Ducommun Inc. [DCO] stock is trading at $55.86, up 14.99%. An important factor to consider is whether the stock is rising or falling in short-term value. The DCO shares have gain 12.71% over the last week, with a monthly amount glided 11.79%, and seem to be holding up well over a long-time horizon.
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On 8, April 2024, Ducommun Incorporated Confirms Receipt of Unsolicited, Non-Binding Indication of Interest From Albion River. In a post published today on Yahoo Finance, Ducommun Incorporated (NYSE: DCO) (“Ducommun” or the “Company”), a global supplier of innovative electronic systems and structural solutions for the aerospace and defense industry, today confirmed that the Company’s Board of Directors has received an unsolicited non-binding indication of interest from Albion River LLC, a private direct investment firm, to acquire all outstanding shares of Ducommun for $60.00 per share in cash.
From an analyst’s perspective:
Ducommun Inc. [NYSE: DCO] stock has seen the most recent analyst activity on August 14, 2023, when Goldman initiated its Neutral rating and assigned the stock a price target of $52. Previously, Citigroup started tracking the stock with Buy rating on July 06, 2023, and set its price target to $65. On October 22, 2021, RBC Capital Mkts initiated with a Outperform rating and assigned a price target of $62 on the stock. Truist upgraded its rating to a Buy and increased its price target to $66 on January 11, 2021. RBC Capital Mkts initiated its recommendation with a Outperform and recommended $41 as its price target on May 21, 2020. B. Riley FBR reiterated a Buy rating for this stock on May 01, 2020, and downed its price target to $54. In a note dated March 16, 2020, Sidoti upgraded an Buy rating on this stock.
Ducommun Inc. [DCO] stock has fluctuated between $40.24 and $53.96 over the past year. Currently, Wall Street analysts expect the stock to reach $60 within the next 12 months. Ducommun Inc. [NYSE: DCO] shares were valued at $55.86 at the most recent close of the market. An investor can expect a potential return of 7.41% based on the average DCO price forecast.
Analyzing the DCO fundamentals
Ducommun Inc. [NYSE:DCO] reported sales of 756.99M for the trailing twelve months, which represents a growth of 2.10%. Gross Profit Margin for this corporation currently stands at 0.22% with Operating Profit Margin at 0.04%, Pretax Profit Margin comes in at 0.02%, and Net Profit Margin reading is 0.02%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.03 and Total Capital is 0.03. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.43.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 54.45 points at the first support level, and at 53.05 for the second support level. However, for the 1st resistance point, the stock is sitting at 57.50, and for the 2nd resistance point, it is at 59.15.
Ducommun Inc. [DCO] reported earnings per share of $0.7 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.62/share, meaning a difference of $0.08 and a surprise factor of 12.90%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.7 per share as compared to estimates of $0.6 per share, a difference of $0.1 representing a surprise of 16.70%.
Ratios To Look Out For
For context, Ducommun Inc.’s Current Ratio is 2.99. On the other hand, the Quick Ratio is 1.86, and the Cash Ratio is 0.23. Considering the valuation of this stock, the price to sales ratio is 1.08, the price to book ratio is 1.28 and price to earnings (TTM) ratio is 48.63.
Transactions by insiders
Recent insider trading involved Redondo Jerry L, S.V.P., Elec. & Struc. Systems, that happened on Dec 06 ’23 when 1559.0 shares were sold. S.V.P., Elec. & Struc. Systems, Redondo Jerry L completed a deal on Nov 10 ’23 to sell 1538.0 shares.
