B.Riley FBR Believes Ducommun Inc (DCO) Won’t Stop Here

In a report released yesterday, Mike Crawford from B.Riley FBR maintained a Buy rating on Ducommun Inc (DCO), with a price target of $48.50. The company’s shares opened today at $42.74, close to its 52-week high of $45.62.

Crawford said:

“Buy-rated Ducommun (DCO, $48.50 PT) reports 4Q18 results after the market close on and will hold its earnings call at 5:00pm ET (dial-in: and conference ID: 7476038). We model revenue and EBITDA of $157M and $18.4M, above consensus of $156M and EBITDA of $17.7M, respectively. We also look for GAAP EPS and pro forma EPS of $0.33 and $0.54, relative to consensus $0.34/$0.44.”

According to TipRanks.com, Crawford is a 5-star analyst with an average return of 8.7% and a 59.4% success rate. Crawford covers the Consumer Goods sector, focusing on stocks such as Kratos Defense, Silicon Motion, and SMTC Corp.

Currently, the analyst consensus on Ducommun Inc is a Moderate Buy with an average price target of $47.75.

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Based on Ducommun Inc’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $4.17 million. In comparison, last year the company had a net profit of $9.48 million.

Based on the recent corporate insider activity of 42 insiders, corporate insider sentiment is negative on the stock.

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Ducommun, Inc. engages in the provision of engineering and manufacturing services to the aerospace, defense, industrial, and medical industries. It operates through the Electronic Systems and Structural Systems business segment. The Electronic Systems segment offers electronic and electromechanical products used in worldwide technology-driven markets.

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