Rockwell Collins, Inc. (COL) Stock Rating Lowered by Sanford C. Bernstein

Rockwell Collins, Inc. (NYSE:COL) was downgraded by research analysts at Sanford C. Bernstein from an “outperform” rating to a “market perform” rating in a research note issued on Monday. They presently have a $137.00 price objective on the aerospace company’s stock. Sanford C. Bernstein’s price objective would indicate a potential upside of 4.60% from the stock’s current price.

Several other equities analysts have also recently issued reports on the company. Wolfe Research cut Rockwell Collins from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, September 6th. Seaport Global Securities lowered Rockwell Collins from a “buy” rating to a “neutral” rating in a research note on Wednesday, September 6th. Drexel Hamilton lowered Rockwell Collins from a “buy” rating to a “hold” rating in a research note on Wednesday, September 6th. Canaccord Genuity lowered Rockwell Collins from a “buy” rating to a “hold” rating in a research note on Wednesday, September 6th. Finally, Deutsche Bank AG lowered Rockwell Collins from a “buy” rating to a “hold” rating and set a $140.00 price objective for the company. in a research note on Tuesday, September 5th. One analyst has rated the stock with a sell rating, seventeen have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Rockwell Collins has a consensus rating of “Hold” and a consensus target price of $121.29.

Shares of Rockwell Collins (COL) opened at 130.97 on Monday. Rockwell Collins has a 52-week low of $78.54 and a 52-week high of $135.31. The stock has a market capitalization of $21.28 billion, a P/E ratio of 25.99 and a beta of 0.75. The firm’s 50-day moving average price is $123.11 and its 200-day moving average price is $107.87.

Rockwell Collins (NYSE:COL) last issued its quarterly earnings results 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. Rockwell Collins had a return on equity of 26.20% and a net margin of 11.52%. The company had revenue of $2.09 billion for the quarter, compared to analysts’ expectations of $2.04 billion. During the same period last year, the firm earned $1.63 EPS. The firm’s revenue for the quarter was up 57.0% on a year-over-year basis. Equities analysts forecast that Rockwell Collins will post $6.09 earnings per share for the current fiscal year.

Rockwell Collins announced that its board has initiated 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 reacquire up to 1.2% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s management believes its shares are undervalued.

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A number of institutional investors and hedge funds have recently added to or reduced their stakes in COL. NEXT Financial Group Inc boosted its position in 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 last quarter. Jacobi Capital Management LLC boosted its position in 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 last quarter. Highlander Capital Management LLC boosted its position in 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 last quarter. Global X Management Co. LLC boosted its position in 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 last quarter. Finally, Harfst & Associates Inc. acquired a new stake in Rockwell Collins during the first quarter valued at $114,000. 77.86% of the stock is owned by hedge funds and other institutional investors.

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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