Nomura Securities Maintains a 'Neutral' on Rockwell Automation (ROK); FY4Q Review
Tweet
Share
E-mailGet Alerts ROK Hot Sheet
Price: $433.67 -2.46%
Rating Summary:
17 Buy, 28 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 7 | Down: 16 | New: 37
Rating Summary:
17 Buy, 28 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 7 | Down: 16 | New: 37
Join SI Premium – FREE
Nomura Securities maintains a 'Neutral' on Rockwell Automation (NYSE: ROK) price target raised from $65 to $77.
Nomura analyst, Shannon O’Callaghan, said, "Europe and China did slow in 4Q, but the U.S. posted an unusually strong quarter, driving the beat. Rockwell’s U.S. revenues grew 9% sequentially in 4Q vs. a five-year average of around 0%, with a range of +2.9% to -3.4%, and we think this looks a little too strong. One factor that boosted 4Q but could give some back in 1Q was the Solutions business, which saw an unusually high percentage of projects clear through to revenue recognition in 4Q (year-end incentives?). The company also notes customers sounding more cautious on setting capex budgets for calendar 2012. We raise our 2012E EPS from $4.65 to $5.10 and introduce our 2013E of $5.65."
For an analyst ratings summary and ratings history on Rockwell Automation click here. For more ratings news on Rockwell Automation click here.
Shares of Rockwell Automation closed at $74.33 yesterday.
Nomura analyst, Shannon O’Callaghan, said, "Europe and China did slow in 4Q, but the U.S. posted an unusually strong quarter, driving the beat. Rockwell’s U.S. revenues grew 9% sequentially in 4Q vs. a five-year average of around 0%, with a range of +2.9% to -3.4%, and we think this looks a little too strong. One factor that boosted 4Q but could give some back in 1Q was the Solutions business, which saw an unusually high percentage of projects clear through to revenue recognition in 4Q (year-end incentives?). The company also notes customers sounding more cautious on setting capex budgets for calendar 2012. We raise our 2012E EPS from $4.65 to $5.10 and introduce our 2013E of $5.65."
For an analyst ratings summary and ratings history on Rockwell Automation click here. For more ratings news on Rockwell Automation click here.
Shares of Rockwell Automation closed at $74.33 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Marvell (MRVL) PT Raised to $225 at TD Cowen
- Rockwell Automation (ROK) PT Raised to $514 at Bernstein SocGen Group
- Freedom Capital Starts Hut 8 Mining Corp. (HUT) at Buy
Create E-mail Alert Related Categories
Analyst CommentsRelated Entities
NomuraSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
