Brokerages Set Rockwell Collins Inc. (NYSE:COL) PT at $91.00
Shares of Rockwell Collins Inc. (NYSE:COL) have been assigned a consensus rating of “Hold” from the fifteen research firms that are currently covering the firm. Two research analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and four have given a buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $91.00.
Several brokerages have commented on COL. Robert W. Baird began coverage on Rockwell Collins in a report on Wednesday. They set a “neutral” rating and a $90.00 price target on the stock. Buckingham Research reissued a “buy” rating and issued a $97.00 price objective (down from $101.00) on shares of Rockwell Collins in a research report on Wednesday. Zacks Investment Research cut Rockwell Collins from a “hold” rating to a “sell” rating in a research report on Tuesday, October 4th. Argus cut Rockwell Collins from a “buy” rating to a “hold” rating in a research report on Friday, August 26th. Finally, Jefferies Group reissued a “hold” rating and issued a $92.00 price objective on shares of Rockwell Collins in a research report on Wednesday, August 10th.
In other news, CEO Robert Kelly Ortberg sold 25,474 shares of the firm’s stock in a transaction on Monday, July 11th. The stock was sold at an average price of $84.97, for a total value of $2,164,525.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Philip J. Jasper sold 2,184 shares of the firm’s stock in a transaction on Monday, July 11th. The shares were sold at an average price of $85.00, for a total value of $185,640.00. The disclosure for this sale can be found here. 1.30% of the stock is owned by insiders.
Several hedge funds have recently made changes to their positions in COL. Van ECK Associates Corp raised its stake in shares of Rockwell Collins by 31.8% in the second quarter. Van ECK Associates Corp now owns 1,340 shares of the company’s stock worth $114,000 after buying an additional 323 shares during the period. Cantab Capital Partners LLP raised its stake in shares of Rockwell Collins by 1,109.2% in the second quarter. Cantab Capital Partners LLP now owns 1,451 shares of the company’s stock worth $124,000 after buying an additional 1,331 shares during the period. Mizuho Asset Management Co. Ltd. raised its stake in shares of Rockwell Collins by 64.1% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 1,595 shares of the company’s stock worth $136,000 after buying an additional 623 shares during the period. Stratos Wealth Partners LTD. raised its stake in shares of Rockwell Collins by 0.9% in the first quarter. Stratos Wealth Partners LTD. now owns 2,185 shares of the company’s stock worth $202,000 after buying an additional 20 shares during the period. Finally, Point72 Asia Hong Kong Ltd acquired a new stake in shares of Rockwell Collins during the second quarter worth $193,000. Institutional investors own 76.45% of the company’s stock.
Rockwell Collins (NYSE:COL) opened at 82.73 on Thursday. Rockwell Collins has a 52-week low of $76.03 and a 52-week high of $95.11. The company has a market cap of $10.75 billion, a price-to-earnings ratio of 15.59 and a beta of 0.73. The stock’s 50 day moving average is $83.81 and its 200 day moving average is $86.91.
Rockwell Collins (NYSE:COL) last announced its quarterly earnings results on Monday, July 25th. The company reported $1.63 EPS for the quarter, beating the consensus estimate of $1.59 by $0.04. Rockwell Collins had a return on equity of 37.06% and a net margin of 13.54%. The company had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.35 billion. During the same quarter last year, the company posted $1.33 earnings per share. The company’s revenue for the quarter was up 2.9% compared to the same quarter last year. On average, analysts predict that Rockwell Collins will post $5.50 earnings per share for the current fiscal year.
Rockwell Collins Company Profile
Rockwell Collins, Inc is engaged in design, production and support of communications and aviation electronics for commercial and military customers around the world. The Company’s products and systems are focused on aviation applications. It operates in two segments: Government Systems and Commercial Systems.
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