Stock analysts at Barclays Capital lowered their price target on shares of Rowan Companies PLC (NYSE:RDC) from $50.00 to $49.00 in a report issued on Thursday, Stock Ratings Network.com reports. Barclays Capital’s target price suggests a potential upside of 36.04% from the stock’s previous close.
Rowan Companies PLC (NYSE:RDC) traded up 1.29% on Thursday, hitting $36.02. Rowan Companies PLC has a 52-week low of $30.05 and a 52-week high of $39.40. The stock’s 50-day moving average is currently $34.71. The company has a market cap of $4.474 billion and a price-to-earnings ratio of 22.16.
Rowan Companies PLC (NYSE:RDC) last announced its earnings results on Tuesday, August 6th. The company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.01. The company had revenue of $408.90 million for the quarter, compared to the consensus estimate of $399.84 million. During the same quarter in the previous year, the company posted $0.51 earnings per share. The company’s revenue for the quarter was up 16.5% on a year-over-year basis. On average, analysts predict that Rowan Companies PLC will post $2.30 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on RDC. Analysts at JPMorgan Cazenove raised their price target on shares of Rowan Companies PLC from $34.00 to $37.00 in a research note to investors on Wednesday. They now have a “neutral” rating on the stock. Separately, analysts at Guggenheim raised their price target on shares of Rowan Companies PLC from $36.00 to $40.00 in a research note to investors on Wednesday. Finally, analysts at Jefferies Group reiterated a “buy” rating on shares of Rowan Companies PLC in a research note to investors on Friday, July 12th. They now have a $39.00 price target on the stock.
Sixteen investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Rowan Companies PLC presently has a consensus rating of “Hold” and a consensus price target of $38.91.
Rowan Companies plc, formerly Rowan Companies, Inc, is a provider of international and domestic offshore contract drilling services.
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