Dresser-Rand Group Given Consensus Rating of “Hold” by Analysts (NYSE:DRC)
Dresser-Rand Group (NYSE:DRC) has received a consensus recommendation of “Hold” from the seventeen ratings firms that are presently covering the company, AR Network reports. Two research analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $65.50.
Shares of Dresser-Rand Group (NYSE:DRC) traded up 0.21% on Tuesday, hitting $63.03. 39,401 shares of the company’s stock traded hands. 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 $61.26 and a 200-day moving average of $58.3. The company has a market cap of $4.821 billion and a P/E ratio of 31.78.
Dresser-Rand Group (NYSE:DRC) last released its earnings data on Thursday, May 1st. The company reported $0.22 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.15 by $0.07. The company had revenue of $699.10 million for the quarter, compared to the consensus estimate of $662.85 million. During the same quarter last year, the company posted $0.43 earnings per share. Dresser-Rand Group’s revenue was down 8.8% compared to the same quarter last year. On average, analysts predict that Dresser-Rand Group will post $2.65 earnings per share for the current fiscal year.
DRC has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of Dresser-Rand Group from an “underperform” rating to a “neutral” rating in a research note on Tuesday, May 13th. They now have a $63.00 price target on the stock. Separately, analysts at Global Hunter Securities raised their price target on shares of Dresser-Rand Group from $66.00 to $71.00 in a research note on Monday, May 5th. Finally, analysts at William Blair raised their price target on shares of Dresser-Rand Group from $65.00 to $70.00 in a research note on Monday, May 5th. They now have an “outperform” rating on the stock.
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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