Ducommun (NYSE:DCO) Price Target Raised to $95.00 at Royal Bank Of Canada

Ducommun (NYSE:DCO) had its price objective raised by analysts at Royal Bank Of Canada from $72.00 to $95.00 in a report issued on Thursday,Benzinga reports. The firm presently has an “outperform” rating on the aerospace company’s stock. Royal Bank Of Canada’s target price points to a potential upside of 12.07% from the company’s current price.

Several other brokerages also recently issued reports on DCO. Wall Street Zen upgraded shares of Ducommun from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, May 7th. The Goldman Sachs Group raised their price objective on shares of Ducommun from $84.00 to $94.00 and gave the stock a “buy” rating in a research note on Monday, June 23rd. B. Riley restated a “buy” rating on shares of Ducommun in a research note on Wednesday, May 7th. Finally, Truist Financial lifted their price target on shares of Ducommun from $76.00 to $87.00 and gave the stock a “buy” rating in a research note on Thursday, June 12th. Four research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $92.00.

Ducommun Trading Up 2.3%

Shares of DCO stock opened at $84.77 on Thursday. Ducommun has a 12 month low of $51.76 and a 12 month high of $86.64. The company has a quick ratio of 2.20, a current ratio of 3.34 and a debt-to-equity ratio of 0.33. The business’s 50 day moving average is $71.91 and its two-hundred day moving average is $65.07. The company has a market cap of $1.26 billion, a PE ratio of 36.38 and a beta of 1.36.

Ducommun (NYSE:DCO) last announced its quarterly earnings data on Tuesday, May 6th. The aerospace company reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.20. The business had revenue of $194.11 million for the quarter, compared to the consensus estimate of $192.30 million. Ducommun had a net margin of 4.45% and a return on equity of 7.61%. Ducommun’s quarterly revenue was up 1.7% on a year-over-year basis. During the same quarter last year, the company posted $0.70 earnings per share. Equities analysts predict that Ducommun will post 3.21 EPS for the current year.

Institutional Investors Weigh In On Ducommun

A number of institutional investors have recently bought and sold shares of DCO. Bank of New York Mellon Corp boosted its stake in Ducommun by 1.1% during the fourth quarter. Bank of New York Mellon Corp now owns 40,454 shares of the aerospace company’s stock worth $2,575,000 after buying an additional 430 shares in the last quarter. US Bancorp DE boosted its stake in Ducommun by 49.9% during the fourth quarter. US Bancorp DE now owns 1,327 shares of the aerospace company’s stock worth $84,000 after buying an additional 442 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Ducommun during the fourth quarter worth $6,737,000. PNC Financial Services Group Inc. boosted its stake in Ducommun by 12.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,298 shares of the aerospace company’s stock worth $146,000 after buying an additional 261 shares in the last quarter. Finally, AlphaQuest LLC boosted its stake in Ducommun by 32,550.0% during the fourth quarter. AlphaQuest LLC now owns 5,224 shares of the aerospace company’s stock worth $333,000 after buying an additional 5,208 shares in the last quarter. Institutional investors and hedge funds own 92.15% of the company’s stock.

About Ducommun

Ducommun Incorporated provides engineering and manufacturing services for products and applications used primarily in the aerospace and defense, industrial, medical, and other industries in the United States. The company operates through two segments, Electronic Systems and Structural Systems. The Electronic Systems segment provides cable assemblies and interconnect systems; printed circuit board assemblies; electronic, electromechanical, and mechanical components and assemblies, as well as lightning diversion systems; and radar enclosures, aircraft avionics racks, shipboard communications and control enclosures, printed circuit board assemblies, cable assemblies, wire harnesses, interconnect systems, lightning diversion strips, surge suppressors, conformal shields, and other assemblies.