Capstone Investments Initiates Coverage on Robbins & Myers (RBN)

By admin | 6 years ago

Capstone Investments started coverage on shares of Robbins & Myers (NYSE: RBN) in a research note issued on Friday. The firm set a “buy” rating and a $60.00 price target on the stock.

Several other analysts have also recently commented on the stock. Analysts at Capstone initiated coverage on shares of Robbins & Myers in a research note to investors on Friday. They set a “buy” rating and a $60.00 price target on the stock. Separately, analysts at Stifel Nicolaus raised their price target on shares of Robbins & Myers to $62.00 in a research note to investors on Thursday, March 29th. Finally, analysts at KeyBanc (NYSE: KEY) reiterated a “buy” rating on shares of Robbins & Myers in a research note to investors on Wednesday, March 28th. They now have a $58.00 price target on the stock.

Robbins & Myers opened at 44.41 on Friday. Robbins & Myers has a 52-week low of $31.54 and a 52-week high of $55.63. The company has a market cap of $1.950 billion and a price-to-earnings ratio of 11.33.

Robbins & Myers last announced its earnings results on Tuesday, March 27th. The company reported $0.84 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.74 by $0.10. The company’s quarterly revenue was up 39.2% on a year-over-year basis. On average, analysts predict that Robbins & Myers will post $1.05 earnings per share next quarter.

Robbins & Myers, Inc. is a supplier of engineered equipment and systems for critical applications in global energy, industrial, chemical and pharmaceutical markets.

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