Ducommun’s Hold Rating Reaffirmed at Topeka Capital Markets (DCO)
Ducommun (NYSE:DCO)‘s stock had its “hold” rating restated by analysts at Topeka Capital Markets in a research report issued to clients and investors on Wednesday. They currently have a $30.00 price objective on the stock, up from their previous price objective of $27.00. Topeka Capital Markets’ price objective points to a potential downside of 4.25% from the company’s current price.
A number of other analysts have also recently weighed in on DCO. Analysts at DA Davidson downgraded shares of Ducommun from a “buy” rating to a “neutral” rating in a research note on Friday, August 15th. They now have a $34.00 price target on the stock, up previously from $28.00. Separately, analysts at Zacks upgraded shares of Ducommun from a “neutral” rating to an “outperform” rating in a research note on Wednesday, July 30th. They now have a $29.80 price target on the stock. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $32.54.
Ducommun (NYSE:DCO) traded down 0.73% on Wednesday, hitting $31.10. 40,511 shares of the company’s stock traded hands. Ducommun has a 52 week low of $22.45 and a 52 week high of $32.00. The stock’s 50-day moving average is $27.43 and its 200-day moving average is $25.82. The company has a market cap of $338.9 million and a P/E ratio of 30.84.
Ducommun (NYSE:DCO) last posted its quarterly earnings results on Monday, July 28th. The company reported $0.59 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.44 by $0.15. The company had revenue of $186.50 million for the quarter, compared to the consensus estimate of $189.63 million. During the same quarter last year, the company posted $0.51 earnings per share. Ducommun’s revenue was down 2.6% compared to the same quarter last year. Analysts expect that Ducommun will post $1.92 EPS for the current fiscal year.
Ducommun Incorporated (NYSE:DCO) provides engineering and manufacturing services primarily in the aerospace, defense, industrial, energy, and medical industries.
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