Canaccord Genuity Downgrades Rockwell Collins to Hold

Brokerage firm Canaccord Genuity Downgrades its rating on Rockwell Collins(NYSE:COL). The shares have been rated Hold. Previously, the analysts had a Buy rating on the shares. The rating by Canaccord Genuity was issued on Jul 26, 2016.

Rockwell Collins (COL) shares turned negative on Fridays trading session with the shares closing down -0.6 points or -0.70% at a volume of 8,85,796. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $85.17. The peak price level was also seen at $85.17 while the days lowest was $83.93. Finally the shares closed at $84.62. The 52-week high of the shares is $95.11 while the 52-week low is $76.03. According to the latest information available, the market cap of the company is $10,995 M.

Rockwell Collins(COL) last announced its earnings results on Jul 25, 2016 for Fiscal Year 2016 and Q3.Company reported revenue of $1.33B. Analysts had an estimated revenue of $1.35B. Earnings per share were $1.63. Analysts had estimated an EPS of $1.58.

Several Insider Transactions has been reported to the SEC. On Jul 15, 2016, Bruce Michael King (Sr. VP, Operations) sold 3,174 shares at $85.48 per share price.Also, On Jul 13, 2016, Robert Kelly Ortberg (CEO & President) sold 25,474 shares at $84.49 per share price.On Jul 13, 2016, Philip J Jasper (Exec. VP & COO, Government Sys) sold 2,184 shares at $85.00 per share price, according to the Form-4 filing with the securities and exchange commission.

Rockwell Collins Inc. is engaged in design production and support of communications and aviation electronics for commercial and military customers around the world. The Company’s products and systems are focused on aviation applications. It operates in two segments: Government Systems and Commercial Systems. The Company’s Government Systems business provides a range of electronic products systems and services to customers. The Company’s Commercial Systems business supplies aviation electronics systems products and services to customers located throughout the world. Its integrated system solutions and products cater to a range of markets. It also provides a range of services and support including equipment repair and overhaul service parts and field service engineering. It enables wireless distribution of digital information aboard the aircraft. Its portfolio of cabin products and services allows airlines to stream video content to approximately 250 passengers simultaneously.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *