Dresser-Rand Group Receives Average Rating of “Hold” from Brokerages (NYSE:DRC)
Dresser-Rand Group (NYSE:DRC) has received an average rating of “Hold” from the eighteen brokerages that are currently covering the stock, Stock Ratings Network reports. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $65.54.
Several analysts have recently commented on the stock. Analysts at Robert W. Baird initiated coverage on shares of Dresser-Rand Group in a research note on Tuesday, July 15th. They set a “neutral” rating and a $66.00 price target on the stock. Separately, 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. Finally, 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.
Shares of Dresser-Rand Group (NYSE:DRC) opened at 67.26 on Friday. Dresser-Rand Group has a 52-week low of $51.46 and a 52-week high of $71.91. The stock has a 50-day moving average of $62.78 and a 200-day moving average of $59.42. The company has a market cap of $5.145 billion and a price-to-earnings ratio of 34.21.
Dresser-Rand Group (NYSE:DRC) last issued its quarterly 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 $2.64 earnings per share for the current fiscal year.
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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