Rock-Tenn Company Receives Average Rating of “Buy” from Brokerages (NYSE:RKT)
Shares of Rock-Tenn Company (NYSE:RKT) have received a consensus rating of “Buy” from the fourteen brokerages that are presently covering the stock, AnalystRatingsNetwork.com reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and eight have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $118.89.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated an “underperform” rating on shares of Rock-Tenn Company in a research note on Thursday, August 7th. They now have a $89.00 price target on the stock. Separately, analysts at Macquarie downgraded shares of Rock-Tenn Company from an “outperform” rating to a “neutral” rating in a research note on Monday, July 21st. They now have a $106.00 price target on the stock, down previously from $125.00.
Shares of Rock-Tenn Company (NYSE:RKT) opened at 94.85 on Thursday. Rock-Tenn Company has a 52-week low of $92.12 and a 52-week high of $126.05. The stock’s 50-day moving average is $98.42 and its 200-day moving average is $101.9. The company has a market cap of $6.706 billion and a P/E ratio of 13.90. Shares of Rock-Tenn Company are scheduled to split on Thursday, August 28th. The 2-1 split was announced on Monday, July 28th. The newly minted shares will be issued to shareholders after the market closes on Wednesday, August 27th.
Rock-Tenn Company (NYSE:RKT) last announced its earnings results on Tuesday, July 29th. The company reported $1.97 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.80 by $0.17. The company had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.51 billion. During the same quarter last year, the company posted $2.16 earnings per share. Rock-Tenn Company’s revenue was up 3.4% compared to the same quarter last year. On average, analysts predict that Rock-Tenn Company will post $7.10 earnings per share for the current fiscal year.
Rock-Tenn Company (NYSE:RKT) is a North America’s integrated manufacturer of corrugated and consumer packaging.
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