Noble Financial analyst Ben Klieve reiterated a Buy rating on Ducommun Inc (NYSE: DCO) yesterday and set a price target of $42. The company’s shares closed yesterday at $40.82, close to its 52-week high of $41.24.
According to TipRanks.com, Klieve is a 4-star analyst with an average return of 6.7% and a 70.5% success rate. Klieve covers the Consumer Goods sector, focusing on stocks such as Albany International Corp, CPI Aerostructures, and Faro Technologies.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Ducommun Inc with a $42 average price target.
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Based on Ducommun Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $1.59 million. In comparison, last year the company had a net profit of $3.82 million.
Based on the recent corporate insider activity of 40 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.
