Rockwell Collins, Inc. (COL) Earns “Hold” Rating from Jefferies Group LLC
Rockwell Collins, Inc. (NYSE:COL)‘s stock had its “hold” rating restated by equities researchers at Jefferies Group LLC in a research note issued on Tuesday. They presently have a $115.00 target price on the aerospace company’s stock. Jefferies Group LLC’s price target would suggest a potential downside of 13.02% from the company’s previous close.
Other equities analysts have also issued research reports about the stock. Canaccord Genuity upgraded shares of Rockwell Collins from a “hold” rating to a “buy” rating and increased their target price for the stock from $108.00 to $125.00 in a research report on Tuesday, August 1st. BidaskClub raised shares of Rockwell Collins from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th. Zacks Investment Research upgraded shares of Rockwell Collins from a “hold” rating to a “buy” rating and set a $121.00 price target on the stock in a research note on Wednesday, July 12th. ValuEngine upgraded shares of Rockwell Collins from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. Finally, Credit Suisse Group restated a “buy” rating and set a $120.00 price target on shares of Rockwell Collins in a research note on Wednesday, July 19th. Two investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $123.46.
Shares of Rockwell Collins (COL) traded up 0.58% on Tuesday, reaching $132.22. The company’s stock had a trading volume of 1,838,920 shares. Rockwell Collins has a 52-week low of $78.54 and a 52-week high of $135.31. The stock has a market cap of $21.48 billion, a P/E ratio of 26.24 and a beta of 0.73. The firm’s 50 day moving average is $129.12 and its 200-day moving average is $111.50.
Rockwell Collins (NYSE:COL) last announced its quarterly earnings data on Friday, July 28th. The aerospace company reported $1.64 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.58 by $0.06. Rockwell Collins had a return on equity of 26.20% and a net margin of 11.52%. The business had revenue of $2.09 billion for the quarter, compared to analysts’ expectations of $2.04 billion. During the same period in the previous year, the business posted $1.63 EPS. The firm’s quarterly revenue was up 57.0% compared to the same quarter last year. On average, equities research analysts forecast that Rockwell Collins will post $6.09 EPS for the current year.
Rockwell Collins announced that its board has initiated a share repurchase program on Friday, July 7th that authorizes the company to buyback $200.00 million in shares. This buyback authorization authorizes the aerospace company to purchase up to 1.2% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its stock is undervalued.
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In related news, Director Harlan Donnley Meade bought 1,666,667 shares of the business’s stock in a transaction that occurred on Friday, September 15th. The stock was bought at an average cost of $0.06 per share, for a total transaction of $100,000.02. Insiders own 1.50% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. grew its position in Rockwell Collins by 27.0% during the second quarter. Vanguard Group Inc. now owns 16,019,594 shares of the aerospace company’s stock valued at $1,683,340,000 after acquiring an additional 3,410,680 shares during the last quarter. BlackRock Inc. raised its stake in shares of Rockwell Collins by 27.9% during the second quarter. BlackRock Inc. now owns 11,315,505 shares of the aerospace company’s stock worth $1,189,034,000 after acquiring an additional 2,466,370 shares in the last quarter. State Street Corp raised its stake in shares of Rockwell Collins by 21.9% during the second quarter. State Street Corp now owns 7,140,178 shares of the aerospace company’s stock worth $750,304,000 after acquiring an additional 1,281,647 shares in the last quarter. FMR LLC raised its stake in shares of Rockwell Collins by 25.4% during the second quarter. FMR LLC now owns 4,238,235 shares of the aerospace company’s stock worth $445,354,000 after acquiring an additional 857,884 shares in the last quarter. Finally, Clearbridge Investments LLC raised its stake in shares of Rockwell Collins by 10.5% during the first quarter. Clearbridge Investments LLC now owns 3,362,286 shares of the aerospace company’s stock worth $326,680,000 after acquiring an additional 319,567 shares in the last quarter. 72.31% of the stock is owned by institutional investors and hedge funds.
Rockwell Collins Company Profile
Rockwell Collins, Inc designs, produces and supports communications and aviation systems for commercial and military customers. The Company provides information management services through voice and data communication networks and solutions across the world. The Company operates through three segments: Commercial Systems, Government Systems and Information Management Services.
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