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Shares of Precision Castparts Corp. (NYSE:PCP) hit a new 52-week high during mid-day trading on Monday , Stock Ratings News reports. The company traded as high as $275.09 and last traded at $273.65, with a volume of 309,334 shares. The stock had previously closed at $272.75.

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. Two investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $285.56.

The stock has a 50-day moving average of $253.8 and a 200-day moving average of $257.0. The company has a market cap of $39.620 billion and a P/E ratio of 22.49.

Precision Castparts Corp. (NYSE:PCP) last released its earnings data on Thursday, May 8th. The company reported $3.27 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $2.82 earnings per share. The company’s quarterly revenue was down 99.9% on a year-over-year basis. On average, analysts predict that Precision Castparts Corp. will post $14.20 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Monday, June 30th. Shareholders of record on Friday, June 6th will be paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.04%. The ex-dividend date is Wednesday, June 4th.

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.

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