Company Update (NYSE:PCP): Berkshire Hathaway Acquisition of Precision Castparts to Close on Friday, January 29, 2016

[Business Wire] – Berkshire Hathaway Inc. and Precision Castparts Corp. expect Berkshire’s acquisition of PCC to close on Friday, January 29, 2016. Read more on this. Precision Castparts Corp. (PCP) , valued at $31.81B, started the session at $231.58. Today’s price range has been between $231.10 and $231.70 per share with a one year range of $187.00 to $232.96. PCP shares are currently priced at 19.47x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry ’s 44.35x earnings multiple for the same period. And for those looking to make a return holding the stock, the company pays shareholders $0.12 per share annually in dividends, yielding 0.05%. In a review of the consensus earnings estimate this quarter, 10 sell-side analysts are looking at $2.99 per share, which would be $0.10 worse than the year-ago quarter and a $0.13 sequential decrease. The full-year EPS estimate is $11.89, which would be a $0.76 better than last year. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $2.48 Billion. If realized, that would be a 0.81% increase over the year-ago quarter. More recently, Wells Fargo downgraded PCP from Outperform to Market Perform (Oct 12, 2015). Previously, RBC Capital Mkts downgraded PCP from Outperform to Sector Perform. With the above information in mind, readers should note that the average price target is $230.80, which is 0.34% below where the stock opened this morning. See more in (NYSE:PCP) Similar Articles: Market Update: Precision Castparts Corp (NYSE:PCP) – EU clears Berkshire’s acquisition of Precision Castparts Market Update: Precision Castparts Corp (NYSE:PCP) – Precision Castparts Second Quarter Fiscal 2016 Earnings Company Update (NYSE:PCP): PRECISION CASTPARTS CORP. SHAREHOLDER ALERT: Former SEC Attorney Willie Briscoe and Powers Taylor LLP Investigate Sale to Berkshire Hathaway Inc.