Rockwell Collins’ (COL) “Hold” Rating Reaffirmed at Jefferies Group LLC
Rockwell Collins, Inc. (NYSE:COL)‘s stock had its “hold” rating restated by investment analysts at Jefferies Group LLC in a research report issued on Tuesday. They presently have a $115.00 target price on the aerospace company’s stock. Jefferies Group LLC’s price objective indicates a potential downside of 13.02% from the stock’s current price.
Several other research analysts have also recently weighed in on the company. ValuEngine cut Rockwell Collins from a “buy” rating to a “hold” rating in a report on Monday. Zacks Investment Research cut Rockwell Collins from a “hold” rating to a “sell” rating in a report on Monday. SunTrust Banks, Inc. reaffirmed a “hold” rating on shares of Rockwell Collins in a report on Monday. Robert W. Baird downgraded Rockwell Collins from an “outperform” rating to a “neutral” rating and set a $140.00 price objective on the stock. in a research report on Wednesday, September 13th. Finally, Sanford C. Bernstein downgraded Rockwell Collins from an “outperform” rating to a “market perform” rating and set a $137.00 price objective on the stock. in a research report on Monday, September 11th. Two investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Rockwell Collins presently has an average rating of “Hold” and an average price target of $123.46.
Shares of Rockwell Collins (NYSE:COL) traded up 0.58% during trading on Tuesday, hitting $132.22. The stock had a trading volume of 1,838,920 shares. Rockwell Collins has a 52-week low of $78.54 and a 52-week high of $135.31. The firm has a market cap of $21.48 billion, a price-to-earnings ratio of 26.24 and a beta of 0.73. The firm’s 50-day moving average is $129.12 and its 200 day moving average is $111.50.
Rockwell Collins (NYSE:COL) last announced its quarterly earnings data 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. The company had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.04 billion. Rockwell Collins had a net margin of 11.52% and a return on equity of 26.20%. Rockwell Collins’s revenue was up 57.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.63 EPS. On average, analysts expect that Rockwell Collins will post $6.09 EPS for the current year.
Rockwell Collins declared that its Board of Directors has approved a share repurchase plan on Friday, July 7th that permits the company to buyback $200.00 million in shares. This buyback authorization permits the aerospace company to repurchase up to 1.2% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.
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In other Rockwell Collins news, Director Harlan Donnley Meade purchased 1,666,667 shares of the business’s stock in a transaction on Friday, September 15th. The shares were bought at an average cost of $0.06 per share, for a total transaction of $100,000.02. Company insiders own 1.50% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. BlackRock Inc. raised its stake in shares of Rockwell Collins by 3,360.5% in the first quarter. BlackRock Inc. now owns 8,849,135 shares of the aerospace company’s stock valued at $859,783,000 after acquiring an additional 8,593,416 shares in the last quarter. Vanguard Group Inc. grew its stake in Rockwell Collins by 27.0% during the 2nd quarter. Vanguard Group Inc. now owns 16,019,594 shares of the aerospace company’s stock worth $1,683,340,000 after purchasing an additional 3,410,680 shares in the last quarter. Epoch Investment Partners Inc. grew its stake in Rockwell Collins by 186.0% during the 2nd quarter. Epoch Investment Partners Inc. now owns 2,028,189 shares of the aerospace company’s stock worth $213,122,000 after purchasing an additional 1,319,020 shares in the last quarter. Franklin Resources Inc. grew its stake in Rockwell Collins by 76.0% during the 2nd quarter. Franklin Resources Inc. now owns 2,999,186 shares of the aerospace company’s stock worth $315,130,000 after purchasing an additional 1,295,052 shares in the last quarter. Finally, State Street Corp grew its stake in Rockwell Collins by 21.9% during the 2nd quarter. State Street Corp now owns 7,140,178 shares of the aerospace company’s stock worth $750,304,000 after purchasing an additional 1,281,647 shares in the last quarter. 72.31% of the stock is currently owned by institutional investors and hedge funds.
About Rockwell Collins
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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