Rockwell Collins, Inc. (NYSE:COL) has been given a $135.00 target price by equities researchers at Morgan Stanley in a report issued on Thursday. The brokerage presently has a “buy” rating on the aerospace company’s stock. Morgan Stanley’s price objective points to a potential upside of 7.61% from the company’s current price.
COL has been the subject of several other reports. Canaccord Genuity raised Rockwell Collins from a “hold” rating to a “buy” rating and raised their target price for the company from $108.00 to $125.00 in a research report on Tuesday, August 1st. Citigroup Inc. raised their target price on Rockwell Collins from $93.00 to $140.00 and gave the company a “neutral” rating in a research report on Tuesday. BidaskClub lowered Rockwell Collins from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Cowen and Company reaffirmed a “market perform” rating and set a $115.00 target price on shares of Rockwell Collins in a research report on Friday, July 28th. Finally, Sanford C. Bernstein started coverage on Rockwell Collins in a research report on Thursday, May 25th. They set an “outperform” rating and a $129.00 target price for the company. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twelve have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $115.65.
Rockwell Collins (NYSE COL) traded down 1.32% during trading on Thursday, reaching $123.80. 438,975 shares of the company’s stock were exchanged. The firm has a market cap of $20.11 billion, a price-to-earnings ratio of 24.57 and a beta of 0.78. Rockwell Collins has a 12 month low of $78.54 and a 12 month high of $128.43. The firm’s 50-day moving average price is $113.01 and its 200-day moving average price is $103.28.
Rockwell Collins (NYSE:COL) last announced its earnings results on Friday, July 28th. The aerospace company reported $1.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.58 by $0.06. Rockwell Collins had a return on equity of 26.20% and a net margin of 11.52%. The firm had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.04 billion. During the same period last year, the firm posted $1.63 EPS. The business’s revenue was up 57.0% compared to the same quarter last year. On average, equities research analysts anticipate that Rockwell Collins will post $6.08 EPS for the current year.
Rockwell Collins declared that its Board of Directors has approved a stock repurchase program on Friday, July 7th that authorizes the company to repurchase $200.00 million in shares. This repurchase authorization authorizes the aerospace company to buy up to 1.2% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.
In other Rockwell Collins news, VP Jeffrey A. Standerski sold 6,300 shares of the firm’s stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $108.44, for a total value of $683,172.00. Following the completion of the transaction, the vice president now owns 10,519 shares in the company, valued at approximately $1,140,680.36. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In the last 90 days, insiders acquired 18,000 shares of company stock valued at $1,480. 1.50% of the stock is owned by corporate insiders.
Several hedge funds have recently modified their holdings of COL. Van Cleef Asset Management Inc increased its stake in shares of Rockwell Collins by 2.5% in the first quarter. Van Cleef Asset Management Inc now owns 49,296 shares of the aerospace company’s stock worth $4,790,000 after buying an additional 1,195 shares during the period. Candriam Luxembourg S.C.A. increased its stake in shares of Rockwell Collins by 0.7% in the first quarter. Candriam Luxembourg S.C.A. now owns 15,225 shares of the aerospace company’s stock worth $1,479,000 after buying an additional 103 shares during the period. Nippon Life Insurance Co. increased its stake in shares of Rockwell Collins by 36.2% in the first quarter. Nippon Life Insurance Co. now owns 13,659 shares of the aerospace company’s stock worth $1,327,000 after buying an additional 3,627 shares during the period. State of Alaska Department of Revenue acquired a new stake in shares of Rockwell Collins during the first quarter worth about $249,000. Finally, Huntington National Bank increased its stake in shares of Rockwell Collins by 0.7% in the first quarter. Huntington National Bank now owns 13,373 shares of the aerospace company’s stock worth $1,300,000 after buying an additional 92 shares during the period. Hedge funds and other institutional investors own 67.81% of the company’s stock.
Rockwell Collins Company Profile
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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