Capstone Starts Stock Coverage on Robbins & Myers (RBN)

By admin | 6 years ago

Research analysts at Capstone assumed coverage on shares of Robbins & Myers (NYSE: RBN) in a report released on Friday. The firm set a “buy” rating and a $60.00 price target on the stock.

Shares of Robbins & Myers traded up 3.02% during mid-day trading on Friday, hitting $45.75. Robbins & Myers has a one year low of $31.54 and a one year high of $55.63. The company has a market cap of $2.009 billion and a P/E 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.

RBN has been the subject of a number of other recent research reports. 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. Separately, 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. Finally, analysts at CL King initiated coverage on shares of Robbins & Myers in a research note to investors on Wednesday, March 21st. They set a “strong-buy” rating on the stock.

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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