Rock-Tenn Company Given Buy Rating at Deutsche Bank (RKT)
Rock-Tenn Company (NYSE: RKT)‘s stock had its “buy” rating restated by equities researchers at Deutsche Bank in a report issued on Tuesday. They currently have a $100.00 target price on the stock, up from their previous target price of $85.00.
Shares of Rock-Tenn Company traded up 0.28% during mid-day trading on Tuesday, hitting $88.27. Rock-Tenn Company has a one year low of $49.24 and a one year high of $89.49. The stock’s 50-day moving average is currently $81.11. The company has a market cap of $6.287 billion and a P/E ratio of 24.66.
Rock-Tenn Company last announced its earnings results on Tuesday, January 22nd. The company reported $1.35 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.27 by $0.08. The company had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.31 billion. During the same quarter in the prior year, the company posted $1.18 earnings per share. The company’s quarterly revenue was up .9% on a year-over-year basis. On average, analysts predict that Rock-Tenn Company will post $6.13 earnings per share for the current fiscal year.
A number of other firms have also recently commented on RKT. Analysts at Jefferies Group raised their price target on shares of Rock-Tenn Company to $12.00 in a research note to investors on Monday, February 25th. Finally, analysts at BMO Capital Markets reiterated an “outperform” rating on shares of Rock-Tenn Company in a research note to investors on Monday, February 25th. They now have a $102.00 price target on the stock, up previously from $95.00.
Rock-Tenn Company (RockTenn) is a North America’s integrated manufacturer of corrugated and consumer packaging.