Rockwell Collins, Inc. (COL) Receives Average Rating of “Hold” from Analysts
Shares of Rockwell Collins, Inc. (NYSE:COL) have been assigned a consensus rating of “Hold” from the twenty-five research firms that are presently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, eighteen have given a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $130.41.
A number of research firms recently issued reports on COL. Goldman Sachs Group, Inc. (The) set a $96.00 price target on Rockwell Collins and gave the company a “sell” rating in a report on Tuesday, August 1st. J P Morgan Chase & Co reaffirmed an “overweight” rating and issued a $135.00 price target on shares of Rockwell Collins in a report on Friday, July 14th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $115.00 price target (up from $108.00) on shares of Rockwell Collins in a report on Monday, July 31st. Vetr raised Rockwell Collins from a “hold” rating to a “strong-buy” rating and set a $166.10 price target for the company in a report on Monday, August 21st. Finally, Canaccord Genuity cut Rockwell Collins from a “buy” rating to a “hold” rating in a report on Wednesday, September 6th.
In other news, Director Harlan Donnley Meade acquired 1,666,667 shares of the company’s stock in a transaction on Friday, September 15th. The stock was purchased at an average cost of $0.06 per share, with a total value of $100,000.02. Insiders own 1.50% of the company’s stock.
Several hedge funds have recently made changes to their positions in COL. BlackRock Inc. increased its stake in shares of Rockwell Collins by 3,360.5% in the 1st quarter. BlackRock Inc. now owns 8,849,135 shares of the aerospace company’s stock valued at $859,783,000 after acquiring an additional 8,593,416 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Rockwell Collins by 27.0% in the 2nd 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. Epoch Investment Partners Inc. increased its stake in shares of Rockwell Collins by 186.0% in the 2nd quarter. Epoch Investment Partners Inc. now owns 2,028,189 shares of the aerospace company’s stock valued at $213,122,000 after acquiring an additional 1,319,020 shares during the last quarter. Franklin Resources Inc. increased its stake in shares of Rockwell Collins by 76.0% in the 2nd quarter. Franklin Resources Inc. now owns 2,999,186 shares of the aerospace company’s stock valued at $315,130,000 after acquiring an additional 1,295,052 shares during the last quarter. Finally, State Street Corp increased its stake in shares of Rockwell Collins by 21.9% in the 2nd quarter. State Street Corp now owns 7,140,178 shares of the aerospace company’s stock valued at $750,304,000 after acquiring an additional 1,281,647 shares during the last quarter. 77.71% of the stock is owned by institutional investors.
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Rockwell Collins (COL) opened at 133.96 on Wednesday. The firm has a market cap of $21.77 billion, a PE ratio of 26.58 and a beta of 0.73. The firm’s 50-day moving average is $130.57 and its 200 day moving average is $113.03. Rockwell Collins has a 1-year low of $78.54 and a 1-year high of $135.31.
Rockwell Collins (NYSE:COL) last released its quarterly earnings results 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 during the quarter, compared to analysts’ expectations of $2.04 billion. During the same period in the previous year, the business posted $1.63 earnings per share. The firm’s revenue for the quarter was up 57.0% compared to the same quarter last year. On average, equities analysts forecast that Rockwell Collins will post $6.09 earnings per share for the current fiscal year.
Rockwell Collins announced that its Board of Directors has authorized a stock buyback program on Friday, July 7th that permits the company to buyback $200.00 million in shares. This buyback authorization permits the aerospace company to repurchase up to 1.2% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s management believes its stock is undervalued.
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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