Published: Sun, April 23, 2017
Health | By Jay Jacobs

Market Analyst's Target Price Forecasts: Rowan Companies plc's (RDC)


Analysts' mean recommendation for Rowan Companies plc (RDC) stands at 2.90. EPS long term mean growth rate estimated by 1 analysts is at -56.1%, whereas, the high and low Long term growth rate estimated at -56.1 and -56.1. While looking the figure depicted by the Price to Earning we can suggest that the shares of Rowan Companies plc (RDC) are overvalued. The original version of this news story can be viewed at https://www.com-unik.info/2017/04/16/scotiabank-reiterates-hold-rating-for-rowan-companies-plc-rdc-updated.html. Barclays PLC restated a "hold" rating and set a $19.00 price objective on shares of Rowan Companies PLC in a research note on Tuesday, January 10th. Three investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and seven have given a buy rating to the company. Current price level places the company's stock about -14.46% from the 52-week high and 17.06% away from the 52-week low.

Now the shares of Rowan Companies plc (RDC) has a trading volume of 5.26 Million shares, with an average trading volume of 2420 shares - with shares dropping to a 52 week low of $12.00, and the company's shares hitting a 52 week high of $ 21.68. 2,788,138 shares of the company's stock traded hands.

CBL stock's price is now -25.08% down from its 52-week high and +22.87% up from its 52-week low. The stock is now trading with a distance of 20-Day Simple Moving Average (SMA20) of -4.4%. Beta factor, which measures the riskiness of the security, was registered at 1.76.

For this year, Rowan Companies plc (NYSE:RDC) is performing -24.14%.

Another critical number in evaluating a stock is P/E or Price to Earnings ratio. Rowan Companies PLC had a net margin of 23.15% and a return on equity of 7.52%. The business had revenue of $351.80 million for the quarter, compared to analysts' expectations of $343.71 million. The firm's revenue for the quarter was down 34.3% compared to the same quarter a year ago.

COPYRIGHT VIOLATION WARNING: "Rowan Companies PLC (RDC) Stake Cut by Teachers Advisors LLC" was first published by Transcript Daily and is the sole property of of Transcript Daily. If you are reading this news story on another publication, it was illegally stolen and republished in violation of worldwide copyright & trademark legislation. The P/E ratio was recorded at 5.61.The volatility in the previous week has experienced by 3.41% and observed of 3.39% in the previous month.89.90% ownership is held by institutional investors while insiders hold ownership of 0.70%. LS Investment Advisors LLC now owns 8,012 shares of the oil and gas company's stock valued at $121,000 after buying an additional 430 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in shares of Rowan Companies PLC by 33.5% in the third quarter. Municipal Employees Retirement System of MI now owns 56,320 shares of the company's stock valued at $854,000 after buying an additional 800 shares during the last quarter. Oregon Public Employees Retirement Fund raised its stake in shares of Rowan Companies PLC by 2.1% in the third quarter. Oakbrook Investments LLC bought a new stake in shares of Rowan Companies PLC during the third quarter worth about $174,000. Guggenheim Capital LLC raised its position in Rowan Companies PLC by 25.1% in the fourth quarter.

Price Target is basically a projection of future price of a company's stock by the expert analysis of investment analysts or investment firms. Macquarie Group Ltd. raised its stake in shares of Rowan Companies PLC by 49.0% in the second quarter. Numeric Investors LLC now owns 373,149 shares of the oil and gas company's stock valued at $7,049,000 after buying an additional 130,600 shares during the period.

Rowan Companies plc (RDC) belongs to the "Basic Materials" sector with an industry focus on "Oil & Gas Drilling & Exploration", with Dr. Thomas P. Burke as Chief Exec. Officer, Pres and Director.

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