Rockwell Automation (ROK) Gets a Hold from Wells Fargo
Wells Fargo analyst Joe O’Dea maintained a Hold rating on Rockwell Automation on December 18 and set a price target of $380.00. The company’s shares closed last Friday at $391.62.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge-fund level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
O’Dea covers the Industrials sector, focusing on stocks such as Dover, Carrier Global, and 3M. According to TipRanks, O’Dea has an average return of 11.0% and a 63.31% success rate on recommended stocks.
Currently, the analyst consensus on Rockwell Automation is a Moderate Buy with an average price target of $413.47, which is a 5.58% upside from current levels. In a report released on December 17, Goldman Sachs also maintained a Hold rating on the stock with a $448.00 price target.
Based on Rockwell Automation’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $2.32 billion and a net profit of $138 million. In comparison, last year the company earned a revenue of $2.04 billion and had a net profit of $239.1 million
Read More on ROK:
Disclaimer & DisclosureReport an Issue
- Roku upgraded, Lockheed downgraded: Wall Street’s top analyst calls
- Rockwell Automation upgraded to Neutral from Sell at Goldman Sachs
- Costco downgraded, Dollar General upgraded: Wall Street’s top analyst calls
- Rockwell Automation initiated with an In Line at Evercore ISI
- Rockwell Automation price target raised to $470 from $450 at Jefferies
