Analysts Set $8.00 Target Price for RR Donnelley & Sons Co (NYSE:RRD)

Shares of RR Donnelley & Sons Co (NYSE:RRD) have been given an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy rating.

Brokerages have set a 12-month consensus price objective of $8.00 for the company, according to Zacks. Zacks has also assigned RR Donnelley & Sons an industry rank of 111 out of 256 based on the ratings given to related companies.

Separately, Zacks Investment Research raised shares of DLH from a “sell” rating to a “hold” rating in a report on Tuesday.

A number of hedge funds have recently added to or reduced their stakes in the stock. Texas Permanent School Fund boosted its holdings in RR Donnelley & Sons by 4.0% during the fourth quarter. Texas Permanent School Fund now owns 46,069 shares of the business services provider’s stock worth $182,000 after buying an additional 1,773 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of RR Donnelley & Sons by 22.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 12,053 shares of the business services provider’s stock valued at $48,000 after purchasing an additional 2,218 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of RR Donnelley & Sons by 0.5% in the fourth quarter. Principal Financial Group Inc. now owns 571,530 shares of the business services provider’s stock valued at $2,263,000 after purchasing an additional 3,097 shares in the last quarter. BNP Paribas Arbitrage SA lifted its holdings in shares of RR Donnelley & Sons by 55.6% in the first quarter. BNP Paribas Arbitrage SA now owns 22,308 shares of the business services provider’s stock valued at $105,000 after purchasing an additional 7,968 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of RR Donnelley & Sons by 1.2% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 704,673 shares of the business services provider’s stock valued at $3,326,000 after purchasing an additional 8,225 shares in the last quarter. 86.91% of the stock is currently owned by hedge funds and other institutional investors.

RRD stock traded up $0.05 during trading on Friday, reaching $2.14. 750,168 shares of the company were exchanged, compared to its average volume of 1,425,083. The stock has a market cap of $147.97 million, a P/E ratio of 3.06 and a beta of 1.66. RR Donnelley & Sons has a 52-week low of $1.92 and a 52-week high of $6.76. The firm’s 50 day moving average is $2.25.

RR Donnelley & Sons (NYSE:RRD) last released its quarterly earnings data on Tuesday, April 30th. The business services provider reported ($0.06) EPS for the quarter. The company had revenue of $1.52 billion for the quarter, compared to analysts’ expectations of $1.55 billion. RR Donnelley & Sons had a negative return on equity of 21.78% and a negative net margin of 0.15%. The firm’s quarterly revenue was down 10.9% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.10) EPS. On average, sell-side analysts anticipate that RR Donnelley & Sons will post 0.66 earnings per share for the current year.

About RR Donnelley & Sons

R.R. Donnelley & Sons Company, an integrated communications provider, enables organizations to create, manage, deliver, and optimize their multichannel marketing and business communications. It operates through Business Services and Marketing Solutions segments. The Business Services segment offers commercial printing products and branded materials, including manuals, publications, brochures, business cards, flyers, post cards, posters, and promotional items; and specialized transportation and distribution services.

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