Dresser-Rand (NYSE: DRC) was downgraded by equities research analysts at Natixis to a “neutral” rating in a research note issued to investors on Monday.
A number of other firms have also recently commented on DRC. Analysts at JPMorgan Chase downgraded shares of Dresser-Rand from an “overweight” rating to a “neutral” rating in a research note to investors on Tuesday, January 8th. They now have a $63.00 price target on the stock. Separately, analysts at Howard Weil downgraded shares of Dresser-Rand from an “outperform” rating to a “market perform” rating in a research note to investors on Monday, January 7th. They now have a $65.00 price target on the stock. Finally, analysts at Zacks upgraded shares of Dresser-Rand from an “underperform” rating to a “neutral” rating in a research note to investors on Wednesday, December 19th. They now have a $55.90 price target on the stock.
Eight investment analysts have rated the stock with a buy rating, two have issued an overweight rating, one has given a hold rating, and one has assigned an underweight rating to the stock. Dresser-Rand has a consensus rating of “overweight” and a consensus target price of $70.60.
Shares of Dresser-Rand opened at 58.12 on Monday. Dresser-Rand has a one year low of $41.01 and a one year high of $63.40. The stock’s 50-day moving average is currently $60.05. The company has a market cap of $4.398 billion and a P/E ratio of 24.73.
Dresser-Rand last released its earnings data on Thursday, February 28th. The company reported $1.05 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.11 by $0.06. The company had revenue of $844.40 million for the quarter, compared to the consensus estimate of $769.58 million. During the same quarter in the prior year, the company posted $0.90 earnings per share. The company’s quarterly revenue was up 14.4% on a year-over-year basis. Analysts expect that Dresser-Rand will post $3.63 EPS for the current fiscal year.
Dresser-Rand Group Inc. is the global supplier of custom-engineered rotating equipment solutions for the applications in the oil, gas, petrochemical and industrial process industries.
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