Rockwell Automation (ROK) : The consensus on Rockwell Automation (ROK) based on 13 analyst recommendation on the company stock is 3.1, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 1 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 9 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock. 2 analyst also believes that the downside risk to the stock is higher and suggests a Sell on Rockwell Automation (ROK).
Rockwell Automation (ROK) : The most positive equity analysts on Rockwell Automation (ROK) expects the shares to touch $126, whereas, the least positive believes that the stock will trade at $100 in the short term. The company is covered by 10 Wall Street Brokerage Firms. The average price target for shares are $110 with an expected fluctuation of $8 from the mean.
Also, Major Brokerage house, Barclays maintains its ratings on Rockwell Automation (NYSE:ROK). In the latest research report, Barclays lowers the target price from $120 per share to $118 per share. According to the latest information available, the shares are now rated Equalweight by the analysts at the agency. The rating by the firm was issued on July 28, 2016.
Rockwell Automation (NYSE:ROK): After opening at $114.74, the stock dipped to an intraday low of $114.33 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $115.65 and the buying power remained strong till the end. The stock closed at $115.45 for the day, a gain of 0.79% for the day session. The total traded volume was 736,022. The stocks close on the previous trading day was $114.55.
Rockwell Automation, Inc. (Rockwell Automation), is a provider of industrial automation power, control and information solutions that help manufacturers achieve a competitive advantage for their businesses. The Company operates in two segments: Architecture & Software, which deals in hardware, software and communication components of the organization, and controls Products & Solutions that handles a portfolio of intelligent motor control and industrial control products, application expertise and project management capabilities. In the United States, Canada and certain other countries, the Company sells primarily through the independent distributors in conjunction with its direct sales force. In the remaining countries, the Company sells through a combination of its direct sales force.