Roper Industries Sets New 52-Week High at $151.74 (ROP)
Roper Industries (NYSE:ROP) hit a new 52-week high during mid-day trading on Wednesday , American Banking & Market News reports. The company traded as high as $151.74 and last traded at $150.91, with a volume of 107,399 shares changing hands. The stock had previously closed at $150.49.
A number of research firms have recently commented on ROP. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of Roper Industries in a research note on Tuesday, July 29th. They now have a $170.00 price target on the stock, up previously from $167.00. Separately, analysts at Barclays raised their price target on shares of Roper Industries from $163.00 to $166.00 in a research note on Tuesday, July 29th. They now have an “overweight” rating on the stock. Finally, analysts at Canaccord Genuity reiterated a “hold” rating on shares of Roper Industries in a research note on Tuesday, July 29th. They now have a $150.00 price target on the stock, up previously from $140.00.
The stock’s 50-day moving average is $145.4 and its 200-day moving average is $139.. The company has a market cap of $15.102 billion and a price-to-earnings ratio of 24.96.
Roper Industries (NYSE:ROP) last announced its earnings results on Monday, July 28th. The company reported $1.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.50 by $0.06. The company had revenue of $885.00 million for the quarter, compared to the consensus estimate of $873.20 million. During the same quarter in the previous year, the company posted $1.31 earnings per share. The company’s revenue for the quarter was up 12.9% on a year-over-year basis. Analysts expect that Roper Industries will post $6.33 EPS for the current fiscal year.
Roper Industries, Inc (NYSE:ROP), designs, manufactures and distributes radio frequency (RF) products, services and application software, industrial technology products, energy systems and controls and medical and scientific imaging products and software.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.