Several other analysts have also recently commented on the stock. Analysts at Capital One downgraded shares of Dresser-Rand to a “neutral” rating in a research note to investors on Monday. Separately, analysts at Natixis downgraded shares of Dresser-Rand from a “buy” rating to a “neutral” rating in a research note to investors on Monday. Finally, 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.
Eight research analysts have rated the stock with a buy rating, two have issued an overweight rating, one has assigned a hold rating, and one has given an underweight rating to the company’s stock. The stock presently has an average rating of “overweight” and a consensus target price of $70.60.
Shares of Dresser-Rand traded down 3.44% during mid-day trading on Monday, hitting $56.12. Dresser-Rand has a 52 week low of $41.01 and a 52 week high of $63.40. The stock’s 50-day moving average is currently $60.05. The company has a market cap of $4.247 billion and a P/E ratio of 24.73.
Dresser-Rand last issued its quarterly 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. On average, analysts predict that Dresser-Rand will post $3.63 earnings per share 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.