Rockwell Collins, Inc. (COL) Rating Reiterated by SunTrust Banks, Inc.
COL has been the subject of a number of other reports. Bank of America Corporation lowered their price target on Rockwell Collins from $115.00 to $95.00 and set a neutral rating for the company in a research report on Friday, June 9th. J P Morgan Chase & Co restated an overweight rating and issued a $135.00 price target on shares of Rockwell Collins in a research report on Friday, July 14th. Goldman Sachs Group, Inc. (The) set a $96.00 target price on Rockwell Collins and gave the stock a sell rating in a research note on Tuesday, August 1st. Jefferies Group LLC reiterated a hold rating and issued a $115.00 target price (up previously from $108.00) on shares of Rockwell Collins in a research note on Monday, July 31st. Finally, Vetr upgraded Rockwell Collins from a hold rating to a strong-buy rating and set a $166.10 target price on the stock in a research note on Monday, August 21st. Two investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of Hold and an average target price of $126.22.
Shares of Rockwell Collins (NYSE:COL) traded down 0.17% during midday trading on Monday, reaching $134.71. 1,052,796 shares of the company’s stock traded hands. The company has a 50 day moving average of $131.32 and a 200 day moving average of $113.61. The firm has a market cap of $21.89 billion, a PE ratio of 26.73 and a beta of 0.73. Rockwell Collins has a 52-week low of $78.54 and a 52-week high of $135.31.
Rockwell Collins (NYSE:COL) last posted its earnings results on Friday, July 28th. The aerospace company reported $1.64 EPS for the quarter, beating analysts’ consensus estimates of $1.58 by $0.06. The firm had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.04 billion. Rockwell Collins had a return on equity of 26.20% and a net margin of 11.52%. The company’s quarterly revenue was up 57.0% compared to the same quarter last year. During the same period in the prior year, the company earned $1.63 EPS. On average, equities analysts predict that Rockwell Collins will post $6.09 EPS for the current fiscal year.
Rockwell Collins announced that its board has approved a share 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 buy up to 1.2% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its stock is undervalued.
In other news, Director Harlan Donnley Meade bought 1,666,667 shares of the firm’s stock in a transaction that occurred on Friday, September 15th. The stock was purchased at an average price of $0.06 per share, with a total value of $100,000.02. Insiders own 1.50% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the stock. Fulton Bank N.A. raised its position in Rockwell Collins by 13.8% during the third quarter. Fulton Bank N.A. now owns 3,153 shares of the aerospace company’s stock valued at $413,000 after acquiring an additional 383 shares in the last quarter. Frontier Investment Mgmt Co. purchased a new position in Rockwell Collins during the second quarter valued at approximately $375,000. W. E. Donoghue & Co. LLC purchased a new position in Rockwell Collins during the second quarter valued at approximately $2,215,000. M Holdings Securities Inc. purchased a new position in Rockwell Collins during the second quarter valued at approximately $378,000. Finally, USA Financial Portformulas Corp purchased a new position in Rockwell Collins during the second quarter valued at approximately $4,163,000. Institutional investors own 77.71% of the company’s stock.
About Rockwell Collins
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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