Canaccord Genuity Sticks to Its Buy Rating for Ducommun Inc

By Ryan Adsit

Canaccord Genuity analyst Kenneth Herbert reiterated a Buy rating on Ducommun Inc (NYSE: DCO) yesterday and set a price target of $35. The company’s shares closed yesterday at $31.66.

According to TipRanks.com, Herbert is a 5-star analyst with an average return of 9.3% and a 59.2% success rate. Herbert covers the Consumer Goods sector, focusing on stocks such as Transdigm Group Inc, CPI Aerostructures, and Spirit AeroSystems.

Ducommun Inc has an analyst consensus of Strong Buy, with a price target consensus of $36.67.

The company has a one year high of $35.58 and a one year low of $18.32. Currently, Ducommun Inc has an average volume of 86.24K.

Based on the recent corporate insider activity of 56 insiders, corporate insider sentiment is negative on the stock. Most recently, in April 2017, Joseph Berenato, a Director at DCO sold 2,700 shares for a total of $81,054.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Ducommun, Inc. engages in the provision of engineering and manufacturing services to the aerospace, defense, industrial, natural resources, and medical industries. It operates through Electronic Systems and Structural Systems segment. The Electronic Systems segment offers electronics manufacturing for applications such as complex cable assemblies and interconnect systems, printed circuit board assemblies, and electronic, electromechanical, and mechanical assemblies. The Structural Systems segment includes product offering to support customer base: commercial aircraft, military fixed-wing aircraft, and military and commercial rotary-wing aircraft. The company was founded by Charles Louis Ducommun in 1849 and is headquartered in Carson, CA.