ROK - Rockwell Automation rated Hold in new research at Jefferies
2023-06-27 12:33:06 ET
Rockwell Automation ( NYSE: ROK ) on Tuesday was rated Hold in new research coverage by analysts financial-services firm Jefferies. They said the industrial automation company is trading at a premium to its peer group based on investor expectations for future growth.
“A strong backlog provides visibility into 2023 demand, while megatrends including reshoring and smart manufacturing adoption should provide sustainable growth in 2024 despite the weaker industrial macro indicators,” Saree Boroditsky, analyst at Jefferies, said in a June 27 report. “This positive outlook is already embedded in the current stock price.”
Jefferies set a price target of $335 a share for Rockwell ( ROK ), based on a multiple of 25 times estimated EPS of $13.40 for 2024.
| Jefferies estimates for Rockwell Automation ( ROK ), June 27 |
| EPS |
| 2023E |
| $12.08 |
| 2024E |
| $13.40 |
| 2025E |
| $13.81 |
| EBITDA (mln) |
| 2023E |
| $1,962.3 |
| 2024E |
| $2,124.8 |
| 2025E |
| $2,181.9 |
| Reveue (mln) |
| 2023E |
| $8,952.5 |
| 2024E |
| $9,565.0 |
| 2025E |
| $9,808.9 |
More about Rockwell Automation
- Rockwell faces probe by U.S. government on operations in China: WSJ
- Rockwell enters long-term partnership with Doosan Robotics
For further details see:
Rockwell Automation rated Hold in new research at Jefferies