Dresser-Rand Group Given Average Recommendation of “Hold” by Analysts (NYSE:DRC)
Dresser-Rand Group (NYSE:DRC) has been given an average recommendation of “Hold” by the fifteen brokerages that are presently covering the stock, AnalystRatings.NET reports. Two equities research analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $68.27.
Shares of Dresser-Rand Group (NYSE:DRC) opened at 68.93 on Thursday. Dresser-Rand Group has a 1-year low of $51.46 and a 1-year high of $71.91. The stock has a 50-day moving average of $63.91 and a 200-day moving average of $60.6. The company has a market cap of $5.281 billion and a P/E ratio of 41.52.
Dresser-Rand Group (NYSE:DRC) last issued its quarterly earnings data on Monday, August 4th. The company reported $0.38 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.40 by $0.02. The company had revenue of $628.40 million for the quarter, compared to the consensus estimate of $713.46 million. During the same quarter in the prior year, the company posted $0.69 earnings per share. The company’s quarterly revenue was down 22.0% on a year-over-year basis. On average, analysts predict that Dresser-Rand Group will post $2.59 earnings per share for the current fiscal year.
A number of research firms have recently commented on DRC. Analysts at Guggenheim upgraded shares of Dresser-Rand Group from a “neutral” rating to a “buy” rating in a research note on Thursday, August 14th. They now have a $100.00 price target on the stock. Separately, analysts at Cowen and Company raised their price target on shares of Dresser-Rand Group from $54.00 to $59.00 in a research note on Wednesday, August 6th. They now have a “market perform” rating on the stock. Finally, analysts at Susquehanna cut their price target on shares of Dresser-Rand Group from $72.00 to $70.00 in a research note on Wednesday, August 6th.
Dresser-Rand Group Inc is a global supplier of of custom-engineered rotating equipment solutions for long-life, critical applications in the oil, gas, chemical, petrochemical, process, power generation, military and other industries worldwide.
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