Rockwell Collins (NYSE:COL) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Monday, April 9th. The firm currently has a $152.00 target price on the aerospace company’s stock. Zacks Investment Research‘s price target points to a potential upside of 13.98% from the company’s current price.
According to Zacks, “Rockwell Collins' solid financial position has enabled the company to outperform its broader industry in past one year. An improving liquidity position enables Rockwell Collins to pursue share buyback and payment of regular dividend. The company’s balanced exposure to it's customers allows it to use government funding to develop products for the dual-end market. The company continues to be the primary global supplier of communications and avionics equipment for both commercial and military customers. Rockwell Collins has an unwavering focus on research and development (R&D), which enables it to clinch lucrative deals. Under its R&D program, the company invested $305 million in first-quarter fiscal 2018, representing 45.2% annual growth. However, Rockwell Collins has to keep upgrading its technology, in case it loses out to competitors developing better products, resulting in heavy expenditure on R&D.”
COL has been the topic of several other reports. Cowen reissued a “hold” rating and issued a $135.00 target price on shares of Rockwell Collins in a research note on Friday, January 26th. Royal Bank of Canada reissued a “hold” rating and issued a $143.00 target price on shares of Rockwell Collins in a research note on Friday, April 6th. ValuEngine raised Rockwell Collins from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Canaccord Genuity cut their price objective on Rockwell Collins from $140.00 to $137.00 and set a “hold” rating on the stock in a research report on Tuesday, January 30th. Finally, Wells Fargo cut Rockwell Collins from an “outperform” rating to a “market perform” rating in a research report on Tuesday, January 16th. One analyst has rated the stock with a sell rating, eighteen have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Hold” and an average price target of $133.42.
Rockwell Collins (NYSE:COL) last released its quarterly earnings data on Friday, January 26th. The aerospace company reported $1.59 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.53 by $0.06. The firm had revenue of $2.01 billion for the quarter, compared to the consensus estimate 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 earnings per share. analysts predict that Rockwell Collins will post 7.22 earnings per share for the current year.
Institutional investors have recently modified their holdings of the stock. Fieldpoint Private Securities LLC bought a new position in Rockwell Collins in the 3rd quarter worth $100,000. Tower Research Capital LLC TRC bought a new position in shares of Rockwell Collins during the 4th quarter valued at about $118,000. Cerebellum GP LLC bought a new position in shares of Rockwell Collins during the 4th quarter valued at about $130,000. Keeler Thomas Management LLC bought a new position in shares of Rockwell Collins during the 4th quarter valued at about $135,000. Finally, North Star Investment Management Corp. boosted its holdings in shares of Rockwell Collins by 1,010.1% during the 4th quarter. North Star Investment Management Corp. now owns 1,099 shares of the aerospace company’s stock valued at $149,000 after purchasing an additional 1,000 shares during the last quarter. 67.64% of the stock is owned by institutional investors.
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Rockwell Collins Company Profile
Rockwell Collins, Inc designs, produces, and supports communications and aviation systems worldwide. The company's Interior Systems segment offers commercial aircraft seats; galley structures, food and beverage preparation equipment, and water and waste systems; oxygen and passenger service equipment; cabin lighting systems; and business jet and general aviation interior products.
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