Roper Technologies Inc. (ROP) shares are trading at lower $394.60 and the avg recommendation for the stock is Moderate Buy, while the current analyst price target stands at $427.80.
To add more color to this target, the company’s high over the last year is $455.72 and the low is $240.00. Over the last 52 weeks, ROP is up 18.52% while the S&P 500 is up 11.51%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
In the last quarter, ROP reported a profit of $843.7 million. Roper Technologies Inc. also saw revenues increase to $1.3 billion. In addition, ROP has free cash flow of $792.3 million as of 06-2020. The company’s EBITDA came in at $449.3 million which compares well with its peers.
ROP booked profit margins of 29.80%, its Return on Equity (ROE) is 17.10%, and its Return on Assets is 8.80%. All told, it is clear that, ROP needs to be on your watchlist.
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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. ROP has a short ratio of 3.05 and outstanding shares of 104.50M.
ROP has seen increased volume after this news and investors are putting their support behind the value proposition. Traders will also note the company’s earnings per share came in at 15.29. Roper Technologies Inc. ROP also noted assets of $19.14 billion at the end of the last quarter. Investors should also keep an eye on sector updates as ROP has historically followed its peers on positive news.
All told, Roper Technologies Inc. ROP has strung together solid data and demonstrated underlying fundamentals. At its current valuation, ROP represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.
Roper Technologies Inc. ROP is now commanding a market cap of 41.22B and a float of 103.05M. ROP is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of ROP stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in ROP, either long or short, and we have not been compensated for this article.