The shares of Nordstrom, Inc. (NYSE:JWN) has been pegged with a rating of Peer Perform by Wolfe Research in its latest research note that was published on January 17th, 2019. The research company has also assigned a $44 price target. Wolfe Research wasn’t the only research firm that published a report of Nordstrom, Inc., with other equities research analysts also giving their opinion on the stock. Telsey Advisory Group advised investors in its research note published on January 16th, 2019, to Market Perform the JWN stock while also putting a $56 price target. The stock had earned Underweight rating from JP Morgan when it published its report on January 16th, 2019. The stock was given Neutral rating by Goldman in its report released on January 16th, 2019. Atlantic Equities was of a view that JWN is Neutral in its latest report on January 16th, 2019. Morgan Stanley thinks that JWN is worth Equal-Weight rating. This was contained in the firm’s report on January 8th, 2019.
Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 17 believe it has the potential for further growth, thus rating it as Hold while 3 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $51.88. The price of the stock the last time has raised by 5.65% 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 43.09.
The shares of the company dipped by -2.03% during the trading session on Friday, reaching a low of $45.375 while ending the day at $45.47. During the trading session, a total of 2.34 million shares were traded which represents a 27.21% incline from the average session volume which is 3.22M shares. JWN had ended its last session trading at 46.41. Nordstrom, Inc. currently has a market cap of $7.77B, while its P/E ratio stands at 15.35, while its P/E earnings growth sits at 0.48, with a beta of 0.51. Nordstrom, Inc. debt-to-equity ratio currently stands at 2.23, while its quick ratio hovers at 0.40. JWN 52-week low price stands at $43.04 while its 52-week high price is $67.75.
The company in its last quarterly report recorded $0.67 earnings per share which is above the $0.66 predicted by most analysts. The Nordstrom, Inc. generated $3,748.00 million in revenue during the last quarter, which is slightly higher than the $3,693.60 million predicted by analysts. In the second quarter last year, the firm recorded $0.95 earnings per share. Compared to the same quarter last year, the firm’s revenue was down by -41.79%. Nordstrom, Inc. has the potential to record 2.96 EPS for the current fiscal year, according to equities analysts.
Investment analysts at Citigroup published a research note on January 23rd, 2019 where it informed investors and clients that Callon Petroleum Company (NYSE:CPE) is now rated as Buy. Telsey Advisory Group also rated CPE as Downgrade on January 16th, 2019, with its price target of $56 suggesting that CPE could surge by 36.79% from its current share price. Even though the stock has been trading at $8.11/share, analysts expect it to surge higher by -1.48% to reach $12.64/share. It started the day trading at $8.15 and traded between $7.83 and $7.99 throughout the trading session.
A look at its technical shows that CPE’s 50-day SMA is 7.78 while its 200-day SMA stands at 10.50. The stock has a high of $14.65 for the year while the low is $5.57. The company’s P/E ratio currently sits at 10.54, while the P/B ratio is 0.79. The company’s average trading volume currently stands at 5.54M shares, which means that the short-interest ratio is just 9.75 days. Over the past seven days, the company moved, with its shift of -4.65%. Looking further, the stock has dropped -23.10% over the past 90 days while it lost -27.76% over the last six months.
The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. BlackRock Fund Advisors bought more CPE shares, increasing its portfolio by +3.23% during the last quarter. This move now sees BlackRock Fund Advisors purchasing 731,502 shares in the last quarter, thus it now holds 23,393,432 shares of CPE, with a total valuation of $151,823,374. The Vanguard Group Inc meanwhile bought more CPE shares in the recently filed quarter, changing its stake to $130,813,595 worth of shares. Dimensional Fund Advisors LP followed the path by decreasing its CPE portfolio by -1.23% in the quarter. This means that Dimensional Fund Advisors LP sold -222,807 shares in the last quarter and now controls 17,821,469 shares of the CPE stock, with the valuation hitting $115,661,334.
Similarly, SSgA Funds Management Inc increased its Callon Petroleum Company shares by +2.63% during the recently filed quarter. After buying 328,873 shares in the last quarter, the firm now controls 12,829,859 shares of Callon Petroleum Company which are valued at $83,265,785. In the same vein, Goldman Sachs Asset Management LP increased its Callon Petroleum Company shares by during the most recent reported quarter. The firm bought 57,789 shares during the quarter which increased its stakes to 7,964,354 shares and is now valued at $51,688,657. Following these latest developments, around 0.20% of Callon Petroleum Company stocks are owned by institutional investors and hedge funds.