Rockwell Automation Receives New Coverage from Analysts at Buckingham Research (ROK)
Stock analysts at Buckingham Research started coverage on shares of Rockwell Automation (NYSE:ROK) in a report issued on Friday. The firm set a “neutral” rating and a $124.00 price target on the stock. Buckingham Research’s target price suggests a potential upside of 6.00% from the company’s current price.
ROK has been the subject of a number of other recent research reports. Analysts at JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Rockwell Automation in a research note on Tuesday, August 5th. They now have a $119.00 price target on the stock, down previously from $120.00. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Rockwell Automation in a research note on Thursday, July 31st. They now have a $119.00 price target on the stock. Finally, analysts at Canaccord Genuity reiterated a “hold” rating on shares of Rockwell Automation in a research note on Wednesday, July 23rd. They now have a $84.00 price target on the stock, down previously from $88.00. One analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company’s stock. Rockwell Automation currently has a consensus rating of “Hold” and a consensus price target of $119.18.
Rockwell Automation (NYSE:ROK) opened at 116.98 on Friday. Rockwell Automation has a 52-week low of $98.51 and a 52-week high of $128.57. The stock has a 50-day moving average of $116.7 and a 200-day moving average of $121.3. The company has a market cap of $16.128 billion and a P/E ratio of 20.61.
Rockwell Automation (NYSE:ROK) last announced its earnings results on Wednesday, July 30th. The company reported $1.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.57 by $0.08. The company had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.68 billion. During the same quarter in the previous year, the company posted $1.54 earnings per share. The company’s quarterly revenue was up 1.6% on a year-over-year basis. On average, analysts predict that Rockwell Automation will post $6.14 earnings per share for the current fiscal year.
Rockwell Automation, Inc (NYSE:ROK) is a provider of industrial automation power, control and information solutions that help manufacturers achieve a competitive advantage for their businesses.
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