Zacks Investment Research upgraded shares of Rockwell Collins, Inc. (NYSE:COL) from a sell rating to a hold rating in a report published on Monday.
According to Zacks, “Rockwell Collins continues to be the foremost global supplier of communications and avionics equipment for both commercial and military customers. A diversified portfolio, comprising both commercial and government customers, protects it from risks of reduced orders from either customer class. Notably, Rockwell Collins outperformed the broader industry in last year. However, the company derives a major portion of its revenues from overseas, which exposes it to the risk of currency fluctuations. Moreover, it lacks a stable alternative supplier for certain goods or services. Also, Rockwell Collins generates majority of revenues from fixed-price contracts, exposing its bottom line to cost over-runs.”
Several other research analysts have also weighed in on the company. Royal Bank Of Canada reissued a hold rating and set a $140.00 price target on shares of Rockwell Collins in a research report on Tuesday, October 10th. Canaccord Genuity reaffirmed a hold rating and issued a $140.00 target price on shares of Rockwell Collins in a research report on Friday, October 6th. Jefferies Group LLC reaffirmed a hold rating and issued a $115.00 target price on shares of Rockwell Collins in a research report on Tuesday, October 3rd. ValuEngine lowered Rockwell Collins from a buy rating to a hold rating in a research report on Monday, October 2nd. Finally, SunTrust Banks, Inc. reaffirmed a hold rating on shares of Rockwell Collins in a research report on Monday, October 2nd. One analyst has rated the stock with a sell rating, nineteen have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of Hold and an average target price of $126.22.
Shares of Rockwell Collins (NYSE COL) opened at 134.57 on Monday. The firm has a 50-day moving average price of $131.89 and a 200-day moving average price of $114.65. The firm has a market capitalization of $21.86 billion, a price-to-earnings ratio of 26.71 and a beta of 0.73. Rockwell Collins has a 52 week low of $78.54 and a 52 week high of $135.31.
Rockwell Collins (NYSE:COL) last posted its quarterly earnings results on Friday, July 28th. The aerospace company reported $1.64 earnings per share for the quarter, beating the consensus estimate of $1.58 by $0.06. The firm had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.04 billion. Rockwell Collins had a return on equity of 26.20% and a net margin of 11.52%. Rockwell Collins’s quarterly revenue was up 57.0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.63 earnings per share. On average, equities analysts expect that Rockwell Collins will post $6.10 earnings per share for the current fiscal year.
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Rockwell Collins announced that its Board of Directors has authorized a stock repurchase plan on Friday, July 7th that allows the company to buyback $200.00 million in shares. This buyback authorization allows the aerospace company to reacquire up to 1.2% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.
In other Rockwell Collins news, Director Harlan Donnley Meade bought 1,666,667 shares of the firm’s stock in a transaction that occurred on Friday, September 15th. The stock was purchased at an average price of $0.06 per share, for a total transaction of $100,000.02. 1.50% of the stock is owned by corporate insiders.
A number of large investors have recently made changes to their positions in the stock. CWM LLC boosted its stake in Rockwell Collins by 0.4% during the 2nd quarter. CWM LLC now owns 1,216 shares of the aerospace company’s stock valued at $128,000 after purchasing an additional 5 shares during the period. Janney Capital Management LLC boosted its stake in Rockwell Collins by 0.3% during the 2nd quarter. Janney Capital Management LLC now owns 4,665 shares of the aerospace company’s stock valued at $490,000 after purchasing an additional 15 shares during the period. United Capital Financial Advisers LLC boosted its stake in Rockwell Collins by 0.3% during the 1st quarter. United Capital Financial Advisers LLC now owns 5,783 shares of the aerospace company’s stock valued at $562,000 after purchasing an additional 17 shares during the period. Cleararc Capital Inc. boosted its stake in Rockwell Collins by 0.9% during the 1st quarter. Cleararc Capital Inc. now owns 3,199 shares of the aerospace company’s stock valued at $311,000 after purchasing an additional 28 shares during the period. Finally, Whittier Trust Co. boosted its stake in Rockwell Collins by 3.2% during the 2nd quarter. Whittier Trust Co. now owns 1,141 shares of the aerospace company’s stock valued at $120,000 after purchasing an additional 35 shares during the period. Hedge funds and other institutional investors own 77.75% of the company’s stock.
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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