Global Updates

Cliffs Natural Resources Inc (NYSE:CLF): Price Target Projections Reviewed

Cliffs Natural Resources Inc (NYSE:CLF) shares traded 0.30% during the most recent session the stock exchanged hands 18.81M shares versus average trading capacity of 17.38M shares, yielding a market cap of $1.86B. Wall Street analysts covering the stock are projecting that the stock will reach $8.21 within the next 52-weeks. The mean target projections are based on 21 opinions, the mean target was last revised on 04/28/17.

Taking a broader look brokerage firms’ analysts on the street with an expectant view have Cliffs Natural Resources Inc (NYSE:CLF) high price target of $12.50 and with a conservative view have low price target of $2.00 with a standard deviation of $1.80. If seeing target price from optimistic overview then it has an 86 percent upside potential from the latest closing price of $6.72.

Cliffs Natural Resources Inc (NYSE:CLF) received “Upgrade” rating by FBR & Co. in a research note issued to investors on Apr-28-17 from Mkt Perform to Outperform from $11 to $10.

Additionally on Nov-14-16 Cliffs Natural Resources Inc (NYSE:CLF) was “Upgraded” by Morgan Stanley from Underweight to Equal-Weight and on Oct-13-16 the stock was “Reiterated” by FBR & Co. as Mkt Perform. Furthermore on Aug-03-16 the stock was “Reiterated” by Cowen from Market Perform from $6 to $9.

On the other hand the company has Relative Strength Index (RSI 14) of 30.33 along with Average True Range (ATR 14) of 0.48, Consequently Cliffs Natural Resources Inc (NYSE:CLF) weekly and monthly volatility is 7.35%, 6.19% respectively. The company’s beta value is at 1.88.

In terms of Buy, Sell or Hold recommendations, Cliffs Natural Resources Inc (NYSE:CLF) has an analysts’ mean recommendation of 3.10. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.

Analysts who have weighed in on projected earnings growth are expecting that Cliffs Natural Resources Inc (NYSE:CLF) will report earnings of $0.45 for the current quarter, however the company’s high EPS estimates are $0.65 and low estimates are $0.21. However the company reported $0.07 earnings per share for the same quarter during last year.

Previously Cliffs Natural Resources Inc (NYSE:CLF) reported -$0.11 earnings per share (EPS) for the quarter on 4/27/2017 Before Market Open, missing the consensus estimate of $0.16 by -$0.27. The company posted an earnings surprise of -168.75%.

While considering growth estimates of the company, it has next quarter growth estimates of 466.70% whereas during current quarter it has 542.90% estimations over growth, comparing to the estimations of 42.50% during current year and -12.10% for next year. Past 5 years growth of Cliffs Natural Resources Inc (NYSE:CLF) observed at -38.96%, looking forward for the next 5 years it has a strong prediction of 5.00% over growth.

Cliffs Natural Resources Inc (NYSE:CLF) revenue estimates for the current quarter are $663.46M according to 3 number of analysts, for the current quarter the company has high revenue estimates of $770.5M in contradiction of low revenue estimates of $545M. For the current year the company’s revenue estimates are $2.53B compared to low analyst estimates of $2.45B and high estimates of $2.6B according 4 number of analysts.

Currently Cliffs Natural Resources Inc (NYSE:CLF) shares owned by insiders are 1.90%, whereas shares owned by institutional owners are 49.40%. However the six-month change in the insider ownership was recorded 0.64%, as well as three-month change in the institutional ownership was recorded -0.05%.

Cliffs Natural Resources Inc (NYSE:CLF) trading -45.68% away from its 52 week high of $12.37 and +142.60% far from the stock’s low point over the past 52 weeks, which was $2.77. The stock hit its 52-week high on 02/13/17, and 52-week low on 05/19/16. The company’s trailing twelve month income is 194.00M dollars.

Cliffs Natural Resources Inc (NYSE:CLF) trailing twelve month revenues are $2.11B, whereas its price to sales ratio for the same period is 0.87. Its book value per share for the most recent quarter is -$6.33, as for as the company’s cash per share for the most recent quarter is $1.30, however its price to cash per share ratio for the same period is 5.18. The stock has a current PEG ratio of 1.36 where as its trailing twelve month P/E ratio is 6.78.

Previous ArticleNext Article