Ducommun (NYSE:DCO) Given New $95.00 Price Target at Royal Bank Of Canada

Ducommun (NYSE:DCO - Get Free Report) had its price target upped by equities research analysts at Royal Bank Of Canada from $72.00 to $95.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has an "outperform" rating on the aerospace company's stock. Royal Bank Of Canada's target price indicates a potential upside of 13.45% from the stock's current price.

DCO has been the topic of a number of other research reports. B. Riley reissued a "buy" rating on shares of Ducommun in a research report on Wednesday, May 7th. Truist Financial lifted their price objective on shares of Ducommun from $76.00 to $87.00 and gave the company a "buy" rating in a report on Thursday, June 12th. The Goldman Sachs Group boosted their price objective on shares of Ducommun from $84.00 to $94.00 and gave the stock a "buy" rating in a research report on Monday, June 23rd. Finally, Wall Street Zen raised shares of Ducommun from a "buy" rating to a "strong-buy" rating in a research report on Wednesday, May 7th. Four equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $92.00.

Ducommun Stock Up 1.1%

Shares of NYSE:DCO traded up $0.89 during midday trading on Thursday, reaching $83.74. 14,394 shares of the company were exchanged, compared to its average volume of 83,054. The firm has a market cap of $1.25 billion, a PE ratio of 35.97 and a beta of 1.36. The company has a quick ratio of 2.20, a current ratio of 3.34 and a debt-to-equity ratio of 0.33. Ducommun has a fifty-two week low of $51.76 and a fifty-two week high of $86.64. The stock has a fifty day simple moving average of $70.79 and a two-hundred day simple moving average of $64.79.

Ducommun (NYSE:DCO - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The aerospace company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.20. The firm had revenue of $194.11 million for the quarter, compared to the consensus estimate of $192.30 million. Ducommun had a return on equity of 7.61% and a net margin of 4.45%. The company's revenue for the quarter was up 1.7% on a year-over-year basis. During the same quarter last year, the business posted $0.70 EPS. As a group, sell-side analysts forecast that Ducommun will post 3.21 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of DCO. Rafferty Asset Management LLC boosted its holdings in shares of Ducommun by 4.9% in the 4th quarter. Rafferty Asset Management LLC now owns 3,481 shares of the aerospace company's stock valued at $222,000 after buying an additional 164 shares during the last quarter. Arizona State Retirement System raised its position in Ducommun by 4.8% during the first quarter. Arizona State Retirement System now owns 3,815 shares of the aerospace company's stock worth $221,000 after acquiring an additional 176 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Ducommun by 3.3% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,731 shares of the aerospace company's stock valued at $492,000 after acquiring an additional 247 shares during the last quarter. PNC Financial Services Group Inc. grew its position in shares of Ducommun by 12.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,298 shares of the aerospace company's stock valued at $146,000 after acquiring an additional 261 shares during the period. Finally, Martingale Asset Management L P increased its stake in shares of Ducommun by 0.9% during the 1st quarter. Martingale Asset Management L P now owns 35,286 shares of the aerospace company's stock worth $2,048,000 after purchasing an additional 301 shares during the last quarter. 92.15% of the stock is currently owned by institutional investors.

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.

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