Today Canaccord Genuity Reconfirms a “Buy” Rating on Ducommun Inc (NYSE:DCO) and a $36.0 Target Price

September 17, 2017 - By Clifton Ray

 Today Canaccord Genuity Reconfirms a

Investors sentiment increased to 1.61 in Q4 2016. Its up 0.22, from 1.39 in 2016Q3. It is positive, as 2 investors sold Ducommun Incorporated shares while 31 reduced holdings. 20 funds opened positions while 33 raised stakes. 9.12 million shares or 6.71% more from 8.54 million shares in 2016Q3 were reported.

Zacks Invest Management invested in 0.03% or 46,189 shares. Moreover, Gabelli Funds Ltd Llc has 0.01% invested in Ducommun Incorporated (NYSE:DCO). Metropolitan Life Insurance has invested 0% in Ducommun Incorporated (NYSE:DCO). Commercial Bank Of America Corporation De reported 1,429 shares or 0% of all its holdings. Wells Fargo & Company Mn accumulated 52,599 shares. 1St Global Advsr invested in 0.03% or 8,756 shares. Paradigm Cap Mgmt Inc New York owns 613,400 shares. Moreover, Schwab Charles Management has 0% invested in Ducommun Incorporated (NYSE:DCO). Bnp Paribas Arbitrage reported 818 shares or 0% of all its holdings. Vanguard reported 412,562 shares stake. Thompson Davis & reported 250 shares. National Bank Of Ny Mellon Corp holds 45,230 shares. 54,589 are held by Federated Investors Pa. The New York-based D E Shaw & Inc has invested 0% in Ducommun Incorporated (NYSE:DCO). 270,887 were accumulated by Lsv Asset Mgmt.

Since March 16, 2017, it had 2 insider purchases, and 3 sales for $163,139 activity. Oswald Stephen G bought $290,303 worth of stock or 10,700 shares. $175,842 worth of Ducommun Incorporated (NYSE:DCO) was sold by HEISER JAMES S on Wednesday, March 29. BERENATO JOSEPH C sold $81,054 worth of stock. Another trade for 1,500 shares valued at $48,015 was sold by Wampler Christopher D..

Ducommun Inc (NYSE:DCO) Rating Reaffirmed

They currently have a $36.0 target price per share on Ducommun Inc (NYSE:DCO). The target price by Canaccord Genuity would suggest a potential upside of 24.18 % from the company’s last stock close. This has been released in a report on Tuesday morning.

Investors sentiment increased to 1.61 in Q4 2016. Its up 0.22, from 1.39 in 2016Q3. It is positive, as 2 investors sold Ducommun Incorporated shares while 31 reduced holdings. 20 funds opened positions while 33 raised stakes. 9.12 million shares or 6.71% more from 8.54 million shares in 2016Q3 were reported.

Zacks Invest Management invested in 0.03% or 46,189 shares. Moreover, Gabelli Funds Ltd Llc has 0.01% invested in Ducommun Incorporated (NYSE:DCO). Metropolitan Life Insurance has invested 0% in Ducommun Incorporated (NYSE:DCO). Commercial Bank Of America Corporation De reported 1,429 shares or 0% of all its holdings. Wells Fargo & Company Mn accumulated 52,599 shares. 1St Global Advsr invested in 0.03% or 8,756 shares. Paradigm Cap Mgmt Inc New York owns 613,400 shares. Moreover, Schwab Charles Management has 0% invested in Ducommun Incorporated (NYSE:DCO). Bnp Paribas Arbitrage reported 818 shares or 0% of all its holdings. Vanguard reported 412,562 shares stake. Thompson Davis & reported 250 shares. National Bank Of Ny Mellon Corp holds 45,230 shares. 54,589 are held by Federated Investors Pa. The New York-based D E Shaw & Inc has invested 0% in Ducommun Incorporated (NYSE:DCO). 270,887 were accumulated by Lsv Asset Mgmt.

Since March 16, 2017, it had 2 insider purchases, and 3 sales for $163,139 activity. Oswald Stephen G bought $290,303 worth of stock or 10,700 shares. $175,842 worth of Ducommun Incorporated (NYSE:DCO) was sold by HEISER JAMES S on Wednesday, March 29. BERENATO JOSEPH C sold $81,054 worth of stock. Another trade for 1,500 shares valued at $48,015 was sold by Wampler Christopher D..

Ducommun Incorporated (NYSE:DCO) Ratings Coverage

Among 5 analysts covering Ducommun (NYSE:DCO), 3 have Buy rating, 0 Sell and 2 Hold. Therefore 60% are positive. Ducommun has $36 highest and $25 lowest target. $29.67’s average target is 2.35% above currents $28.99 stock price. Ducommun had 12 analyst reports since August 6, 2015 according to SRatingsIntel. Canaccord Genuity maintained the stock with “Buy” rating in Wednesday, April 12 report. Canaccord Genuity maintained the stock with “Buy” rating in Tuesday, September 12 report. The company was upgraded on Friday, June 10 by Canaccord Genuity. The company was downgraded on Tuesday, December 6 by B. Riley & Co. The stock of Ducommun Incorporated (NYSE:DCO) earned “Buy” rating by Canaccord Genuity on Thursday, August 10. The rating was maintained by DA Davidson with “Neutral” on Monday, September 14. As per Friday, May 5, the company rating was upgraded by B. Riley & Co. FBR Capital maintained it with “Outperform” rating and $28 target in Thursday, November 5 report. Canaccord Genuity maintained the shares of DCO in report on Friday, August 4 with “Buy” rating. The stock of Ducommun Incorporated (NYSE:DCO) has “Buy” rating given on Wednesday, June 21 by Canaccord Genuity.

The stock increased 1.12% or $0.32 on September 15, reaching $28.99. About 81,373 shares traded or 49.31% up from the average. Ducommun Incorporated (NYSE:DCO) has risen 80.38% since September 17, 2016 and is uptrending. It has outperformed by 63.68% the S&P500.

Wall Street await Ducommun Incorporated (NYSE:DCO) to release earnings on November, 2. Analysts forecast earnings per share of $0.38, down exactly $0.06 or 13.64 % from 2014’s $0.44 EPS. The expected DCO’s profit could reach $4.30 million giving the stock 19.07 P/E in the case that $0.38 earnings per share is reported. After posting $0.33 EPS for the previous quarter, Ducommun Incorporated’s analysts now forecast 15.15 % EPS growth.

Ducommun Incorporated is a global provider of engineering and manufacturing services for various products and failure applications used primarily in the aerospace, defense, industrial, natural resources, medical and other industries. The company has market cap of $328.15 million. The Firm is a solution provider, offering a range of value-added services and products in its primary businesses of electronics, structures and integrated solutions. It has a 23.99 P/E ratio. The Firm operates through two divisions: Electronic Systems and Structural Systems (SS).

More important recent Ducommun Incorporated (NYSE:DCO) news were published by: Twst.com which released: “Ducommun Incorporated: Ducommun Reports Results for the Second Quarter Ended …” on August 03, 2017, also Globenewswire.com published article titled: “Ducommun Announces Appointment of Stephen G. Oswald as President & CEO …”, Globenewswire.com published: “Ducommun Closes on Strategic Acquisition” on September 11, 2017. More interesting news about Ducommun Incorporated (NYSE:DCO) was released by: Globenewswire.com and their article: “Ducommun Lands New Work for 737-800 Boeing Converted Freighter Program” with publication date: August 07, 2017.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.