Rockwell Automation (NYSE:ROK) Target Raised by Morgan Stanley to $220.00

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Rockwell Automation stock has undergone multiple analysts rating changes in the recent past.  Rockwell Automation stock Target Raised by   Morgan Stanley on 6/30/2020. In a note to investors, the firm issued a new target price of $220.00. The analysts previously had $177.00 target price. Morgan Stanley’s price target would indicate a potential upside of 5.43% from the stock’s previous close.

Shares of Rockwell Automation traded up $3.27 on Tuesday, reaching $211.94. 154601 shares of the stock traded hands, compared to its average volume of 1044793. Shares of were trading at $211.94 on Tuesday. The firm’s 50 day moving average is $$202.23 and its 200 day moving average is $186.67.Rockwell Automation  has a 12 month low of $208.89 and a 12 month high of $230.71. While on yearly highs and lows, Rockwell Automation today has traded high as $212.02 and has touched $208.89 on the downward trend.

Rockwell Automation Earnings and What to expect: 

Rockwell Automation last issued its quarterly earnings data on April 28th, 2020. The industrial products company reported $2.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.82 by $0.61. The company earned $1.68 billion during the quarter, compared to analysts’ expectations of $1.61 billion. Its revenue was up 1.5% on a year-over-year basis. Rockwell Automation has generated $8.67 earnings per share over the last year and currently has a price-to-earnings ratio of 34.8. Rockwell Automation has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Thursday, July 23rd, 2020 based off prior year’s report dates.

Earnings for Rockwell Automation are expected to grow by 4.87% in the coming year, from $7.18 to $7.53 per share. The P/E ratio of Rockwell Automation is 34.82, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 16.26. The P/E ratio of Rockwell Automation is 34.82, which means that it is trading at a more expensive P/E ratio than the Industrial Products sector average P/E ratio of about 19.76. Rockwell Automation has a PEG Ratio of 5.26. PEG Ratios above 1 indicate that a company could be overvalued. Rockwell Automation has a P/B Ratio of 61.17. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Latest Insiders Trading and Volume : 

  • Insider Ownership Percentage: 0.77%
  • On 6/8/2020 SVP John A Genovesi Sell 51 at average share price of $226.53 which equates to $11,553.03 in money value.
  • On 5/28/2020 CFO Patrick P Goris Sell 3,300 at average price of  $220.00 with total value of : Not Data Available
  • On 5/28/2020 VP Steven W Etzel Sell 1,700 at average price of  $218.26 with total value of : $371,042.00
  • See More Analyst Rating at: RATING

Other Analyst’s rating for Rockwell Automation

  • 5/26/2020 – Rockwell Automation was upgraded by analysts at Bank of America Corp from a “neutral” rating to a “buy” rating. They now have a $250.00 price target on the stock.
  • 5/8/2020 – Rockwell Automation had its price target raised by analysts at UBS Group AG from $161.00 to $200.00. They now have a “neutral” rating on the stock.
  • 5/1/2020 – Rockwell Automation was downgraded by analysts at Gabelli from a “hold” rating to a “sell” rating.
  • 4/30/2020 – Rockwell Automation was downgraded by analysts at G.Research, Llc from a “hold” rating to a “sell” rating.
  • See More Analyst Rating at: RATING

Other rating updates by Morgan Stanley: 

  • 6/30/2020 – Emerson Electric had its price target raised by analysts at Morgan Stanley from $54.00 to $59.00. They now have an “equal weight” rating on the stock.
  • 6/30/2020 – Gates Industrial had its price target raised by analysts at Morgan Stanley from $9.00 to $11.00. They now have an “equal weight” rating on the stock.
  • 6/30/2020 – Plug Power had its price target raised by analysts at Morgan Stanley from $6.00. They now have an “equal weight” rating on the stock.
  • 6/30/2020 – Restaurant Brands International had its price target raised by analysts at Morgan Stanley from $60.00 to $62.00. They now have an “overweight” rating on the stock.
  • See More Analyst Rating at: RATING

Rockwell Automation (NYSE:ROK) Moving Average Technical Analysis

5 day Moving Average is $$207.61 And 5 day price change is $2.21 (1.06%)  with average volume for 5 day average is 669,080. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $213.02 and 20 day price change is -$6.69 (-3.07%) and average 20 day moving volume is 903,505. 50 day moving average is $202.23  and 50 day price change is $42.36 ( 25.13%)  and with average volume for 50 days is : 1,057,580. 200 day moving average is $186.67  and 200 day price change is $44.15 (26.48%)  and with average volume for 200 days is : 1,030,733.

See More Analyst Rating at: RATING