Canaccord Genuity reiterated their hold rating on shares of Rockwell Collins, Inc. (NYSE:COL) in a research report released on Friday morning. Canaccord Genuity currently has a $140.00 target price on the aerospace company’s stock.
COL has been the subject of a number of other research reports. Vetr raised shares of Rockwell Collins from a hold rating to a strong-buy rating and set a $166.10 target price for the company in a report on Monday, August 21st. Morgan Stanley set a $135.00 target price on shares of Rockwell Collins and gave the stock a buy rating in a report on Thursday, August 17th. Citigroup Inc. increased their target price on shares of Rockwell Collins from $93.00 to $140.00 and gave the stock a neutral rating in a report on Tuesday, August 15th. Credit Suisse Group reissued a neutral rating on shares of Rockwell Collins in a report on Friday, September 1st. Finally, BidaskClub cut shares of Rockwell Collins from a hold rating to a sell rating in a report on Tuesday, August 1st. Two analysts have rated the stock with a sell rating, eighteen have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of Hold and a consensus price target of $126.22.
Shares of Rockwell Collins (NYSE:COL) opened at 133.20 on Friday. The firm has a 50-day moving average of $130.28 and a 200 day moving average of $112.76. Rockwell Collins has a 52-week low of $78.54 and a 52-week high of $135.31. The firm has a market cap of $21.64 billion, a PE ratio of 26.43 and a beta of 0.73.
Rockwell Collins (NYSE:COL) last posted its earnings results on Friday, July 28th. The aerospace company reported $1.64 EPS for the quarter, topping analysts’ consensus estimates of $1.58 by $0.06. The firm had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.04 billion. Rockwell Collins had a net margin of 11.52% and a return on equity of 26.20%. The business’s revenue for the quarter was up 57.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.63 earnings per share. On average, equities analysts predict that Rockwell Collins will post $6.09 earnings per share for the current year.
Rockwell Collins announced that its Board of Directors has approved a stock repurchase program on Friday, July 7th that authorizes the company to buyback $200.00 million in shares. This buyback authorization authorizes the aerospace company to buy up to 1.2% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its stock is undervalued.
In other Rockwell Collins news, Director Harlan Donnley Meade purchased 1,666,667 shares of Rockwell Collins stock in a transaction that occurred on Friday, September 15th. The stock was acquired at an average price of $0.06 per share, with a total value of $100,000.02. Company insiders own 1.50% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Fulton Bank N.A. grew its position in Rockwell Collins by 13.8% in the 3rd quarter. Fulton Bank N.A. now owns 3,153 shares of the aerospace company’s stock valued at $413,000 after purchasing an additional 383 shares during the period. Frontier Investment Mgmt Co. acquired a new stake in Rockwell Collins in the 2nd quarter valued at $375,000. W. E. Donoghue & Co. LLC acquired a new stake in Rockwell Collins in the 2nd quarter valued at $2,215,000. M Holdings Securities Inc. acquired a new stake in Rockwell Collins in the 2nd quarter valued at $378,000. Finally, USA Financial Portformulas Corp acquired a new stake in Rockwell Collins in the 2nd quarter valued at $4,163,000. 77.71% of the stock is owned by institutional investors and hedge funds.
About Rockwell Collins
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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