Dresser-Rand Group Given Consensus Recommendation of “Hold” by Analysts (NYSE:DRC)
Dresser-Rand Group (NYSE:DRC) has earned an average recommendation of “Hold” from the fifteen brokerages that are presently covering the company, American Banking & Market News reports. Two equities research analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and five have given a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $68.27.
Shares of Dresser-Rand Group (NYSE:DRC) opened at 69.30 on Thursday. Dresser-Rand Group has a 52 week low of $51.46 and a 52 week high of $71.91. The stock’s 50-day moving average is $64.32 and its 200-day moving average is $60.78. The company has a market cap of $5.309 billion and a P/E ratio of 41.46.
Dresser-Rand Group (NYSE:DRC) last announced its earnings results on Monday, August 4th. The company reported $0.38 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.69 earnings per share. Dresser-Rand Group’s revenue was down 22.0% compared to the same quarter last year. On average, analysts predict that Dresser-Rand Group will post $2.59 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on DRC shares. 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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