Curtiss-Wright Corp. Price Target Raised to $72.00 at Topeka Capital Markets (CW)
Analysts at Topeka Capital Markets lifted their price objective on shares of Curtiss-Wright Corp. (NYSE:CW) from $70.00 to $72.00 in a research report issued to clients and investors on Wednesday. The firm currently has a “hold” rating on the stock. Topeka Capital Markets’ price objective points to a potential upside of 7.90% from the company’s current price.
Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Curtiss-Wright Corp. in a research note on Friday, August 1st. They now have a $75.00 price target on the stock. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $69.56.
Shares of Curtiss-Wright Corp. (NYSE:CW) traded up 2.64% during mid-day trading on Wednesday, hitting $68.49. 229,557 shares of the company’s stock traded hands. Curtiss-Wright Corp. has a 52-week low of $40.25 and a 52-week high of $70.33. The stock’s 50-day moving average is $64. and its 200-day moving average is $64.43. The company has a market cap of $3.297 billion and a P/E ratio of 20.89.
Curtiss-Wright Corp. (NYSE:CW) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.77 by $0.03. The company had revenue of $652.00 million for the quarter, compared to the consensus estimate of $647.60 million. During the same quarter in the previous year, the company posted $0.70 earnings per share. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. Analysts expect that Curtiss-Wright Corp. will post $3.61 EPS for the current fiscal year.
In other Curtiss-Wright Corp. news, CEO David Charles Adams sold 3,220 shares of the company’s stock on the open market in a transaction dated Monday, August 4th. The shares were sold at an average price of $64.56, for a total value of $207,883.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Curtiss-Wright Corporation is a diversified, multinational provider of engineered, technologically advanced products and services.
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