Analyst Rating Update on Rockwell Automation (ROK)

Rockwell Automation (ROK) : 1 brokerage houses believe that Rockwell Automation (ROK) is a Strong Buy at current levels. 10 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Rockwell Automation (ROK). Zacks Investment Research suggests a Hold with a rank of 3. 2 analysts perceive the stock to be overvalued at the existing levels, hence their call is to Sell the stock. 3 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 16 Wall Street Analysts endorse the stock as a Hold with a rating of 3.33.

Rockwell Automation (ROK) : The highest short term price target forecast on Rockwell Automation (ROK) is $132 and the lowest target price is $91. A total of 12 equity analysts are currently covering the company. The average price of all the analysts is $107.17 with a standard deviation of $10.26.

Company shares have received an average consensus rating of Hold for the current week


Rockwell Automation (NYSE:ROK): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $112.90 and $112.38 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $114.91. The buying momentum continued till the end and the stock did not give up its gains. It closed at $114.66, notching a gain of 1.42% for the day. The total traded volume was 1,268,259 . The stock had closed at $113.05 on the previous day.

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.

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