R.R. Donnelley & Sons Co. (NYSE:RRD) was downgraded by research analysts at Benchmark Co. from a “buy” rating to a “hold” rating in a report released on Wednesday, AnalystRatingsNetwork.com reports. They currently have a $20.00 target price on the stock, up from their previous target price of $15.00. Benchmark Co.’s price target would suggest a potential upside of 5.65% from the stock’s previous close. The analysts noted that the move was a valuation call.
Shares of R.R. Donnelley & Sons Co. (NYSE:RRD) opened at 18.93 on Wednesday. R.R. Donnelley & Sons Co. has a 52 week low of $8.30 and a 52 week high of $18.94. The stock’s 50-day moving average is currently $14.45. The company’s market cap is $3.436 billion.
R.R. Donnelley & Sons Co. (NYSE:RRD) last issued its quarterly earnings data on Tuesday, July 30th. The company reported $0.45 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.42 by $0.03. The company had revenue of $2.60 billion for the quarter, compared to the consensus estimate of $2.50 billion. During the same quarter in the prior year, the company posted $0.49 earnings per share. The company’s quarterly revenue was up 1.7% on a year-over-year basis. On average, analysts predict that R.R. Donnelley & Sons Co. will post $1.62 earnings per share for the current fiscal year.
Separately, analysts at Zacks reiterated a “neutral” rating on shares of R.R. Donnelley & Sons Co. in a research note to investors on Monday, July 15th. They now have a $15.00 price target on the stock.
Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $16.33.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 3rd. Investors of record on Thursday, August 15th will be paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 5.49%. The ex-dividend date is Tuesday, August 13th.
R.R. Donnelley & Sons Company (NYSE:RRD) is a global provider of integrated communications.