B.Riley FBR analyst Mike Crawford maintained a Buy rating on Ducommun Inc (DCO) today and set a price target of $54. The company’s shares closed yesterday at $42.56.
Crawford said:
“Buy-rated Ducommun (DCO, $54 PT) rode a 1.1: book to bill to another record backlog, $884M, and handily beat both our $157M revenue/$16.9M EBITDA and consensus $159M/$18.6M projections with a $173M 1Q19 top-line print, together with $21.7M EBITDA. Further, while Boeing’s 737 MAX remains grounded and could be so for the duration of 2019, direct shipments to the company are continuing at the 42/month rate we have modeled, bolstered by DCO shipments to Spirit AeroSystems (SPR), which appear likely to remain at 52/month at least until April 2019 given Spirit’s separate agreement with Boeing (we believe designed to keep the supply chain intact and ready for a hoped-for subsequent re-ramp).”
According to TipRanks.com, Crawford is a 4-star analyst with an average return of 7.6% and a 56.0% success rate. Crawford covers the Consumer Goods sector, focusing on stocks such as Finjan Holdings, Kratos Defense, and Silicon Motion.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Ducommun Inc with a $51 average price target.
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Ducommun Inc’s market cap is currently $485.9M and has a P/E ratio of 54.68. The company has a Price to Book ratio of 1.89.
Based on the recent corporate insider activity of 44 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, defence, 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.
