Goldman Sachs Group, Inc. (The) Analysts Give Rockwell Collins, Inc. (COL) a $96.00 Price Target

Rockwell Collins, Inc. (NYSE:COL) has been assigned a $96.00 target price by investment analysts at Goldman Sachs Group, Inc. (The) in a research note issued on Tuesday, August 1st. The firm presently has a “sell” rating on the aerospace company’s stock. Goldman Sachs Group, Inc. (The)’s price target suggests a potential downside of 22.90% from the stock’s current price.

COL has been the topic of a number of other research reports. Bank of America Corporation decreased their price objective on shares of Rockwell Collins from $115.00 to $95.00 and set a “neutral” rating on the stock in a research report on Friday, June 9th. J P Morgan Chase & Co reiterated an “overweight” rating and set a $135.00 price target on shares of Rockwell Collins in a research report on Friday, July 14th. Jefferies Group LLC reiterated a “hold” rating and set a $115.00 price target (up previously from $108.00) on shares of Rockwell Collins in a research report on Monday, July 31st. Cowen and Company restated a “market perform” rating and issued a $115.00 price objective on shares of Rockwell Collins in a report on Friday, July 28th. Finally, BidaskClub cut shares of Rockwell Collins from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twelve have assigned a buy rating to the stock. Rockwell Collins has a consensus rating of “Hold” and an average target price of $115.65.

Shares of Rockwell Collins (COL) opened at 124.52 on Tuesday. Rockwell Collins has a 52 week low of $78.54 and a 52 week high of $128.43. The stock has a market capitalization of $20.23 billion, a P/E ratio of 24.71 and a beta of 0.78. The company has a 50-day moving average price of $114.13 and a 200 day moving average price of $103.66.

Rockwell Collins (NYSE:COL) last posted its quarterly earnings results on Friday, July 28th. The aerospace company reported $1.64 earnings per share for the quarter, topping the consensus estimate of $1.58 by $0.06. Rockwell Collins had a net margin of 11.52% and a return on equity of 26.20%. The business had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.04 billion. During the same period in the previous year, the firm posted $1.63 earnings per share. The firm’s revenue for the quarter was up 57.0% on a year-over-year basis. Analysts forecast that Rockwell Collins will post $6.08 earnings per share for the current fiscal year.

Rockwell Collins announced that its Board of Directors has authorized a share repurchase plan on Friday, July 7th that authorizes the company to buyback $200.00 million in shares. This buyback authorization authorizes the aerospace company to reacquire up to 1.2% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board of directors believes its stock is undervalued.

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In related news, VP Jeffrey A. Standerski sold 6,300 shares of Rockwell Collins stock in a transaction dated Thursday, June 1st. The shares were sold at an average price of $108.44, for a total transaction of $683,172.00. Following the completion of the sale, the vice president now owns 10,519 shares in the company, valued at approximately $1,140,680.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have purchased a total of 18,000 shares of company stock valued at $1,480 in the last quarter. 1.50% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of COL. NEXT Financial Group Inc increased its position in shares of Rockwell Collins by 35.7% in the second quarter. NEXT Financial Group Inc now owns 950 shares of the aerospace company’s stock worth $100,000 after buying an additional 250 shares during the last quarter. Whittier Trust Co. increased its position in shares of Rockwell Collins by 30.1% in the first quarter. Whittier Trust Co. now owns 1,106 shares of the aerospace company’s stock worth $108,000 after buying an additional 256 shares during the last quarter. Jacobi Capital Management LLC increased its position in shares of Rockwell Collins by 30.0% in the second quarter. Jacobi Capital Management LLC now owns 1,001 shares of the aerospace company’s stock worth $108,000 after buying an additional 231 shares during the last quarter. Highlander Capital Management LLC increased its position in shares of Rockwell Collins by 106.0% in the second quarter. Highlander Capital Management LLC now owns 1,024 shares of the aerospace company’s stock worth $108,000 after buying an additional 527 shares during the last quarter. Finally, Global X Management Co. LLC increased its position in shares of Rockwell Collins by 31.1% in the first quarter. Global X Management Co. LLC now owns 1,173 shares of the aerospace company’s stock worth $114,000 after buying an additional 278 shares during the last quarter. 67.81% of the stock is currently owned by institutional investors and hedge funds.

Rockwell Collins Company Profile

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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