Argus Starts Roper Industries (ROP) at Hold

October 19, 2016 7:46 AM EDT
Get Alerts ROP Hot Sheet
Price: $183.51 +0.25%

Rating Summary:
    8 Buy, 8 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 21 | Down: 31 | New: 25
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Argus initiates coverage on Roper Industries (NYSE: ROP) with a Hold rating, saying the stock is farily valued.

Although they view Roper as a well-run business, the company has faced earnings pressure in recent quarters due to weakness in the energy sector and global economic challenges.

The firm is setting a 2016 adjusted EPS forecast of $6.65, down 0.4% from 2015. They project a 9% increase in 2017, to $7.25.

For an analyst ratings summary and ratings history on Roper Industries click here. For more ratings news on Roper Industries click here.

Shares of Roper Industries closed at $172.52 yesterday.

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