RBC Capital raised the firm’s price target on Roper Technologies to $696 from $622 and keeps an Outperform rating on the shares. Roper is indisputably one of the highest-quality names within the Multi-Industry sector as it leads the pack in EBIT margin and free cash flow conversion thanks to its portfolio of low capital-intensity and profitable SaaS and network-based businesses, the analyst tells investors in a research note. Roper’s strong free cash flow generation should also be enough to fund over $4B of acquisitions through 2024, the firm added.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ROP:
- Roper Technologies schedules first quarter 2024 financial results conference call
- Roper Technologies price target raised to $600 from $596 at Barclays
- Roper Technologies price target raised to $650 from $580 at Oppenheimer
- Roper Technologies announces dividend
- Roper Technologies management to meet virtually with Seaport Research
