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Rockwell Automation (NYSE:ROK)‘s stock had its “hold” rating restated by research analysts at Canaccord Genuity in a report released on Wednesday. They currently have a $84.00 price target on the stock, down from their previous price target of $88.00. Canaccord Genuity’s price target would indicate a potential downside of 31.69% from the stock’s previous close.

Rockwell Automation (NYSE:ROK) traded down 0.26% during mid-day trading on Wednesday, hitting $122.64. The stock had a trading volume of 423,089 shares. Rockwell Automation has a 1-year low of $90.15 and a 1-year high of $128.57. The stock has a 50-day moving average of $124.6 and a 200-day moving average of $121.3. The company has a market cap of $16.979 billion and a P/E ratio of 21.64.

Rockwell Automation (NYSE:ROK) last released its earnings data on Tuesday, April 29th. The company reported $1.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.44 by $0.09. The company had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.61 billion. During the same quarter in the previous year, the company posted $1.33 earnings per share. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. Analysts expect that Rockwell Automation will post $6.20 EPS for the current fiscal year.

ROK has been the subject of a number of other recent research reports. Analysts at Morgan Stanley raised their price target on shares of Rockwell Automation from $112.00 to $116.00 in a research note on Thursday, July 10th. Separately, analysts at Bank of America initiated coverage on shares of Rockwell Automation in a research note on Friday, May 16th. They set a “buy” rating and a $140.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Rockwell Automation in a research note on Thursday, May 1st. They now have a $125.00 price target on the stock. One research analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company’s stock. Rockwell Automation presently has an average rating of “Hold” and an average price target of $116.00.

Rockwell Automation, Inc (NYSE:ROK) is a provider of industrial automation power, control and information solutions that help manufacturers achieve a competitive advantage for their businesses.

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