Royal Bank Of Canada Increases Ducommun (NYSE:DCO) Price Target to $95.00

Ducommun (NYSE:DCO) had its target price lifted by Royal Bank Of Canada from $72.00 to $95.00 in a research note published on Thursday morning,Benzinga reports. Royal Bank Of Canada currently has an outperform rating on the aerospace company’s stock.

A number of other brokerages have also commented on DCO. Truist Financial lifted their price objective on Ducommun from $76.00 to $87.00 and gave the stock a “buy” rating in a research report on Thursday, June 12th. B. Riley restated a “buy” rating on shares of Ducommun in a research report on Wednesday, May 7th. The Goldman Sachs Group boosted their target price on Ducommun from $84.00 to $94.00 and gave the stock a “buy” rating in a research report on Monday, June 23rd. Finally, Wall Street Zen upgraded Ducommun from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, May 7th. Four equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $92.00.

Ducommun Price Performance

Shares of DCO stock opened at $84.77 on Thursday. The stock has a 50-day moving average price of $71.35 and a 200 day moving average price of $64.93. The company has a quick ratio of 2.20, a current ratio of 3.34 and a debt-to-equity ratio of 0.33. The firm has a market cap of $1.26 billion, a price-to-earnings ratio of 36.38 and a beta of 1.36. Ducommun has a 12 month low of $51.76 and a 12 month high of $86.64.

Ducommun (NYSE:DCO) last announced its quarterly earnings data on Tuesday, May 6th. The aerospace company reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.20. The firm had revenue of $194.11 million during the quarter, compared to analyst estimates of $192.30 million. Ducommun had a return on equity of 7.61% and a net margin of 4.45%. The company’s revenue was up 1.7% on a year-over-year basis. During the same period last year, the company earned $0.70 earnings per share. Research analysts expect that Ducommun will post 3.21 EPS for the current year.

Hedge Funds Weigh In On Ducommun

Several institutional investors have recently modified their holdings of DCO. Gibson Capital LLC acquired a new position in shares of Ducommun during the 4th quarter worth about $6,763,000. Raymond James Financial Inc. acquired a new position in shares of Ducommun during the 4th quarter worth about $6,737,000. Kennedy Capital Management LLC grew its position in shares of Ducommun by 60.9% during the 4th quarter. Kennedy Capital Management LLC now owns 273,517 shares of the aerospace company’s stock worth $17,412,000 after buying an additional 103,570 shares during the period. Oberweis Asset Management Inc. acquired a new position in shares of Ducommun during the 4th quarter worth about $6,092,000. Finally, Nuveen LLC bought a new position in shares of Ducommun during the 1st quarter valued at about $5,097,000. 92.15% of the stock is currently owned by institutional investors and hedge funds.

Ducommun Company Profile

Ducommun Incorporated provides engineering and manufacturing services for products and applications used primarily in the aerospace and defense, industrial, medical, and other industries in the United States. The company operates through two segments, Electronic Systems and Structural Systems. The Electronic Systems segment provides cable assemblies and interconnect systems; printed circuit board assemblies; electronic, electromechanical, and mechanical components and assemblies, as well as lightning diversion systems; and radar enclosures, aircraft avionics racks, shipboard communications and control enclosures, printed circuit board assemblies, cable assemblies, wire harnesses, interconnect systems, lightning diversion strips, surge suppressors, conformal shields, and other assemblies.