Dresser-Rand Group (NYSE:DRC) was downgraded by equities research analysts at CL King from a “strong-buy” rating to a “neutral” rating in a research note issued to investors on Friday, TheFlyOnTheWall.com reports.
DRC has been the subject of a number of other recent research reports. Analysts at Susquehanna raised their price target on shares of Dresser-Rand Group from $67.00 to $73.00 in a research note to investors on Wednesday, July 17th. They now have a “positive” rating on the stock. Separately, analysts at Cowen and Company initiated coverage on shares of Dresser-Rand Group in a research note to investors on Wednesday, July 17th. They set a “market perform” rating and a $66.00 price target on the stock. Finally, analysts at Johnson Rice downgraded shares of Dresser-Rand Group from a “focus list” rating to an “overweight” rating in a research note to investors on Tuesday, July 9th.
Ten investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $64.00.
Dresser-Rand Group (NYSE: DRC) traded down 5.72% on Friday, hitting $60.50. Dresser-Rand Group has a 52-week low of $44.71 and a 52-week high of $67.38. The stock’s 50-day moving average is currently $61.83. The company has a market cap of $4.608 billion and a price-to-earnings ratio of 26.00.
Dresser-Rand Group (NYSE:DRC) last posted its quarterly earnings results on Thursday, July 25th. The company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.12. The company had revenue of $805.30 million for the quarter, compared to the consensus estimate of $836.76 million. During the same quarter in the previous year, the company posted $0.45 earnings per share. The company’s revenue for the quarter was up 26.7% on a year-over-year basis. On average, analysts predict that Dresser-Rand Group will post $3.30 earnings per share for the current fiscal year.
Dresser-Rand Group Inc is a global supplier of of custom-engineered rotating equipment solutions for long-life, critical applications in the oil, gas, chemical, petrochemical, process, power generation, military and other industries worldwide.
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