Rotork (LON:ROR) Shares Down 10.6% – Here’s What Happened

Rotork plc (LON:ROR) shares traded down 10.6% during trading on Tuesday . The stock traded as low as GBX 323.20 and last traded at GBX 327.99. 5,876,208 shares traded hands during trading, a decline of 56% from the average session volume of 13,311,035 shares. The stock had previously closed at GBX 366.80.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. JPMorgan Chase & Co. lifted their target price on Rotork from GBX 390 to GBX 420 and gave the stock an “overweight” rating in a report on Thursday, December 4th. Panmure Gordon increased their price target on Rotork from GBX 360 to GBX 370 and gave the company a “buy” rating in a research note on Thursday, November 20th. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Rotork has a consensus rating of “Moderate Buy” and an average target price of GBX 397.

Rotork Price Performance

The company has a market cap of £2.70 billion, a P/E ratio of 28.03, a PEG ratio of 2.48 and a beta of 0.90. The firm’s 50-day moving average is GBX 358.61 and its two-hundred day moving average is GBX 345.17. The company has a debt-to-equity ratio of 4.20, a current ratio of 2.43 and a quick ratio of 2.16.

Rotork (LON:ROR) last released its quarterly earnings data on Tuesday, March 10th. The company reported GBX 17 EPS for the quarter. Rotork had a net margin of 13.10% and a return on equity of 17.13%. Analysts anticipate that Rotork plc will post 16.4574899 earnings per share for the current year.

Rotork announced that its Board of Directors has authorized a stock buyback program on Wednesday, November 19th that authorizes the company to buyback 0 outstanding shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

About Rotork

Rotork is a market-leading global provider of mission-critical intelligent flow control solutions for oil & gas, water and wastewater, power, chemical process and industrial applications. We help customers around the world to improve efficiency, reduce emissions, minimise their environmental impact and assure safety. Rotork employs about 3,200 people, has manufacturing facilities in more than 17 locations and serves 170 countries through a global service network. Its shares have a premium listing on the London Stock Exchange (symbol: ROR) and are a constituent of the FTSE 250 index.