Donaldson Co. Inc (NYSE:DCI) price on Friday, June 13, fall -1.38% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $68.66.
A look at the stock’s price movement, the close in the last trading session was $69.62. The PE ratio in trailing twelve months stood at 23.05. Turning to its 52-week performance, $78.95 and $57.45 were the 52-week high and 52-week low respectively. Overall, DCI moved -1.59% over the past month.
Donaldson Co. Inc’s market cap currently stands at around $8.00 billion, with investors looking forward to this quarter’s earnings report slated for in July. The company has a Forward Dividend ratio of 1.08, with its dividend yield at 1.57%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 949.39M for the company’s revenue for the quarter, with a low and high estimate of 943.29M and 958.2M respectively. The average forecast suggests up to a 1.50% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 3.66B, representing a 2.09% jump on that reported in the last financial year.
3 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 1 recommend DCI as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 1 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
The technical evaluation for the stock shows the PEG ratio is 3.35, with DCI’s current price about -1.53% and 2.65% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 47.39, while 7-day volatility ratio is 0.69% and 1.14% in the 30-day chart. Further, Donaldson Co. Inc (DCI) has a beta value of 1.00, and an average true range (ATR) of 1.35. Analysts have given the company’s stock an average 52-week price target of $63, forecast between a low of $63 and high of $63. Looking at the price targets, the low is 8.24% off current price level while to achieve the yearly target high, price needs to move 8.24%. Nonetheless, investors will most likely welcome a 8.24% jump to $63 which is the analysts’ median price.
If we refocus on Donaldson Co. Inc (NYSE:DCI), historical trading data shows that trading volumes averaged 620.36K over the past 3 months. The company’s latest data on shares outstanding shows there are 116.75 million shares.
The 0.59% of Donaldson Co. Inc’s shares are in the hands of company insiders while institutional holders own 90.53% of the company’s shares. Current price change has pushed the stock 1.95% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the DCI stock continues to rise going into the next quarter.
