Curtiss-Wright Corp. Rating Increased to Outperform at Zacks (CW)
Curtiss-Wright Corp. (NYSE:CW) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a report issued on Wednesday. The firm currently has a $70.80 target price on the stock. Zacks‘s price objective points to a potential upside of 6.10% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Topeka Capital Markets raised their price target on shares of Curtiss-Wright Corp. from $70.00 to $72.00 in a research note on Wednesday. They now have a “hold” rating on the stock. 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 research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Curtiss-Wright Corp. has an average rating of “Buy” and an average target price of $69.56.
In other Curtiss-Wright Corp. news, CEO David Charles Adams unloaded 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 transaction of $207,883.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of Curtiss-Wright Corp. (NYSE:CW) traded up 3.01% on Wednesday, hitting $68.74. The stock had a trading volume of 124,402 shares. Curtiss-Wright Corp. has a 1-year low of $40.25 and a 1-year high of $70.33. The stock has a 50-day moving average of $64. and a 200-day moving average of $64.43. The company has a market cap of $3.309 billion and a P/E ratio of 20.89.
Curtiss-Wright Corp. (NYSE:CW) last announced its earnings results on Wednesday, July 30th. The company reported $0.74 earnings per share for the quarter, missing the analysts’ 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 prior year, the company posted $0.70 earnings per share. The company’s quarterly revenue 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.
Curtiss-Wright Corporation is a diversified, multinational provider of engineered, technologically advanced products and services.
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