The shares of Cleveland-Cliffs Inc. (NYSE:CLF) has been pegged with a rating of Market Perform by Cowen in its latest research note that was published on January 9th, 2019. The research company has also assigned a $8.50 price target. Cowen wasn’t the only research firm that published a report of Cleveland-Cliffs Inc., with other equities research analysts also giving their opinion on the stock. Credit Suisse advised investors in its research note published on October 15th, 2018, to Neutral the CLF stock. The stock had earned Buy rating from B. Riley FBR when it published its report on September 26th, 2018. That day the B. Riley FBR set price target on the stock to $15. The stock was given Overweight rating by JP Morgan in its report released on July 23rd, 2018. Macquarie was of a view that CLF is Outperform in its latest report on June 26th, 2018. Citigroup thinks that CLF is worth Buy rating. This was contained in the firm’s report on June 6th, 2018 in which the stock’s price target was also moved to $11.
Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 3 believe it has the potential for further growth, thus rating it as Hold while 2 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $11.35. The price of the stock the last time has raised by 36.51% 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 51.49.
The shares of the company dipped by -1.83% during the trading session on Friday, reaching a low of $8.5 while ending the day at $8.60. During the trading session, a total of 6.01 million shares were traded which represents a 34.97% incline from the average session volume which is 9.24M shares. CLF had ended its last session trading at 8.76. Cleveland-Cliffs Inc. currently has a market cap of $2.61B, while its P/E ratio stands at 8.17, while its P/E earnings growth sits at 1.17, with a beta of 1.53. CLF 52-week low price stands at $6.30 while its 52-week high price is $13.10.
The company in its last quarterly report recorded $0.64 earnings per share which is below the $0.66 predicted by most analysts. The Cleveland-Cliffs Inc. generated $741.80 million in revenue during the last quarter, which is slightly higher than the $720.97 million predicted by analysts. In the second quarter last year, the firm recorded $0.55 earnings per share. Compared to the same quarter last year, the firm’s revenue was up by 14.06%. Cleveland-Cliffs Inc. has the potential to record 1.05 EPS for the current fiscal year, according to equities analysts.
Investment analysts at UBS published a research note on June 19th, 2018 where it informed investors and clients that Mattel, Inc. (NASDAQ:MAT) is now rated as Neutral. Credit Suisse also rated MAT as Downgrade on October 15th, 2018, with its price target of suggesting that MAT could surge by 11.55% from its current share price. Even though the stock has been trading at $11.90/share, analysts expect it to surge higher by 2.94% to reach $13.85/share. It started the day trading at $12.31 and traded between $11.72 and $12.25 throughout the trading session.
A look at its technical shows that MAT’s 50-day SMA is 12.43 while its 200-day SMA stands at 14.64. The company’s average trading volume currently stands at 5.09M shares, which means that the short-interest ratio is just 12.20 days. Over the past seven days, the company moved, with its shift of 17.68%. Looking further, the stock has dropped -11.93% over the past 90 days while it lost -28.82% over the last six months.
The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. PRIMECAP Management Co bought more MAT shares, increasing its portfolio by +0.91% during the last quarter. This move now sees PRIMECAP Management Co purchasing 456,029 shares in the last quarter, thus it now holds 50,743,629 shares of MAT, with a total valuation of $506,928,854. Southeastern Asset Management In meanwhile bought more MAT shares in the recently filed quarter, changing its stake to $370,117,092 worth of shares. Dodge Cox followed the path by increasing its MAT portfolio by +0.21% in the quarter. This means that Dodge Cox bought 74,100 shares in the last quarter and now controls 35,620,185 shares of the MAT stock, with the valuation hitting $355,845,648.
Similarly, Templeton Global Advisors Ltd increased its Mattel, Inc. shares by +19.12% during the recently filed quarter. After buying 3,640,413 shares in the last quarter, the firm now controls 22,677,585 shares of Mattel, Inc. which are valued at $226,549,074. In the same vein, Parnassus Investments decreased its Mattel, Inc. shares by during the most recent reported quarter. The firm sold 0 shares during the quarter which decreased its stakes to 21,485,411 shares and is now valued at $214,639,256. Following these latest developments, around 0.10% of Mattel, Inc. stocks are owned by institutional investors and hedge funds.