Canaccord Genuity Upgrades Ducommun Incorporated to Buy

Brokerage firm Canaccord Genuity Upgrades its rating on Ducommun Incorporated(NYSE:DCO). The shares have been rated Buy. Previously, the analysts had a Hold rating on the shares. The rating by Canaccord Genuity was issued on Jun 10, 2016.

Ducommun Incorporated (DCO) shares turned negative on Wednesdays trading session with the shares closing down -0.18 points or -0.92% at a volume of 34,891. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $19.58. The peak price level was also seen at $19.58 while the days lowest was $19.12. Finally the shares closed at $19.3. The 52-week high of the shares is $27 while the 52-week low is $12.28. According to the latest information available, the market cap of the company is $215 M.

Ducommun Incorporated(DCO) last announced its earnings results on May 9, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $142.15M. Analysts had an estimated revenue of $145.76M. Earnings per share were $0.11. Analysts had estimated an EPS of $0.28.

Several Insider Transactions has been reported to the SEC. On Dec 30, 2015, Joseph C Berenato (director) sold 10,000 shares at $16.28 per share price.Also, On Dec 9, 2015, Douglas L Groves (VP & Controller) purchased 2,500 shares at $16.12 per share price.On Nov 17, 2015, Anthony J Reardon (CEO) purchased 3,000 shares at $16.28 per share price, according to the Form-4 filing with the securities and exchange commission.

Ducommun Incorporated is a global provider of engineering and manufacturing services. The Company offers a range of products and applications used in the aerospace defense industrial natural resources medical and other industries. It is a solution-based provider offering a range of value-added products and services in its primary businesses of electronics structures and integrated solutions. The Company’s operating segments include Ducommun LaBarge Technologies (DLT) and Ducommun AeroStructures (DAS). DLT designs engineers and manufactures products used in markets including aerospace defense natural resources industrial and medical and other end-use markets. DAS designs engineers and manufactures contoured aerospace structural components and assemblies and supplies composite and metal bonded structures and assemblies. DAS’s products are used on commercial aircraft military fixed-wing aircraft and military and commercial rotary-wing aircraft.

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