Ducommun Incorporated (NYSE: DCO) was upgraded by equities research analysts at TheStreet from a “sell” rating to a “hold” rating in a research note issued to investors on Monday.
The analysts wrote, “Ducommun (DCO) has been upgraded by TheStreet Ratings from sell to hold. The company’s strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we find that the company’s profit margins have been poor overall.”
A number of other analysts have also recently weighed in on DCO. Analysts at Noble Financial raised their price target on shares of Ducommun Incorporated from $20.00 to $24.00 in a research note to investors on Tuesday, March 19th. They now have a “buy” rating on the stock. Separately, analysts at Zacks upgraded shares of Ducommun Incorporated from a “neutral” rating to an “outperform” rating in a research note to investors on Monday, March 11th. They now have a $18.20 price target on the stock. Finally, analysts at C.K. Cooper reiterated an “outperform” rating on shares of Ducommun Incorporated in a research note to investors on Tuesday, March 5th. They now have a $20.00 price target on the stock, up previously from $18.00.
Three research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $21.84.
Shares of Ducommun Incorporated (NYSE: DCO) opened at 19.34 on Monday. Ducommun Incorporated has a one year low of $7.71 and a one year high of $19.62. The stock’s 50-day moving average is currently $16.60. The company has a market cap of $204.9 million and a P/E ratio of 12.48.
Ducommun Incorporated (NYSE: DCO) last announced its earnings results on Monday, March 4th. The company reported $0.32 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.42 by $0.10. The company had revenue of $193.89 million for the quarter, compared to the consensus estimate of $188.38 million. During the same quarter in the previous year, the company posted $0.27 earnings per share. The company’s revenue for the quarter was up 3.0% on a year-over-year basis. Analysts expect that Ducommun Incorporated will post $1.82 EPS for the current fiscal year.
Ducommun Incorporated (NYSE: DCO), through its subsidiaries, designs, engineers and manufactures aerostructure and electromechanical components and subassemblies, and provides engineering, technical and program management services for the aerospace industry.
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