Rockwell Collins (NYSE:COL) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Thursday. The firm presently has a $150.00 price target on the aerospace company’s stock. Zacks Investment Research‘s price target indicates a potential upside of 13.12% from the company’s previous close.

According to Zacks, “Rockwell Collins continues to be the primary global supplier of communications and avionics equipment for both commercial and military customers. Its balanced exposure to both types of customers allows it to use government funding to develop products for the dual-end market. Rockwell Collins has an unwavering focus on research and development (R&D), which enables it to clinch lucrative deals. Under its R&D program, it invested $351 million in third-quarter fiscal 2018, representing 17.4% annual growth. However, it may be challenged by the changes in economic conditions and political turmoil. Further, Rockwell Collins also underperformed its industry in the past one year.”

COL has been the subject of a number of other research reports. ValuEngine lowered shares of Rockwell Collins from a “buy” rating to a “hold” rating in a report on Wednesday, July 11th. Cowen reiterated a “hold” rating and issued a $135.00 price objective on shares of Rockwell Collins in a report on Friday, July 27th. Finally, Seaport Global Securities reiterated a “neutral” rating on shares of Rockwell Collins in a report on Monday, September 17th. Seven analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $141.00.

NYSE COL traded down $0.99 during trading hours on Thursday, reaching $132.60. The company’s stock had a trading volume of 42,171 shares, compared to its average volume of 1,315,197. The firm has a market cap of $23.09 billion, a PE ratio of 21.59, a price-to-earnings-growth ratio of 1.86 and a beta of 0.65. Rockwell Collins has a 52 week low of $130.01 and a 52 week high of $142.61. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.65 and a quick ratio of 0.84.

Rockwell Collins (NYSE:COL) last issued its quarterly earnings data on Friday, July 27th. The aerospace company reported $1.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.89 by ($0.16). The business had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.23 billion. Rockwell Collins had a net margin of 11.70% and a return on equity of 17.75%. The firm’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter last year, the business earned $1.64 EPS. As a group, research analysts anticipate that Rockwell Collins will post 7.14 earnings per share for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in the business. UMB Bank N A MO increased its stake in shares of Rockwell Collins by 23.8% in the 2nd quarter. UMB Bank N A MO now owns 1,953 shares of the aerospace company’s stock valued at $263,000 after acquiring an additional 376 shares in the last quarter. TD Asset Management Inc. increased its stake in shares of Rockwell Collins by 0.8% in the 2nd quarter. TD Asset Management Inc. now owns 49,794 shares of the aerospace company’s stock valued at $6,706,000 after acquiring an additional 378 shares in the last quarter. Parallel Advisors LLC increased its stake in shares of Rockwell Collins by 58.0% in the 2nd quarter. Parallel Advisors LLC now owns 1,101 shares of the aerospace company’s stock valued at $148,000 after acquiring an additional 404 shares in the last quarter. Raymond James & Associates increased its stake in shares of Rockwell Collins by 1.0% in the 2nd quarter. Raymond James & Associates now owns 43,229 shares of the aerospace company’s stock valued at $5,822,000 after acquiring an additional 441 shares in the last quarter. Finally, Qube Research & Technologies Ltd increased its stake in shares of Rockwell Collins by 19.5% in the 2nd quarter. Qube Research & Technologies Ltd now owns 2,737 shares of the aerospace company’s stock valued at $369,000 after acquiring an additional 446 shares in the last quarter. Hedge funds and other institutional investors own 67.53% of the company’s stock.

About Rockwell Collins

Rockwell Collins, Inc designs, produces, and supports communications and aviation systems worldwide. The company's Interior Systems segment offers commercial aircraft seats; galley structures, food and beverage preparation equipment, and water and waste systems; oxygen and passenger service equipment; cabin lighting systems; and business jet and general aviation interior products.

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