The shares of Freeport-McMoRan Inc. (NYSE:FCX) has been pegged with a rating of Buy by Citigroup in its latest research note that was published on February 19th, 2019. The research company has also assigned a $16 price target. Citigroup wasn’t the only research firm that published a report of Freeport-McMoRan Inc., with other equities research analysts also giving their opinion on the stock. Morgan Stanley advised investors in its research note published on February 13th, 2019, to Overweight the FCX stock. The stock had earned Neutral rating from Credit Suisse when it published its report on January 9th, 2019. That day the Credit Suisse set price target on the stock to $12. The stock was given Underperform rating by RBC Capital Mkts in its report released on November 7th, 2018. Clarksons Platou was of a view that FCX is Neutral in its latest report on September 11th, 2018. BofA/Merrill thinks that FCX is worth Neutral rating. This was contained in the firm’s report on August 2nd, 2018.
Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 12 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 $14.29. The price of the stock the last time has raised by 30.62% 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 53.50.
The shares of the company dipped by -2.34% during the trading session on Wednesday, reaching a low of $12.505 while ending the day at $12.54. During the trading session, a total of 13.55 million shares were traded which represents a 43.19% incline from the average session volume which is 23.86M shares. FCX had ended its last session trading at 12.84. Freeport-McMoRan Inc. currently has a market cap of $18.54B, while its P/E ratio stands at 7.36, while its P/E earnings growth sits at 1.00, with a beta of 2.28. Freeport-McMoRan Inc. debt-to-equity ratio currently stands at 1.14, while its quick ratio hovers at 1.80. FCX 52-week low price stands at $9.60 while its 52-week high price is $19.70.
The company in its last quarterly report recorded $0.11 earnings per share which is below the $0.18 predicted by most analysts. The Freeport-McMoRan Inc. generated $3,684.00 million in revenue during the last quarter, which is slightly lower than the $3,776.10 million predicted by analysts. In the second quarter last year, the firm recorded $0.35 earnings per share. Compared to the same quarter last year, the firm’s revenue was down by -218.18%. Freeport-McMoRan Inc. has the potential to record 1.70 EPS for the current fiscal year, according to equities analysts.
Investment analysts at Vertical Research published a research note on February 4th, 2019 where it informed investors and clients that Delta Air Lines, Inc. (NYSE:DAL) is now rated as Hold. Morgan Stanley also rated DAL as Upgrade on February 13th, 2019, with its price target of $16 suggesting that DAL could surge by 20.69% from its current share price. Even though the stock has been trading at $49.72/share, analysts expect it to surge higher by -0.02% to reach $62.68/share. It started the day trading at $50.2799 and traded between $49.44 and $49.71 throughout the trading session.
A look at its technical shows that DAL’s 50-day SMA is 49.37 while its 200-day SMA stands at 53.38. The stock has a high of $61.32 for the year while the low is $45.08. The company’s P/E ratio currently sits at 8.76, while the P/B ratio is 2.47. The company’s average trading volume currently stands at 8.07M shares, which means that the short-interest ratio is just 2.12 days. Over the past seven days, the company moved, with its shift of -1.43%. Looking further, the stock has dropped -18.12% over the past 90 days while it lost -15.00% over the last six months.
The Vanguard Group Inc meanwhile bought more DAL shares in the recently filed quarter, changing its stake to $2,370,016,107 worth of shares. PRIMECAP Management Co followed the path by decreasing its DAL portfolio by -0.35% in the quarter. This means that PRIMECAP Management Co sold -99,985 shares in the last quarter and now controls 28,455,026 shares of the DAL stock, with the valuation hitting $1,406,531,935.
Similarly, Lansdowne Partners decreased its Delta Air Lines, Inc. shares by -3.55% during the recently filed quarter. After selling -933,950 shares in the last quarter, the firm now controls 25,402,084 shares of Delta Air Lines, Inc. which are valued at $1,255,625,012. In the same vein, SSgA Funds Management Inc decreased its Delta Air Lines, Inc. shares by during the most recent reported quarter. The firm sold -546,043 shares during the quarter which decreased its stakes to 21,300,028 shares and is now valued at $1,052,860,384. Following these latest developments, around 0.30% of Delta Air Lines, Inc. stocks are owned by institutional investors and hedge funds.