Rockwell Collins (COL) was Downgraded by Canaccord Genuity to ” Hold” while Lowering the Price Target of the company shares to $ 94 from a previous price target of $100 . Earlier the firm had a rating of “Buy ” on the company shares. Canaccord Genuity advised their investors in a research report released on Jul 26, 2016.
Many Wall Street Analysts have commented on Rockwell Collins. Rockwell Collins was Initiated by Morgan Stanley to “Equal-Weight” on Jun 23, 2016.
On the company’s financial health, Rockwell Collins reported $1.63 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Jul 25, 2016. Analyst had a consensus of $1.59. The company had revenue of $1330.00 million for the quarter, compared to analysts expectations of $1345.59 million. The company’s revenue was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.33 EPS.
Rockwell Collins opened for trading at $86.5 and hit $87.11 on the upside on Wednesday, eventually ending the session at $86.9, with a gain of 0.64% or 0.55 points. The heightened volatility saw the trading volume jump to 4,88,847 shares. Company has a market cap of $11,314 M.
In a different news, on Jul 15, 2016, Bruce Michael King (Sr. VP, Operations) sold 3,174 shares at $85.48 per share price. According to the SEC, on Jul 13, 2016, Robert Kelly Ortberg (CEO & President) sold 25,474 shares at $84.49 per share price. On Jul 13, 2016, Philip J Jasper (Exec. VP & COO, Government Sys) sold 2,184 shares at $85.00 per share price, according to the Form-4 filing with the securities and exchange commission.
Rockwell Collins Inc. is engaged in design production and support of communications and aviation electronics for commercial and military customers around the world. The Companys products and systems are focused on aviation applications. It operates in two segments: Government Systems and Commercial Systems. The Companys Government Systems business provides a range of electronic products systems and services to customers. The Companys Commercial Systems business supplies aviation electronics systems products and services to customers located throughout the world. Its integrated system solutions and products cater to a range of markets. It also provides a range of services and support including equipment repair and overhaul service parts and field service engineering. It enables wireless distribution of digital information aboard the aircraft. Its portfolio of cabin products and services allows airlines to stream video content to approximately 250 passengers simultaneously.