Rockwell Collins Inc. (COL) Earns “Buy” Rating from Buckingham Research
Buckingham Research reissued their buy rating on shares of Rockwell Collins Inc. (NYSE:COL) in a research report report published on Wednesday. Buckingham Research currently has a $97.00 target price on the stock, down from their prior target price of $101.00.
COL has been the subject of several other reports. Morgan Stanley initiated coverage on Rockwell Collins in a research note on Thursday, June 23rd. They set an equal weight rating for the company. Zacks Investment Research raised Rockwell Collins from a hold rating to a buy rating and set a $94.00 target price for the company in a research note on Monday, June 27th. Jefferies Group reaffirmed a hold rating on shares of Rockwell Collins in a research note on Tuesday, July 5th. Canaccord Genuity downgraded Rockwell Collins from a buy rating to a hold rating and reduced their target price for the stock from $100.00 to $94.00 in a research note on Tuesday, July 26th. Finally, Argus downgraded Rockwell Collins from a buy rating to a hold rating in a research note on Friday, August 26th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company’s stock. Rockwell Collins presently has an average rating of Hold and a consensus target price of $91.42.
Rockwell Collins (NYSE:COL) opened at 82.73 on Wednesday. Rockwell Collins has a 12-month low of $76.03 and a 12-month high of $95.11. The company has a 50 day moving average of $83.81 and a 200-day moving average of $86.91. The stock has a market capitalization of $10.75 billion, a price-to-earnings ratio of 15.59 and a beta of 0.73.
Rockwell Collins (NYSE:COL) last released its quarterly earnings data on Monday, July 25th. The company reported $1.63 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.59 by $0.04. Rockwell Collins had a return on equity of 37.06% and a net margin of 13.54%. The business had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.35 billion. During the same quarter in the prior year, the firm posted $1.33 EPS. The business’s quarterly revenue was up 2.9% compared to the same quarter last year. On average, equities research analysts forecast that Rockwell Collins will post $5.50 earnings per share for the current year.
In other news, VP Bruce Michael King sold 3,174 shares of the stock in a transaction on Thursday, July 14th. The stock was sold at an average price of $85.48, for a total transaction of $271,313.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.30% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in COL. Van ECK Associates Corp boosted its position in Rockwell Collins by 31.8% in the second quarter. Van ECK Associates Corp now owns 1,340 shares of the company’s stock worth $114,000 after buying an additional 323 shares in the last quarter. Cantab Capital Partners LLP boosted its position in Rockwell Collins by 1,109.2% in the second quarter. Cantab Capital Partners LLP now owns 1,451 shares of the company’s stock worth $124,000 after buying an additional 1,331 shares in the last quarter. Mizuho Asset Management Co. Ltd. boosted its position in Rockwell Collins by 64.1% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 1,595 shares of the company’s stock worth $136,000 after buying an additional 623 shares in the last quarter. Point72 Asia Hong Kong Ltd acquired a new position in Rockwell Collins during the second quarter worth $193,000. Finally, Stratos Wealth Partners LTD. boosted its position in Rockwell Collins by 0.9% in the first quarter. Stratos Wealth Partners LTD. now owns 2,185 shares of the company’s stock worth $202,000 after buying an additional 20 shares in the last quarter. Institutional investors and hedge funds own 76.45% of the company’s stock.
About Rockwell Collins
Rockwell Collins, Inc is engaged in design, production and support of communications and aviation electronics for commercial and military customers around the world. The Company’s products and systems are focused on aviation applications. It operates in two segments: Government Systems and Commercial Systems.
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