Oppenheimer Stick to Their Buy Rating for Rockwell Automation Inc

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Oppenheimer analyst Noah Kaye maintained a Buy rating on Rockwell Automation Inc (NYSE:ROK) on Friday, setting a price target of $247, which is approximately 12.60% above the present share price of $219.37.

Kaye expects Rockwell Automation Inc to post earnings per share (EPS) of $1.14 for the third quarter of 2020.

The current consensus among 13 TipRanks analysts is for a Hold rating of shares in Rockwell Automation, with an average price target of $221.92.
The analysts price targets range from a high of $270 to a low of $155.

In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $1.68 billion and a net profit of $346.8 million. The company’s market cap is $26.04 billion.

According to TipRanks.com, Oppenheimer analyst Noah Kaye is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 7.3% and a 58.75% success rate.

Rockwell Automation, Inc. engages in the provision of industrial automation and information services. It operates through the following segments: Architecture and Software, and Control Products and Solutions . The Architecture and Software segment contains hardware, software, and communication components of its integrated control and information architecture which are capable of controlling the customer’s industrial processes and connecting with their business enterprise. The Control Products and Solutions segment combines a portfolio of intelligent motor control and industrial control products, application expertise, and project management capabilities. The company was founded in 1928 and is headquartered in Milwaukee, WI.

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