Rockwell Collins, Inc. (NYSE:COL) was downgraded by equities research analysts at Robert W. Baird from an “outperform” rating to a “neutral” rating in a report issued on Wednesday. They currently have a $140.00 target price on the aerospace company’s stock. Robert W. Baird’s target price would suggest a potential upside of 6.59% from the stock’s current price.
COL has been the subject of a number of other research reports. Bank of America Corporation decreased their target price on Rockwell Collins from $115.00 to $95.00 and set a “neutral” rating for the company in a report on Friday, June 9th. J P Morgan Chase & Co reiterated an “overweight” rating and set a $135.00 target price on shares of Rockwell Collins in a report on Friday, July 14th. Goldman Sachs Group, Inc. (The) set a $96.00 target price on Rockwell Collins and gave the stock a “sell” rating in a report on Tuesday, August 1st. Jefferies Group LLC reiterated a “hold” rating and set a $115.00 target price (up previously from $108.00) on shares of Rockwell Collins in a report on Monday, July 31st. Finally, Vetr upgraded Rockwell Collins from a “hold” rating to a “strong-buy” rating and set a $166.10 target price for the company in a report on Monday, August 21st. One investment analyst has rated the stock with a sell rating, eighteen have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $122.34.
Shares of Rockwell Collins (NYSE COL) opened at 131.35 on Wednesday. Rockwell Collins has a one year low of $78.54 and a one year high of $135.31. The stock has a market cap of $21.34 billion, a price-to-earnings ratio of 26.07 and a beta of 0.75. The company has a 50 day moving average of $124.96 and a 200-day moving average of $108.47.
Rockwell Collins (NYSE:COL) last issued its earnings results on Friday, July 28th. The aerospace company reported $1.64 earnings per share (EPS) for the quarter, topping the Zacks’ 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 business had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.04 billion. During the same quarter in the previous year, the business earned $1.63 EPS. The company’s revenue for the quarter was up 57.0% on a year-over-year basis. On average, analysts anticipate that Rockwell Collins will post $6.09 earnings per share for the current year.
Rockwell Collins declared that its Board of Directors has initiated a share buyback plan on Friday, July 7th that allows the company to repurchase $200.00 million in outstanding shares. This repurchase authorization allows the aerospace company to repurchase up to 1.2% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.
Several institutional investors and hedge funds have recently made changes to their positions in COL. BlackRock Inc. raised its position in shares of Rockwell Collins by 3,360.5% in the 1st quarter. BlackRock Inc. now owns 8,849,135 shares of the aerospace company’s stock valued at $859,783,000 after purchasing an additional 8,593,416 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Rockwell Collins by 27.0% in the 2nd quarter. Vanguard Group Inc. now owns 16,019,594 shares of the aerospace company’s stock valued at $1,683,340,000 after purchasing an additional 3,410,680 shares in the last quarter. Epoch Investment Partners Inc. raised its position in shares of Rockwell Collins by 186.0% in the 2nd quarter. Epoch Investment Partners Inc. now owns 2,028,189 shares of the aerospace company’s stock valued at $213,122,000 after purchasing an additional 1,319,020 shares in the last quarter. Franklin Resources Inc. raised its position in shares of Rockwell Collins by 76.0% in the 2nd quarter. Franklin Resources Inc. now owns 2,999,186 shares of the aerospace company’s stock valued at $315,130,000 after purchasing an additional 1,295,052 shares in the last quarter. Finally, State Street Corp raised its position in shares of Rockwell Collins by 21.9% in the 2nd quarter. State Street Corp now owns 7,140,178 shares of the aerospace company’s stock valued at $750,304,000 after purchasing an additional 1,281,647 shares in the last quarter. 77.86% of the stock is currently owned by institutional investors.
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.
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 MarketBeat.com's FREE daily email newsletter.