Cliffs Natural Resources Inc (NYSE:CLF) shares traded 0% up during most recent session to reach at the closing price of $5.88. The stock exchanged hands 15.54 Million shares versus average trading capacity of 15.73 Million shares, yielding a market cap of $1.8 Billion. Wall Street analysts covering the stock are projecting that the stock will reach $6.93 within the next 52-weeks. The mean target projections are based on 7 opinions.
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 $10 and with a conservative view have low price target of $2.
JP Morgan “Maintained” Cliffs Natural Resources Inc (NYSE:CLF) in a research note issued to investors on 11/30/16 to Overweight with price target of $10.
Additionally on 11/14/16 Morgan Stanley “Upgrades” Cliffs Natural Resources Inc (NYSE:CLF) to Equal-Weight setting price target at $9 and on 8/29/16 Macquarie “Maintained” the stock to Outperform at $10. Furthermore on 7/29/16 JP Morgan “Maintained” the stock to Overweight at $10.
On the other hand the company has Relative Strength Index (RSI 14) of 36.72 along with Average True Range (ATR 14) of 0.33, Consequently Cliffs Natural Resources Inc (NYSE:CLF)’s weekly and monthly volatility is 4.38%, 5.14% respectively. The company’s beta value is at 1.68.
In terms of Buy, Sell or Hold recommendations, Cliffs Natural Resources Inc (NYSE:CLF) has analysts’ mean recommendation of 2.9. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.
According to analysts Cliffs Natural Resources Inc (NYSE:CLF)’s minimum EPS for the current quarter is at $0.18 and can go high up to $0.33. The consensus mean EPS for the current quarter is at $0.24 derived from a total of 7 estimates from the analysts who have weighed in on projected earnings. 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, missing the consensus estimate of $0.17 by $-0.28. The company posted an earnings surprise of -164.7%.
While considering growth estimates of the company, it has next quarter growth estimates of 408.3% whereas during current quarter it has 242.9% estimations over growth, comparing to the estimations of 11.5% during current year and -20.6% for next year. Past 5 years growth of Cliffs Natural Resources Inc (NYSE:CLF) observed at -37.82%, looking forward for the next 5 years it has a strong prediction of -59.91% over growth.
Cliffs Natural Resources Inc (NYSE:CLF)’s revenue estimates for the current quarter are $524.54 Million according to 3 number of analysts, for the current quarter the company has high revenue estimates of $590.9 Million in contradiction of low revenue estimates of $487 Million. For the current year the company’s revenue estimates are $2.44 Billion compared to low analyst estimates of $2.38 Billion and high estimates of $2.5 Billion according to 4 number of analysts.
Currently Cliffs Natural Resources Inc (NYSE:CLF)’s shares owned by insiders are 2%, whereas shares owned by institutional owners are 68.9%. However the six-month change in the insider ownership was recorded 3.92%, as well as three-month change in the institutional ownership was recorded 37.75%.
Cliffs Natural Resources Inc (NYSE:CLF) 52-week high price stands at $12.37 and low price stands at $4.55, its price distance from 52-week high is -52.47% while its distance from 52-week low price is 29.23%. The stock hit its 52-week high on 02/13/17, and 52-week low on 06/27/16.
Cliffs Natural Resources Inc (NYSE:CLF)’s trailing twelve month revenues are $2.27 Billion, whereas its price to sales ratio for the same period is 0.8. Its book value per share for the most recent quarter is $-3.13 while its price to book ratio for the same period is 0, as for as the company’s cash per share for the most recent quarter is $1.16, however its price to cash per share ratio for the same period is 5.09. The stock has 5 year expected PEG ratio of 0 whereas its trailing twelve month P/E ratio is 21.78.
