RR Donnelley & Sons Co (RRD) Rating Lowered to D at TheStreet

RR Donnelley & Sons Co (NASDAQ:RRD) was downgraded by equities research analysts at TheStreet from a “c-” rating to a “d” rating in a research note issued to investors on Thursday.

A number of other research firms have also recently issued reports on RRD. BidaskClub cut RR Donnelley & Sons Co from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 8th. ValuEngine raised RR Donnelley & Sons Co from a “hold” rating to a “buy” rating in a research report on Friday, September 1st.

Shares of RR Donnelley & Sons Co (RRD) traded down 2.53% during midday trading on Thursday, reaching $9.65. The company’s stock had a trading volume of 693,624 shares. The stock’s market capitalization is $675.50 million. RR Donnelley & Sons Co has a 52 week low of $8.61 and a 52 week high of $18.52. The stock has a 50-day moving average price of $9.93 and a 200 day moving average price of $11.14.

RR Donnelley & Sons Co (NASDAQ:RRD) last released its quarterly earnings data on Tuesday, August 1st. The business services provider reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.05). The company had revenue of $1.65 billion during the quarter. Equities analysts forecast that RR Donnelley & Sons Co will post $0.98 earnings per share for the current year.

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A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its position in RR Donnelley & Sons Co by 18.1% during the second quarter. BlackRock Inc. now owns 13,808,558 shares of the business services provider’s stock valued at $173,160,000 after purchasing an additional 2,117,978 shares during the last quarter. Capital World Investors raised its holdings in RR Donnelley & Sons Co by 171.0% during the second quarter. Capital World Investors now owns 7,209,765 shares of the business services provider’s stock valued at $90,410,000 after buying an additional 4,548,853 shares in the last quarter. Vanguard Group Inc. raised its holdings in RR Donnelley & Sons Co by 6.7% during the second quarter. Vanguard Group Inc. now owns 6,661,887 shares of the business services provider’s stock valued at $83,540,000 after buying an additional 418,670 shares in the last quarter. State Street Corp raised its holdings in RR Donnelley & Sons Co by 24.6% during the second quarter. State Street Corp now owns 1,896,711 shares of the business services provider’s stock valued at $23,788,000 after buying an additional 374,642 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in RR Donnelley & Sons Co by 6.8% during the second quarter. Bank of New York Mellon Corp now owns 1,376,459 shares of the business services provider’s stock valued at $17,260,000 after buying an additional 87,104 shares in the last quarter.

About RR Donnelley & Sons Co

R.R. Donnelley & Sons Company helps organizations communicate by working to create, manage, produce, distribute and process content on behalf of its customers. The Company’s segments include Variable Print, Strategic Services, International and Corporate. The Variable Print segment includes the Company’s United States short-run and transactional printing operations.

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