Bernstein upgraded Rockwell Automation (NYSE:ROK) from Underperform to Mkt Perform in a report released today.
- Updated: September 30, 2016
Bernstein has upgraded Rockwell Automation (NYSE:ROK) from Underperform to Mkt Perform in a report released on Friday September 30, 2016.
Previously on 5/11/2016, FBR Capital reported about Rockwell Automation (NYSE:ROK) raised the target price from $0.00 to $20.00. At the time, this indicated a possible downside of -0.82%.
Just yesterday Rockwell Automation (NYSE:ROK) traded 3.12% higher at $117.12. Rockwell Automation’s 50-day moving average is $116.78 and its 200-day moving average is $115.36. The last stock close price is up 4.70% relative to the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. Trade Volume was down over the average, with 405,400 shares of ROK changing hands under the typical 719,575
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Rockwell Automation has a 52 week low of $87.53 and a 52 week high of $120.90 with a PE ratio of 21.49 Rockwell Automation’s total market value is presently $0.
A total of 19 equity analysts have released a ratings update on ROK. 0 firms rating the stock a strong buy, 4 firms rating the stock a buy, fourteen analysts rating the company a hold, five analysts rating the company a underperform, and finally one analyst rating the company a sell with a one year target of $109.79.
More About Rockwell Automation (NYSE:ROK)
Rockwell Automation, Inc. (Rockwell Automation) is a provider of industrial automation power, control and information solutions for manufacturers. The Company operates through two segments: Architecture & Software and Control Products & Solutions. The Architecture & Software segment contains various hardware, software and communication components of the Company's integrated control and information architecture capable of controlling the customer's industrial processes and connecting with their manufacturing enterprise. Architecture & Software has a portfolio of products, including Control platforms that perform multiple control disciplines and monitoring of applications, including discrete, batch and continuous process, drives control, motion control and machine safety control. The Control Products & Solutions segment portfolio includes low and medium voltage electro-mechanical and electronic motor starters, signaling devices, termination and protection devices, relays and timers.
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