Rockwell Collins (NYSE:COL) Rating Increased to Buy at Zacks Investment Research
Rockwell Collins (NYSE:COL) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Thursday, January 4th. The firm currently has a $153.00 price objective on the aerospace company’s stock. Zacks Investment Research‘s target price points to a potential upside of 10.85% from the company’s current price.
According to Zacks, “Rockwell Collins continues to be the foremost global supplier of communications and avionics equipment for both commercial and military customers. A diversified portfolio, comprising commercial and government customers, cushions it from risks of reduced orders from either customer group. Moreover, United Technologies has recently agreed to take over Rockwell Collins, which comes as good news for the latter’s shareholders, who are set to enjoy more than 7% premium in terms of share price. shares outperformed the industry's rally over a last year. The company’s shares outperformed the industry's rally over a last year. However, the company derives a major portion of its revenues from overseas, which exposes it to the risk of currency fluctuations.”
Other equities analysts have also recently issued research reports about the company. Royal Bank of Canada set a $140.00 target price on Rockwell Collins and gave the stock a “hold” rating in a report on Sunday, November 12th. Canaccord Genuity reiterated a “hold” rating and issued a $140.00 target price on shares of Rockwell Collins in a report on Friday, October 6th. Jefferies Group reiterated a “hold” rating and issued a $115.00 target price on shares of Rockwell Collins in a report on Tuesday, October 3rd. ValuEngine cut Rockwell Collins from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Finally, SunTrust Banks reiterated a “hold” rating on shares of Rockwell Collins in a report on Monday, October 2nd. One analyst has rated the stock with a sell rating, nineteen have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. Rockwell Collins has an average rating of “Hold” and an average price target of $134.18.
Rockwell Collins (NYSE:COL) last announced its earnings results on Friday, January 26th. The aerospace company reported $1.59 EPS for the quarter, topping the Zacks’ consensus estimate of $1.53 by $0.06. The firm had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $2 billion. Rockwell Collins had a return on equity of 19.58% and a net margin of 10.99%. The company’s quarterly revenue was up 68.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.20 EPS. equities research analysts expect that Rockwell Collins will post 7.13 EPS for the current fiscal year.
In other Rockwell Collins news, VP Tatum J. Buse sold 19,170 shares of the company’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $135.36, for a total value of $2,594,851.20. Following the completion of the sale, the vice president now directly owns 3,722 shares in the company, valued at approximately $503,809.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Douglas E. Stenske sold 3,287 shares of the company’s stock in a transaction on Monday, December 18th. The stock was sold at an average price of $135.00, for a total value of $443,745.00. Following the completion of the sale, the vice president now owns 8,776 shares of the company’s stock, valued at $1,184,760. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 571,812 shares of company stock valued at $77,350,247. 1.10% of the stock is owned by company insiders.
Several hedge funds have recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings 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 worth $1,683,340,000 after buying an additional 3,410,680 shares during the period. BlackRock Inc. raised its position in shares of Rockwell Collins by 27.9% in the 2nd 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 position 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 worth $750,304,000 after acquiring an additional 1,281,647 shares in the last quarter. FMR LLC raised its position in shares of Rockwell Collins by 25.4% in the 2nd 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, Pentwater Capital Management LP bought a new position in shares of Rockwell Collins in the 3rd quarter worth $420,886,000. Institutional investors and hedge funds own 72.23% of the company’s stock.
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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