In a report released today, Kenneth Herbert from Canaccord Genuity maintained a Hold rating on Rockwell Collins (NYSE: COL), with a price target of $140. The company’s shares opened today at $138.29, close to its 52-week high of $139.63.
Herbert wrote:
“We believed that COL believed its acquisition by United Technologies would have been complete by this time, and it would not ultimately be reporting its Q3/18 results. However, we believe the final sign off in some countries, such as China, is taking longer than anticipated. We still see the deal closing before the end of COL’s 2018 fiscal year. We are maintaining our HOLD rating and our $140 price target.”
According to TipRanks.com, Herbert is a 5-star analyst with an average return of 12.9% and a 66.1% success rate. Herbert covers the Consumer Goods sector, focusing on stocks such as Transdigm Group Inc, CPI Aerostructures, and Spirit AeroSystems.
Rockwell Collins has an analyst consensus of Hold, with a price target consensus of $135, a -2.4% downside from current levels. In a report issued on July 27, Cowen & Co. also assigned a Hold rating to the stock with a $135 price target.
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The company has a one-year high of $139.63 and a one-year low of $105.04. Currently, Rockwell Collins has an average volume of 1.16M.
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Rockwell Collins, Inc. manufactures communication and aviation electronic products. The company operates its business through following segments: Interior Systems, Commercial Systems, Government Systems, and Information Management Services.
