Rowan Companies plc Class A Ord (NYSE:RDC).
On September 23 the stock rating was downgraded to “Neutral” from “Outperform” with a current price target of $13.00 in an announcement from Credit Suisse. Credit Suisse downgraded the stock and lowered the price target on September 23 changing the price objective from $16.00 to $13.00 and altering the rating from “Outperform” to “Neutral”.
On September 19 the company was upgraded from “” to “Buy” in a report issued by Zephrin Group. Scotia Howard Weil initiated coverage on the stock giving it an initial rating of “Sector Perform”.
August 25 investment analysts at Citigroup made no change to the stock rating of “Neutral” and lowered the price expectation to $15.00 from $18.00.
The company is now up by 1.27 percent from yesterday’s close. Shares of the company are trading at $13.52 which is just over $13.31, the 50 day moving average and a bit lower than the 200 day moving average of $16.01. The 50 day moving average went up $0.21 or +1.5750% and the 200 day average went down by -15.5764%.
The most current P/E ratio is 7.5519 and market cap is 1.70B. In the last earnings report the EPS was $1.79 and is expected to be $1.68 for the current year with 125,420,000 shares currently outstanding. Next quarter’s EPS is estimated at $-0.04 and the next full year EPS is projected to be $-0.39.