Rockwell Collins Inc. (COL) Receives Buy Rating from Buckingham Research
Rockwell Collins Inc. (NYSE:COL)‘s stock had its “buy” rating reissued by investment analysts at Buckingham Research in a research note issued on Wednesday. They currently have a $97.00 price objective on the stock, down from their previous price objective of $101.00. Buckingham Research’s price target would indicate a potential upside of 17.25% from the stock’s previous close.
Other equities research analysts have also issued reports about the stock. Zacks Investment Research upgraded shares of Rockwell Collins from a “sell” rating to a “hold” rating in a report on Tuesday, July 26th. Canaccord Genuity lowered shares of Rockwell Collins from a “buy” rating to a “hold” rating and cut their target price for the stock from $100.00 to $94.00 in a report on Tuesday, July 26th. Jefferies Group reiterated a “hold” rating and issued a $92.00 target price (down from $96.00) on shares of Rockwell Collins in a report on Wednesday, July 27th. Morgan Stanley assumed coverage on shares of Rockwell Collins in a research report on Thursday, June 23rd. They set an “equal weight” rating for the company. Finally, Argus downgraded shares of Rockwell Collins from a “buy” rating to a “hold” rating in a research report on Friday, August 26th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $91.42.
Rockwell Collins (NYSE:COL) traded down 1.72% during midday trading on Wednesday, hitting $82.73. 1,916,260 shares of the company traded hands. Rockwell Collins has a 12-month low of $76.03 and a 12-month high of $95.11. The firm has a market capitalization of $10.75 billion, a PE ratio of 15.59 and a beta of 0.73. The stock’s 50-day moving average is $83.81 and its 200-day moving average is $86.91.
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Rockwell Collins (NYSE:COL) last posted its earnings results on Monday, July 25th. The company reported $1.63 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.59 by $0.04. The company had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.35 billion. Rockwell Collins had a net margin of 13.54% and a return on equity of 37.06%. The business’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period last year, the business posted $1.33 earnings per share. Analysts anticipate that Rockwell Collins will post $5.50 EPS for the current fiscal year.
In other news, VP Bruce Michael King sold 3,174 shares of the business’s stock in a transaction that occurred on Thursday, July 14th. The shares were sold at an average price of $85.48, for a total value of $271,313.52. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Philip J. Jasper sold 2,184 shares of the business’s stock in a transaction that occurred on Monday, July 11th. The stock was sold at an average price of $85.00, for a total transaction of $185,640.00. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of COL. Kayne Anderson Rudnick Investment Management LLC increased its position in shares of Rockwell Collins by 19.8% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 35,636 shares of the company’s stock worth $3,034,000 after buying an additional 5,900 shares during the period. Mizuho Asset Management Co. Ltd. increased its position in shares of Rockwell Collins by 64.1% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 1,595 shares of the company’s stock worth $136,000 after buying an additional 623 shares during the period. Geode Capital Management LLC increased its position in shares of Rockwell Collins by 9.0% in the first quarter. Geode Capital Management LLC now owns 1,135,941 shares of the company’s stock worth $104,544,000 after buying an additional 93,382 shares during the period. Grandfield & Dodd LLC increased its position in shares of Rockwell Collins by 1.8% in the second quarter. Grandfield & Dodd LLC now owns 144,599 shares of the company’s stock worth $12,311,000 after buying an additional 2,502 shares during the period. Finally, National Pension Service increased its position in shares of Rockwell Collins by 4.6% in the first quarter. National Pension Service now owns 90,068 shares of the company’s stock worth $8,305,000 after buying an additional 3,942 shares during the period. Hedge funds and other institutional investors own 76.45% of the company’s stock.
About Rockwell Collins
Rockwell Collins, Inc is engaged in design, production and support of communications and aviation electronics for commercial and military customers around the world. The Company’s products and systems are focused on aviation applications. It operates in two segments: Government Systems and Commercial Systems.
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