Rotork (LON:ROR) Shares Down 10.6% – Time to Sell?

Rotork plc (LON:ROR) traded down 10.6% on Tuesday . The stock traded as low as GBX 323.20 and last traded at GBX 327.99. 5,876,208 shares were traded during trading, a decline of 56% from the average session volume of 13,311,035 shares. The stock had previously closed at GBX 366.80.

Wall Street Analyst Weigh In

ROR has been the subject of a number of analyst reports. Panmure Gordon raised their price target on Rotork from GBX 360 to GBX 370 and gave the stock a “buy” rating in a research report on Thursday, November 20th. JPMorgan Chase & Co. boosted their price objective on shares of Rotork from GBX 390 to GBX 420 and gave the company an “overweight” rating in a research report on Thursday, December 4th. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of GBX 397.

Rotork Stock Down 10.6%

The firm has a market cap of £2.70 billion, a PE ratio of 28.03, a price-to-earnings-growth ratio of 2.48 and a beta of 0.90. The company has a 50-day simple moving average of GBX 358.61 and a 200-day simple moving average of GBX 345.17. The company has a debt-to-equity ratio of 4.20, a current ratio of 2.43 and a quick ratio of 2.16.

Rotork (LON:ROR) last issued its quarterly earnings results on Tuesday, March 10th. The company reported GBX 17 earnings per share for the quarter. Rotork had a return on equity of 17.13% and a net margin of 13.10%. Analysts expect that Rotork plc will post 16.4574899 earnings per share for the current fiscal year.

Rotork declared that its board has initiated a share buyback plan on Wednesday, November 19th that allows the company to buyback 0 shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

About Rotork

Rotork is a market-leading global provider of mission-critical intelligent flow control solutions for oil & gas, water and wastewater, power, chemical process and industrial applications. We help customers around the world to improve efficiency, reduce emissions, minimise their environmental impact and assure safety. Rotork employs about 3,200 people, has manufacturing facilities in more than 17 locations and serves 170 countries through a global service network. Its shares have a premium listing on the London Stock Exchange (symbol: ROR) and are a constituent of the FTSE 250 index.