Rowan Companies PLC (NYSE:RDC) was upgraded by equities research analysts at ISI Group from a “neutral” rating to a “strong-buy” rating in a research note issued to investors on Wednesday, TheFlyOnTheWall.com reports.
Several other analysts have also recently commented on the stock. Analysts at Barclays Capital cut their price target on shares of Rowan Companies PLC from $50.00 to $49.00 in a research note to investors on Thursday, August 8th. Separately, analysts at JPMorgan Chase & Co. raised their price target on shares of Rowan Companies PLC from $34.00 to $37.00 in a research note to investors on Wednesday, August 7th. They now have a “neutral” rating on the stock. Finally, 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, August 7th.
Fourteen investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. Rowan Companies PLC has an average rating of “Buy” and an average target price of $39.00.
Rowan Companies PLC (NYSE:RDC) traded down 0.25% on Wednesday, hitting $35.80. 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 $35.05. The company has a market cap of $4.454 billion and a price-to-earnings ratio of 19.22.
Rowan Companies PLC (NYSE:RDC) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.57 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.51 earnings per share. The company’s quarterly revenue was up 16.5% on a year-over-year basis. On average, analysts predict that Rowan Companies PLC will post $2.23 earnings per share for the current fiscal year.
Rowan Companies plc, formerly Rowan Companies, Inc, is a provider of international and domestic offshore contract drilling services.
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