Analyst Research

Watch List: Freeport-McMoRan Inc (NYSE:FCX)

Freeport-McMoRan Inc (NYSE:FCX) received “Upgrade” rating by Berenberg in a research note issued to investors on Mar-22-17 from Sell to Hold.

Additionally on Feb-21-17 the stock was “Initiated” by Citigroup as Neutral at $16 and on Feb-21-17 the stock was “Downgrade” byDeutsche Bank from Hold to Sell from $14 to $12.50. Furthermore on Feb-09-17 the stock was “Resumed” by JP Morgan as Neutral.

On the other hand the company has Relative Strength Index (RSI 14) of 36.99 along with Average True Range (ATR 14) of 0.45, Consequently Freeport-McMoRan Inc (NYSE:FCX)’s weekly and monthly volatility is 3.23%, 3.30% respectively. The company’s beta value is at 2.51.

In terms of Buy, Sell or Hold recommendations, Freeport-McMoRan Inc (NYSE:FCX) has an analyst’s mean recommendation of 2.90. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.

Freeport-McMoRan Inc (NYSE:FCX) shares traded -2.20% during the most recent session. Wall Street analysts covering the stock are projecting that the stock will reach $14.94 within the next 52-weeks. The mean target projections are based on 18 opinions, the mean target was last revised on 04/17/17.

Taking a broader look brokerage firms’ analysts on the street with an expectant view have high price target of $21.00 and with a conservative view have low price target of $8.00 with a standard deviation of $3.32. If seeing target price from optimistic overview then it has a 68 percent upside potential from the latest closing price of $12.47.

While considering growth estimates of the company, it has next quarter growth estimates of 1,300.00% whereas during current quarter it has 218.80% estimations over growth, comparing to the estimations of 356.50% during current year and 30.50% for next year. Past 5 years growth of Freeport-McMoRan Inc (NYSE:FCX) observed at -28.81%, looking forward for the next 5 years it has a strong prediction of 55.36% over growth.

Freeport-McMoRan Inc (NYSE:FCX)’s revenue estimates for the current quarter are $3.61B according to 8 number of analysts, for the current quarter the company has high revenue estimates of $4.01B in contradiction of low revenue estimates of $3.31B. For the current year the company’s revenue estimates are $14.92B compared to low analyst estimates of $13.37B and high estimates of $16.99B according 17 number of analysts.

Freeport-McMoRan Inc (NYSE:FCX)’s trailing twelve month revenues are $14.83B, whereas its price to sales ratio for the same period is 1.22. Its book value per share for the most recent quarter is $4.31 while its price to book ratio for the same period is 2.89, as for as the company’s cash per share for the most recent quarter is $2.94, however its price to cash per share ratio for the same period is 4.25.

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