Brokerage Firm Rating Disclosure Update on Dril-Quip, Inc.
Major Brokerage house, FBR Capital downgrades its ratings on Dril-Quip, Inc. (NYSE:DRQ). In the latest research report, FBR Capital lowers the target price from $120 per share to $90 per share on the counter. According to the latest information available, the shares are now rated Market Perform by the analysts at the agency. Previously, the analysts had a Outperform rating on the counter.
A number of Equity Analysts have issued recommendation on the company shares and the short term and long term price targets. As much as 10 analysts have advised buy on Dril-Quip, Inc. (NYSE:DRQ) with an average broker rating of 2.4. Research Analysts at Zacks has the counter a rating of 3, which implies that the firms recommendation is Neutral on the company. It is advised that fresh investments be made in the counter only when it is undervalued.
Shares swinged both ways in the latest trading session. Dril-Quip, Inc. (NYSE:DRQ) advanced 0.76% or 0.56 points in the market today. The counter first traded at $73.57 and slumped to $73.57 intraday. Investors breathed a sigh of relief when the counter staged an impressive pullback and closed the day at $73.77. Smart recovery from the lower levels is an indication of the inherent strength of the stock. The number of shares traded touched 516,899. The company has a 52-week high of $116.53 and the 52-week low of the shares is $68.09. The company has a market cap of $2,912 million and has roughly 39,473,000 shares as outstanding. Dril-Quip, Inc. (NYSE:....
• middle east • long term • offshore drilling • south america • week high