Analysts fell to the sidelines weighing in on Amer Superconductor (NASDAQ: AMSC), Rockwell Automation Inc (NYSE: ROK) and Commercial Metals Company (NYSE: CMC) with neutral ratings,indicating that the experts are neither bullish nor bearish on the stocks.
Amer Superconductor (NASDAQ: AMSC)
B.Riley FBR analyst Carter Driscoll maintained a Hold rating on Amer Superconductor (NASDAQ: AMSC) yesterday and set a price target of $7. The company’s shares opened today at $6.57, close to its 52-week high of $7.15.
According to TipRanks.com, Driscoll ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -8.4% and a 31.5% success rate. Driscoll covers the Consumer Goods sector, focusing on stocks such as SolarEdge Technologies, Enphase Energy, and Plug Power.
Amer Superconductor has an analyst consensus of Moderate Buy, with a price target consensus of $7.25.
See today’s analyst top recommended stocks >>
Rockwell Automation Inc (NYSE: ROK)
In a report released yesterday, Noah Kaye from Oppenheimer assigned a Hold rating to Rockwell Automation Inc (NYSE: ROK). The company’s shares opened today at $178.95.
Kaye said:
“ROK announced a strategic partnership with $1B equity investment in IIoT platform vendor PTC. The move is consistent with ROK’s strategy of leveraging a best-in-class partnership network to provide comprehensive, flexible solutions to its customers. Rather than commit to a large, non-core software acquisition, ROK is deploying cash into a growth market while maintaining flexibility for incremental M&A. We see two primary benefits for ROK: (1) acceleration of software/services revenue growth via cross-selling and (2) potential appreciation of its investment in PTC, which could update its long-term financial targets at an Investor Day next Monday. We remain on the sidelines pending that update and our ROK HQ visit next Wednesday.”
According to TipRanks.com, Kaye is a 4-star analyst with an average return of 5.2% and a 52.4% success rate. Kaye covers the Industrial Goods sector, focusing on stocks such as BorgWarner, Cummins, and EnerSys.
Rockwell Automation Inc has an analyst consensus of Hold, with a price target consensus of $180.20.
Commercial Metals Company (NYSE: CMC)
In a report released today, Alexander Hacking from Citigroup maintained a Hold rating on Commercial Metals Company (NYSE: CMC), with a price target of $24. The company’s shares opened today at $24.54.
Hacking has an average return of 3.2% when recommending Commercial Metals Company.
According to TipRanks.com, Hacking is ranked #1493 out of 4829 analysts.
Commercial Metals Company has an analyst consensus of Hold, with a price target consensus of $25.80.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
