Dresser-Rand Group (DRC) Scheduled to Post Earnings on Monday
Dresser-Rand Group (NYSE:DRC) will release its Q214 earnings data on Monday, August 4th. Analysts expect Dresser-Rand Group to post earnings of $0.40 per share and revenue of $713.46 million for the quarter.
Shares of Dresser-Rand Group (NYSE:DRC) opened at 59.51 on Friday. Dresser-Rand Group has a one year low of $51.46 and a one year high of $71.91. The stock has a 50-day moving average of $62.92 and a 200-day moving average of $59.68. The company has a market cap of $4.552 billion and a P/E ratio of 30.99.
DRC has been the subject of a number of recent research reports. 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. On a related note, 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. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $65.17.
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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