Roper Technologies, Inc. (ROP) Monthly Stock Report
Publication Date: September 22, 2024
Company Overview
Roper Technologies, Inc. (ROP), based in Sarasota, Florida, is a leading technology company focusing on software and technology-enabled products. Established in 1981, Roper operates within the Information Technology sector and is organized into three key divisions: Application Software, Network Software, and Technology Enabled Products. Their offerings, including financial analytics, supply chain management software, and medical devices, serve various industries such as healthcare, insurance, and foodservice. Renowned for its innovative solutions and strong distribution channels through direct sales and strategic partnerships, Roper Technologies has carved out a prominent position in the technology landscape.
Investment Analysis
Roper Technologies has emerged as a strong investment opportunity within the software application industry, driven by its robust financial performance. The company reported total revenue reaching approximately $6.57 billion, showcasing its operational success and significant market presence. Analysts have issued a buy recommendation with a target high price of $675.00 for ROP shares, suggesting a positive outlook for future growth and profitability. Notably, the current trading price stands at $558.04, positioning it favorably within a 52-week range of $579.1 (high) and $474.46 (low). This indicates a moderate level of volatility and a recent recovery from the lower end of its historical price spectrum.
Investor sentiment appears bullish, with only 1,236,270 shares sold short, equating to a mere 0.0116% of the float. This limited short interest suggests confidence among shareholders regarding Roper Technologies’ long-term performance. Furthermore, the average recommendation score from analysts is a favorable 2.1, with substantial consensus leaning towards purchasing the asset.
Price Targets and Future Outlook
The current analysis paints a promising picture for Roper Technologies. Analysts have established a target mean price of $604.80 and a median price of $627.50, both indicative of anticipated growth. The target low price is $491.00, creating a significant range between the low and high price targets, further supporting the case for investment. Although the EBITDA data is unavailable, the overall robust revenue figures and market positioning provide strong foundational support for Roper Technologies, signaling an opportune moment for investors to consider adding this stock to their portfolios.
In summary, Roper Technologies stands out as an attractive investment, backed by its extensive market reach, positive analyst sentiment, and favorable financial metrics.
| Metric | Value |
|---|---|
| Market Cap | $59.8b |
| Total Debt | $7.4b |
| Total Cash | $251.5m |
| Shares Outstanding | 107.2m |
| Float Shares | 106.6m |
Disclaimer:
The information provided in this monthly report is for informational purposes only and should not be construed as financial, investment, or trading advice. AltStation.io does not guarantee the accuracy, completeness, or timeliness of the data and analyses presented. The content is based on publicly available information, and while we strive to ensure its accuracy, errors and omissions may occur.
Investing in stocks, cryptocurrencies, and other financial instruments involves significant risk, including the potential loss of principal. Past performance is not indicative of future results. Readers should conduct their own research and consult with a qualified financial advisor before making any investment decisions. AltStation.io and its affiliates are not responsible for any losses incurred as a result of using this report.
By using this report, you acknowledge that you understand and accept these terms.