Rockwell Automation (ROK) Receives Price Target

Rockwell Automation (ROK) : 10 Wall Street analysts covering Rockwell Automation (ROK) believe that the average level the stock could reach for the short term is $108.9. The maximum price target given is $126 and the minimum target for short term is around $100, hence the standard deviation is calculated at $7.84.

Rockwell Automation (ROK) has an average broker rating of 3.09, which is interpreted as a Hold, as rated by 14 equity analysts. Nonetheless, 1 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 10 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 1 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company. 2 considers that the stock is a Sell.


Also, Equity Analysts at the Barclays maintains the rating on Rockwell Automation (NYSE:ROK). The brokerage firm has issued a Equalweight rating on the shares. The Analysts at the ratings agency lowers the price target from $120 per share to $118 per share. The rating by the firm was issued on July 28, 2016.

Rockwell Automation (NYSE:ROK): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $116.13 and $115.14 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $116.57. The buying momentum continued till the end and the stock did not give up its gains. It closed at $116.43, notching a gain of 0.43% for the day. The total traded volume was 595,303 . The stock had closed at $115.93 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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