Zacks Investment Research Upgrades Rockwell Collins, Inc. (COL) to Hold

Rockwell Collins, Inc. (NYSE:COL) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Monday.

According to Zacks, “Rockwell Collins continues to be the foremost global supplier of communications and avionics equipment for both commercial and military customers. A diversified portfolio, comprising both commercial and government customers, protects it from risks of reduced orders from either customer class. Notably, Rockwell Collins outperformed the broader industry in last year. However, the company derives a major portion of its revenues from overseas, which exposes it to the risk of currency fluctuations. Moreover, it lacks a stable alternative supplier for certain goods or services. Also, Rockwell Collins generates majority of revenues from fixed-price contracts, exposing its bottom line to cost over-runs.”

Other equities research analysts have also issued reports about the company. Canaccord Genuity upgraded Rockwell Collins from a “hold” rating to a “buy” rating and boosted their target price for the stock from $108.00 to $125.00 in a report on Tuesday, August 1st. BidaskClub upgraded Rockwell Collins from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th. ValuEngine upgraded Rockwell Collins from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. Credit Suisse Group restated a “buy” rating and issued a $120.00 target price on shares of Rockwell Collins in a report on Wednesday, July 19th. Finally, Morgan Stanley set a $135.00 target price on Rockwell Collins and gave the stock a “buy” rating in a report on Thursday, August 17th. One investment analyst has rated the stock with a sell rating, nineteen have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Rockwell Collins currently has a consensus rating of “Hold” and a consensus price target of $126.22.

Shares of Rockwell Collins (NYSE:COL) opened at 134.53 on Monday. The firm has a 50-day moving average of $131.38 and a 200 day moving average of $113.83. Rockwell Collins has a 12 month low of $78.54 and a 12 month high of $135.31. The firm has a market cap of $21.86 billion, a P/E ratio of 26.70 and a beta of 0.73.

Rockwell Collins (NYSE:COL) last announced its quarterly earnings results on Friday, July 28th. The aerospace company reported $1.64 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 analyst estimates of $2.04 billion. During the same period in the previous year, the company earned $1.63 EPS. The firm’s revenue was up 57.0% on a year-over-year basis. On average, equities research analysts anticipate that Rockwell Collins will post $6.09 EPS for the current fiscal year.

Rockwell Collins declared that its Board of Directors has approved a share repurchase program on Friday, July 7th that allows the company to buyback $200.00 million in shares. This buyback authorization allows the aerospace company to repurchase up to 1.2% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

COPYRIGHT VIOLATION WARNING: “Zacks Investment Research Upgrades Rockwell Collins, Inc. (COL) to Hold” was originally posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this piece of content on another domain, it was illegally stolen and reposted in violation of international copyright & trademark law. The original version of this piece of content can be accessed at https://ledgergazette.com/2017/10/18/zacks-investment-research-upgrades-rockwell-collins-inc-col-to-hold.html.

In other Rockwell Collins news, Director Harlan Donnley Meade purchased 1,666,667 shares of the business’s stock in a transaction dated Friday, September 15th. The stock was bought at an average cost of $0.06 per share, for a total transaction of $100,000.02. 1.50% of the stock is owned by insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. NEXT Financial Group Inc increased its position in shares of Rockwell Collins by 35.7% during the second quarter. NEXT Financial Group Inc now owns 950 shares of the aerospace company’s stock valued at $100,000 after purchasing an additional 250 shares during the period. Jacobi Capital Management LLC increased its position in shares of Rockwell Collins by 30.0% during the second quarter. Jacobi Capital Management LLC now owns 1,001 shares of the aerospace company’s stock valued at $108,000 after purchasing an additional 231 shares during the period. Highlander Capital Management LLC increased its position in shares of Rockwell Collins by 106.0% during the second quarter. Highlander Capital Management LLC now owns 1,024 shares of the aerospace company’s stock valued at $108,000 after purchasing an additional 527 shares during the period. Whittier Trust Co. increased its position in shares of Rockwell Collins by 3.2% during the second quarter. Whittier Trust Co. now owns 1,141 shares of the aerospace company’s stock valued at $120,000 after purchasing an additional 35 shares during the period. Finally, Global X Management Co. LLC increased its position in shares of Rockwell Collins by 31.1% during the first quarter. Global X Management Co. LLC now owns 1,173 shares of the aerospace company’s stock valued at $114,000 after purchasing an additional 278 shares during the period. Institutional investors and hedge funds own 77.75% of the company’s stock.

