Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Rockwell Collins (COL) Stock Price
News articles about Rockwell Collins (NYSE:COL) have been trending somewhat positive recently, according to Accern. Accern identifies negative and positive news coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Rockwell Collins earned a media sentiment score of 0.19 on Accern’s scale. Accern also assigned news coverage about the aerospace company an impact score of 46.7529749227732 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the media stories that may have impacted Accern Sentiment’s rankings:
- Analyzing Huntington Ingalls Industries (HII) and Rockwell Collins (COL) (americanbankingnews.com)
- Rockwell Collins : TCS World Travel selects Rockwell Collins to provide onboard broadband connectivity (4-traders.com)
- United Technologies (UTX) Rides on Inorganic Strategies (finance.yahoo.com)
- Rockwell Collins, Inc. (COL) Price Target Raised to $140.00 (americanbankingnews.com)
- Lukewarm About United Technologies’ Bid For Rockwell Collins – Seeking Alpha (seekingalpha.com)
Several equities analysts have commented on COL shares. Canaccord Genuity raised shares of Rockwell Collins from a “hold” rating to a “buy” rating and raised their price target for the company from $108.00 to $125.00 in a research report on Tuesday, August 1st. BidaskClub cut shares of Rockwell Collins from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Cowen and Company reissued a “market perform” rating and issued a $115.00 price target on shares of Rockwell Collins in a research report on Friday, July 28th. Sanford C. Bernstein started coverage on shares of Rockwell Collins in a research report on Thursday, May 25th. They issued an “outperform” rating and a $129.00 price target for the company. Finally, Zacks Investment Research raised shares of Rockwell Collins from a “hold” rating to a “buy” rating and set a $118.00 price target for the company in a research report on Wednesday, April 26th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and twelve have given a buy rating to the company’s stock. Rockwell Collins presently has an average rating of “Hold” and an average price target of $115.10.
Shares of Rockwell Collins (NYSE:COL) traded down 0.72% during midday trading on Tuesday, reaching $124.83. 1,881,535 shares of the company traded hands. The firm has a market capitalization of $20.28 billion, a P/E ratio of 24.77 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 company has a 50 day moving average of $112.39 and a 200 day moving average of $103.12.
Rockwell Collins (NYSE:COL) last posted its quarterly earnings data on Friday, July 28th. The aerospace company reported $1.64 EPS for the quarter, beating the Zacks’ consensus estimate of $1.58 by $0.06. Rockwell Collins had a net margin of 11.52% and a return on equity of 26.20%. The firm had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.04 billion. During the same period in the prior year, the firm posted $1.63 EPS. The firm’s revenue was up 57.0% compared to the same quarter last year. On average, equities research analysts predict that Rockwell Collins will post $6.08 earnings per share for the current fiscal year.
Rockwell Collins declared that its board has approved a share buyback plan on Friday, July 7th that authorizes the company to buyback $200.00 million in outstanding shares. This buyback authorization authorizes the aerospace company to purchase 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.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 5th. Shareholders of record on Monday, August 14th will be paid a dividend of $0.33 per share. The ex-dividend date is Thursday, August 10th. This represents a $1.32 dividend on an annualized basis and a yield of 1.06%. Rockwell Collins’s dividend payout ratio (DPR) is 26.04%.
In other Rockwell Collins news, VP Jeffrey A. Standerski sold 6,300 shares of the stock in a transaction on Thursday, June 1st. The shares were sold at an average price of $108.44, for a total transaction of $683,172.00. Following the transaction, the vice president now directly owns 10,519 shares in the company, valued at approximately $1,140,680.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have acquired a total of 18,000 shares of company stock worth $1,480 over the last quarter. 1.50% of the stock is currently owned by insiders.
TRADEMARK VIOLATION WARNING: This piece was published by Watch List News and is the property of of Watch List News. If you are reading this piece on another website, it was stolen and reposted in violation of U.S. & international copyright & trademark legislation. The legal version of this piece can be viewed at https://www.watchlistnews.com/somewhat-favorable-press-coverage-somewhat-unlikely-to-impact-rockwell-collins-col-stock-price/1492510.html.
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.
Receive News & Ratings for Rockwell Collins Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rockwell Collins Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.