The shares of Sprint Corporation (NYSE:S) has been pegged with a rating of Equal Weight by Barclays in its latest research note that was published on June 27th, 2018. The research company has also assigned a $6 price target. Barclays wasn’t the only research firm that published a report of Sprint Corporation, with other equities research analysts also giving their opinion on the stock. Raymond James advised investors in its research note published on June 13th, 2018, to Outperform the S stock. The stock had earned Hold rating from Jefferies when it published its report on May 1st, 2018. The stock was given Market Perform rating by Wells Fargo in its report released on April 30th, 2018. Macquarie was of a view that S is Neutral in its latest report on April 19th, 2018. Guggenheim thinks that S is worth Sell rating. This was contained in the firm’s report on March 13th, 2018 in which the stock’s price target was also moved to $4.50.
Amongst the analysts that rated the stock, 2 have recommended investors to sell it, 13 believe it has the potential for further growth, thus rating it as Hold while 0 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $5.72. The price of the stock the last time has raised by 27.44% from its Week high price while it is raised higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 45.23.
The shares of the company dipped by -0.49% during the trading session on Thursday, reaching a low of $5.88 while ending the day at $6.13. During the trading session, a total of 17.49 million shares were traded which represents a -39.35% decline from the average session volume which is 12.55M shares. S had ended its last session trading at 6.16. Sprint Corporation currently has a market cap of $25.15B, while its P/E ratio stands at 55.23, while its P/E earnings growth sits at 0.77, with a beta of 0.70. Sprint Corporation debt-to-equity ratio currently stands at 1.43, while its quick ratio hovers at 1.10. S 52-week low price stands at $4.81 while its 52-week high price is $6.62.
The company in its last quarterly report recorded $0.05 earnings per share which is above the -$0.01 predicted by most analysts. The Sprint Corporation generated $8,433.00 million in revenue during the last quarter, which is slightly higher than the $7,966.15 million predicted by analysts. In the second quarter last year, the firm recorded $0.04 earnings per share. Compared to the same quarter last year, the firm’s revenue was up by 20%. Sprint Corporation has the potential to record 0.11 EPS for the current fiscal year, according to equities analysts.
Investment analysts at Wells Fargo published a research note on November 6th, 2018 where it informed investors and clients that Enbridge Inc. (NYSE:ENB) is now rated as Outperform. Raymond James also rated ENB as Upgrade on June 13th, 2018, with its price target of $75 suggesting that ENB could surge by 28.23% from its current share price. Even though the stock has been trading at $32.86/share, analysts expect it to surge higher by -1.64% to reach $45.03/share. It started the day trading at $32.56 and traded between $31.53 and $32.32 throughout the trading session.
A look at its technical shows that ENB’s 50-day SMA is 32.51 while its 200-day SMA stands at 32.90. The company’s average trading volume currently stands at 4.06M shares, which means that the short-interest ratio is just 13.27 days. Over the past seven days, the company moved, with its shift of -0.09%. Looking further, the stock has dropped -5.66% over the past 90 days while it gained 3.29% over the last six months.
The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. Capital Research Management Co bought more ENB shares, increasing its portfolio by +74.40% during the last quarter. This move now sees Capital Research Management Co purchasing 43,094,629 shares in the last quarter, thus it now holds 101,014,233 shares of ENB, with a total valuation of $3,142,552,789. Capital Research Management Co meanwhile sold more ENB shares in the recently filed quarter, changing its stake to $3,103,764,156 worth of shares. RBC Global Asset Management Inc followed the path by increasing its ENB portfolio by +1.86% in the quarter. This means that RBC Global Asset Management Inc bought 1,558,834 shares in the last quarter and now controls 85,568,517 shares of the ENB stock, with the valuation hitting $2,662,036,564.
Similarly, The Vanguard Group Inc increased its Enbridge Inc. shares by +2.70% during the recently filed quarter. After buying 1,245,567 shares in the last quarter, the firm now controls 47,340,427 shares of Enbridge Inc. which are valued at $1,472,760,684. In the same vein, TD Asset Management Inc increased its Enbridge Inc. shares by during the most recent reported quarter. The firm bought 236,055 shares during the quarter which increased its stakes to 41,886,817 shares and is now valued at $1,303,098,877. Following these latest developments, around 9.20% of Enbridge Inc. stocks are owned by institutional investors and hedge funds.