Cliffs Natural Resources Inc (NYSE:CLF) shares traded -0.12% down during most recent session to reach at the closing price of $8.5. The stock exchanged hands 6.99 Million shares versus average trading capacity of 9.2 Million shares, yielding a market cap of $2.53 Billion. Wall Street analysts covering the stock are projecting that the stock will reach $9.8 within the next 52-weeks. The mean target projections are based on 10 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 $12 and with a conservative view have low price target of $8.
Morgan Stanley “Maintained” Cliffs Natural Resources Inc (NYSE:CLF) in a research note issued to investors on 6/29/18 to Equal-Weight with price target of $8.
Additionally on 5/09/18 Seaport Global “Initiates Coverage On” Cliffs Natural Resources Inc (NYSE:CLF) to Buy setting price target at $10 and on 4/24/18 Morgan Stanley “Maintained” the stock to Equal-Weight at $7.5. Furthermore on 3/20/18 Goldman Sachs “Initiates Coverage On” the stock to Neutral at $8.
On the other hand the company has Relative Strength Index (RSI 14) of 50.26 along with Average True Range (ATR 14) of 0.32, Consequently Cliffs Natural Resources Inc (NYSE:CLF)’s weekly and monthly volatility is 3.57%, 3.65% respectively. The company’s beta value is at 1.5.
In terms of Buy, Sell or Hold recommendations, Cliffs Natural Resources Inc (NYSE:CLF) has analysts’ mean recommendation of 2.2. 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 $0.39 and can go high up to $0.71. The consensus mean EPS for the current quarter is at $0.53 derived from a total of 9 estimates from the analysts who have weighed in on projected earnings. However the company reported $0.11 earnings per share for the same quarter during last year.
Previously Cliffs Natural Resources Inc (NYSE:CLF) reported $-0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $-0.22 by $-0.07. The company posted an earnings surprise of -31.8%.
Cliffs Natural Resources Inc (NYSE:CLF)’s revenue estimates for the current quarter are $651.8 Million according to 7 number of analysts, for the current quarter the company has high revenue estimates of $757.42 Million in contradiction of low revenue estimates of $576 Million. For the current year the company’s revenue estimates are $2.32 Billion compared to low analyst estimates of $2.21 Billion and high estimates of $2.43 Billion according to 9 number of analysts.
Currently Cliffs Natural Resources Inc (NYSE:CLF)’s shares owned by insiders are 2.1%, whereas shares owned by institutional owners are 66.7%. However the six-month change in the insider ownership was recorded -0.1%, as well as three-month change in the institutional ownership was recorded 0.67%.
Cliffs Natural Resources Inc (NYSE:CLF)’s trailing twelve month revenues are $2.11 Billion, whereas its price to sales ratio for the same period is 1.2. Its book value per share for the most recent quarter is $-1.63 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 $2.96, however its price to cash per share ratio for the same period is 2.87. The stock has 5 year expected PEG ratio of 0 whereas its trailing twelve month P/E ratio is 0.