price target on the stock.
In other Precision Castparts Corp. news, CEO Mark Donegan unloaded 89,752 shares of the stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $254.69, for a total value of $22,858,936.88. Following the transaction, the chief executive officer now directly owns 226,258 shares in the company, valued at approximately $57,625,650. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Precision Castparts Corp. (NYSE:PCP) traded up 0.22% during mid-day trading on Thursday, hitting $246.03. 97,696 shares of the company’s stock traded hands. Precision Castparts Corp. has a 52 week low of $207.15 and a 52 week high of $274.96. The stock’s 50-day moving average is $251.8 and its 200-day moving average is $256.5. The company has a market cap of $35.730 billion and a price-to-earnings ratio of 20.24.
Precision Castparts Corp. (NYSE:PCP) last released its earnings data on Thursday, May 8th. The company reported $3.27 earnings per share for the quarter, beating the analysts’ consensus estimate of $3.20 by $0.07. The company had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.52 billion. During the same quarter last year, the company posted $2.82 earnings per share. Precision Castparts Corp.’s revenue was down 99.9% compared to the same quarter last year. Analysts expect that Precision Castparts Corp. will post $14.16 EPS for the current fiscal year.
Precision Castparts Corp. (NYSE:PCP) is a manufacturer of metal components and products, provides investment castings, forgings and fasteners/fastener systems for critical aerospace and industrial gas turbine (IGT) applications.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.