Sanford C. Bernstein Downgrades Rockwell Collins, Inc. (NYSE:COL) to Market Perform

Rockwell Collins, Inc. (NYSE:COL) was downgraded by research analysts at Sanford C. Bernstein from an “outperform” rating to a “market perform” rating in a report issued on Monday, September 11th, Marketbeat reports. They presently have a $137.00 target price on the aerospace company’s stock. Sanford C. Bernstein’s price objective would suggest a potential upside of 4.81% from the stock’s previous close.

Several other equities research analysts also recently issued reports on the company. Credit Suisse Group restated a “buy” rating and issued a $120.00 price target on shares of Rockwell Collins in a report on Wednesday, July 19th. 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 report on Friday, June 9th. Goldman Sachs Group, Inc. (The) set a $96.00 price target on Rockwell Collins and gave the stock a “sell” rating in a report on Tuesday, August 1st. Morgan Stanley set a $135.00 price target on Rockwell Collins and gave the stock a “buy” rating in a report on Thursday, August 17th. Finally, BidaskClub downgraded Rockwell Collins from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. One equities research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $123.46.

Shares of Rockwell Collins (NYSE:COL) opened at 130.71 on Monday. The firm’s 50-day moving average price is $126.75 and its 200-day moving average price is $109.38. The firm has a market capitalization of $21.24 billion, a price-to-earnings ratio of 25.94 and a beta of 0.75. Rockwell Collins has a 12 month low of $78.54 and a 12 month high of $135.31.

Rockwell Collins (NYSE:COL) last announced its quarterly earnings results on Friday, July 28th. The aerospace company reported $1.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.58 by $0.06. Rockwell Collins had a return on equity of 26.20% and a net margin of 11.52%. The company had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.04 billion. During the same period in the prior year, the company earned $1.63 earnings per share. The company’s revenue for the quarter was up 57.0% compared to the same quarter last year. On average, equities analysts anticipate that Rockwell Collins will post $6.09 earnings per share for the current year.

Rockwell Collins announced that its board has initiated a share buyback plan on Friday, July 7th that allows the company to repurchase $200.00 million in shares. This repurchase authorization allows the aerospace company to repurchase up to 1.2% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

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In other Rockwell Collins news, Director Harlan Donnley Meade acquired 1,666,667 shares of the business’s stock in a transaction dated Friday, September 15th. The stock was bought at an average cost of $0.06 per share, with a total value of $100,000.02. Company insiders own 1.50% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. NEXT Financial Group Inc lifted its position in shares of Rockwell Collins by 35.7% in the second quarter. NEXT Financial Group Inc now owns 950 shares of the aerospace company’s stock valued at $100,000 after buying an additional 250 shares during the last quarter. Jacobi Capital Management LLC lifted its position in shares of Rockwell Collins by 30.0% in the second quarter. Jacobi Capital Management LLC now owns 1,001 shares of the aerospace company’s stock valued at $108,000 after buying an additional 231 shares during the last quarter. Highlander Capital Management LLC lifted its position in shares of Rockwell Collins by 106.0% in the second quarter. Highlander Capital Management LLC now owns 1,024 shares of the aerospace company’s stock valued at $108,000 after buying an additional 527 shares during the last quarter. Whittier Trust Co. lifted its position in shares of Rockwell Collins by 3.2% in the second quarter. Whittier Trust Co. now owns 1,141 shares of the aerospace company’s stock valued at $120,000 after buying an additional 35 shares during the last quarter. Finally, Global X Management Co. LLC lifted its position in shares of Rockwell Collins by 31.1% in the first quarter. Global X Management Co. LLC now owns 1,173 shares of the aerospace company’s stock valued at $114,000 after buying an additional 278 shares during the last quarter. 72.31% of the stock is owned by institutional investors.

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.

Analyst Recommendations for Rockwell Collins (NYSE:COL)

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