Analyst Research

Freeport-McMoRan Inc (NYSE:FCX) Revised its Targets on Price

Freeport-McMoRan Inc (NYSE:FCX) shares traded -2.04% during the most recent session the stock exchanged hands 21.74M shares versus average trading capacity of 22.83M shares, yielding a market cap of $17.42M. Wall Street analysts covering the stock are projecting that the stock will reach $15.08 within the next 52-weeks. The mean target projections are based on 19 opinions, the mean target was last revised on 04/27/17.

Taking a broader look brokerage firms’ analysts on the street with an expectant view have Freeport-McMoRan Inc (NYSE:FCX) high price target of $21.00 and with a conservative view have low price target of $8.00 with a standard deviation of $3.40. If seeing target price from optimistic overview then it has a 65 percent upside potential from the latest closing price of $12.75.

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

Additionally on Feb-21-17 Freeport-McMoRan Inc (NYSE:FCX) was “Initiated” by Citigroup as Neutral at $16 to and on Feb-21-17 the stock was “Downgraded” by Deutsche 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 46.07 along with Average True Range (ATR 14) of 0.52, Consequently Freeport-McMoRan Inc (NYSE:FCX) weekly and monthly volatility is 5.10%, 3.66% respectively. The company’s beta value is at 2.53.

In terms of Buy, Sell or Hold recommendations, Freeport-McMoRan Inc (NYSE:FCX) has an analysts’ 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.

Analysts who have weighed in on projected earnings growth are expecting that Freeport-McMoRan Inc (NYSE:FCX) will report earnings of $0.24 for the current quarter, however the company’s high EPS estimates are $0.46 and low estimates are $0.09. However the company reported -$0.02 earnings per share for the same quarter during last year.

Previously Freeport-McMoRan Inc (NYSE:FCX) reported $0.15 earnings per share (EPS) for the quarter on 4/25/2017 Before Market Open, missing the consensus estimate of $0.17 by -$0.02. The company posted an earnings surprise of -11.76%.

While considering growth estimates of the company, it has next quarter growth estimates of 130.80% whereas during current quarter it has 1300.00% estimations over growth, comparing to the estimations of 365.50% during current year and 31.40% 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 56.55% over growth.

Freeport-McMoRan Inc (NYSE:FCX) revenue estimates for the current quarter are $3.81B according to 9 number of analysts, for the current quarter the company has high revenue estimates of $4.28B in contradiction of low revenue estimates of $3.04B. For the current year the company’s revenue estimates are $15.09B compared to low analyst estimates of $13.28B and high estimates of $16.99B according 17 number of analysts.

Currently Freeport-McMoRan Inc (NYSE:FCX) shares owned by insiders are 0.20%, whereas shares owned by institutional owners are 75.00%. However the six-month change in the insider ownership was recorded -5.05%, as well as three-month change in the institutional ownership was recorded 0.59%.

Freeport-McMoRan Inc (NYSE:FCX) trading -25.26% away from its 52 week high of $17.06 and +37.99% far from the stock’s low point over the past 52 weeks, which was $9.24. The stock hit its 52-week high on 01/24/17, and 52-week low on 10/13/16. The Company’s trailing twelve month income is -3898.00M dollars.

Freeport-McMoRan Inc (NYSE:FCX) trailing twelve month revenues are $14.83B, whereas its price to sales ratio for the same period is 1.23. Its book value per share for the most recent quarter is $4.31 while its price to book ratio for the same period is 2.96, as for as the company’s cash per share for the most recent quarter is $2.97, however its price to cash per share ratio for the same period is 4.29. The stock has a current PEG ratio of 0.22 where as its trailing twelve month P/E ratio is -4.04.

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