B.Riley FBR Remains a Buy on Ducommun Inc

B.Riley FBR analyst Mike Crawford maintained a Buy rating on Ducommun Inc (NYSE: DCO) today and set a price target of $39. The company’s shares opened today at $31.68.

Crawford said:

“Buy-rated Ducommun (DCO), at $30.08/sh trading at about two turns of trailing twelve-month EBITDA below our $39 PT, reports 1Q18 results after the market close on and will hold its earnings call at 5:00pm ET, with dial in at and conference ID: 1979663. We model revenue and EBITDA of $139M and $12.6M, below consensus of $143M and $13.6M, respectively. We also look for GAAP and pro forma EPS of $0.01 and $0.22, similarly below consensus $0.13 (GAAP) and $0.33 (pro forma). Despite the apparent disparity of estimates, investors should not read that we are bearish on DCO or its prospects.”

According to TipRanks.com, Crawford is a 4-star analyst with an average return of 6.9% and a 55.0% success rate. Crawford covers the Consumer Goods sector, focusing on stocks such as CPI Aerostructures, Finjan Holdings, and Kratos Defense.

Currently, the analyst consensus on Ducommun Inc is Moderate Buy and the average price target is $37.50, representing a 18.4% upside.

In a report issued on May 6, Canaccord Genuity also maintained a Buy rating on the stock with a $36 price target.

See today’s analyst top recommended stocks >>

The company has a one-year high of $35.55 and a one-year low of $25.06. Currently, Ducommun Inc has an average volume of 40.68K.

Based on the recent corporate insider activity of 43 insiders, corporate insider sentiment is negative on the stock.

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.

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.