About Rockwell Collins

Rockwell Collins, Inc designs, produces and supports communications and aviation systems for commercial and military customers. The Comp

According to Zacks, “Rockwell Collins continues to be the foremost global supplier of communications and avionics equipment for both commercial and military customers. A diversified portfolio, comprising both commercial and government customers, protects it from risks of reduced orders from either customer class. Notably, Rockwell Collins outperformed the broader industry in last year. However, the company derives a major portion of its revenues from overseas, which exposes it to the risk of currency fluctuations. Moreover, it lacks a stable alternative supplier for certain goods or services. Also, Rockwell Collins generates majority of revenues from fixed-price contracts, exposing its bottom line to cost over-runs.”

Other equities research analysts have also issued reports about the company. Canaccord Genuity upgraded Rockwell Collins from a “hold” rating to a “buy” rating and boosted their target price for the stock from $108.00 to $125.00 in a report on Tuesday, August 1st. BidaskClub upgraded Rockwell Collins from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th. ValuEngine upgraded Rockwell Collins from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. Credit Suisse Group restated a “buy” rating and issued a $120.00 target price on shares of Rockwell Collins in a report on Wednesday, July 19th. Finally, Morgan Stanley set a $135.00 target price on Rockwell Collins and gave the stock a “buy” rating in a report on Thursday, August 17th. One investment analyst has rated the stock with a sell rating, nineteen have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Rockwell Collins currently has a consensus rating of “Hold” and a consensus price target of $126.22.

Shares of Rockwell Collins (NYSE:COL) opened at 134.53 on Monday. The firm has a 50-day moving average of $131.38 and a 200 day moving average of $113.83. Rockwell Collins has a 12 month low of $78.54 and a 12 month high of $135.31. The firm has a market cap of $21.86 billion, a P/E ratio of 26.70 and a beta of 0.73.

Rockwell Collins (NYSE:COL) last announced its quarterly earnings results on Friday, July 28th. The aerospace company reported $1.64 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 analyst estimates of $2.04 billion. During the same period in the previous year, the company earned $1.63 EPS. The firm’s revenue was up 57.0% on a year-over-year basis. On average, equities research analysts anticipate that Rockwell Collins will post $6.09 EPS for the current fiscal year.

Rockwell Collins declared that its Board of Directors has approved a share repurchase program on Friday, July 7th that allows the company to buyback $200.00 million in shares. This buyback authorization allows the aerospace company to repurchase up to 1.2% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

COPYRIGHT VIOLATION WARNING: “Zacks Investment Research Upgrades Rockwell Collins, Inc. (COL) to Hold” was originally posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this piece of content on another domain, it was illegally stolen and reposted in violation of international copyright & trademark law. The original version of this piece of content can be accessed at https://ledgergazette.com/2017/10/18/zacks-investment-research-upgrades-rockwell-collins-inc-col-to-hold.html.

In other Rockwell Collins news, Director Harlan Donnley Meade purchased 1,666,667 shares of the business’s stock in a transaction dated Friday, September 15th. The stock was bought at an average cost of $0.06 per share, for a total transaction of $100,000.02. 1.50% of the stock is owned by insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. NEXT Financial Group Inc increased its position in shares of Rockwell Collins by 35.7% during the second quarter. NEXT Financial Group Inc now owns 950 shares of the aerospace company’s stock valued at $100,000 after purchasing an additional 250 shares during the period. Jacobi Capital Management LLC increased its position in shares of Rockwell Collins by 30.0% during the second quarter. Jacobi Capital Management LLC now owns 1,001 shares of the aerospace company’s stock valued at $108,000 after purchasing an additional 231 shares during the period. Highlander Capital Management LLC increased its position in shares of Rockwell Collins by 106.0% during the second quarter. Highlander Capital Management LLC now owns 1,024 shares of the aerospace company’s stock valued at $108,000 after purchasing an additional 527 shares during the period. Whittier Trust Co. increased its position in shares of Rockwell Collins by 3.2% during the second quarter. Whittier Trust Co. now owns 1,141 shares of the aerospace company’s stock valued at $120,000 after purchasing an additional 35 shares during the period. Finally, Global X Management Co. LLC increased its position in shares of Rockwell Collins by 31.1% during the first quarter. Global X Management Co. LLC now owns 1,173 shares of the aerospace company’s stock valued at $114,000 after purchasing an additional 278 shares during the period. Institutional investors and hedge funds own 77.75% of the company’s stock.

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.

Analyst Recommendations for Rockwell Collins (NYSE:COL)

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