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 February 7th, 2019. The research company has also assigned a $11 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. Cowen advised investors in its research note published on January 9th, 2019, to Market Perform the CLF stock while also putting a $8.50 price target. The stock had earned Neutral rating from Credit Suisse when it published its report on October 15th, 2018. The stock was given Buy rating by B. Riley FBR in its report released on September 26th, 2018, the day when the price target on the stock was placed at $15. JP Morgan was of a view that CLF is Overweight in its latest report on July 23rd, 2018. Macquarie thinks that CLF is worth Outperform rating. This was contained in the firm’s report on June 26th, 2018.
Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 4 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 $13.07. The price of the stock the last time has raised by 48.23% 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 45.08.
The shares of the company dipped by -3.37% during the trading session on Thursday, reaching a low of $10.01 while ending the day at $10.05. During the trading session, a total of 10.13 million shares were traded which represents a 5.74% incline from the average session volume which is 10.75M shares. CLF had ended its last session trading at 10.40. Cleveland-Cliffs Inc. currently has a market cap of $2.90B, while its P/E ratio stands at 2.96, while its P/E earnings growth sits at 1.24, with a beta of 1.80. Cleveland-Cliffs Inc. debt-to-equity ratio currently stands at 4.93, while its quick ratio hovers at 2.80. CLF 52-week low price stands at $6.78 while its 52-week high price is $13.10.
The company in its last quarterly report recorded $1.98 earnings per share which is above the $0.60 predicted by most analysts. The Cleveland-Cliffs Inc. generated $696.30 million in revenue during the last quarter, which is slightly lower than the $731.57 million predicted by analysts. In the second quarter last year, the firm recorded $0.64 earnings per share. Compared to the same quarter last year, the firm’s revenue was up by 67.68%. Cleveland-Cliffs Inc. has the potential to record 3.40 EPS for the current fiscal year, according to equities analysts.
Investment analysts at TD Securities published a research note on February 27th, 2019 where it informed investors and clients that Range Resources Corporation (NYSE:RRC) is now rated as Hold. Cowen also rated RRC as Initiated on January 9th, 2019, with its price target of $20 suggesting that RRC could surge by 33.42% from its current share price. Even though the stock has been trading at $10.55/share, analysts expect it to surge higher by -1.99% to reach $15.53/share. It started the day trading at $10.54 and traded between $10.19 and $10.34 throughout the trading session.
A look at its technical shows that RRC’s 50-day SMA is 10.68 while its 200-day SMA stands at 13.97. At the moment, only of Range Resources Corporation shares were sold short. The company’s average trading volume currently stands at 7.07M shares, which means that the short-interest ratio is just 7.10 days. Over the past seven days, the company moved, with its shift of -1.99%. Looking further, the stock has dropped -9.62% over the past 90 days while it lost -44.05% over the last six months.
The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. SailingStone Capital Partners LLC sold more RRC shares, decreasing its portfolio by -3.62% during the last quarter. This move now sees SailingStone Capital Partners LLC selling -1,507,143 shares in the last quarter, thus it now holds 40,140,020 shares of RRC, with a total valuation of $451,173,825. The Vanguard Group Inc meanwhile bought more RRC shares in the recently filed quarter, changing its stake to $251,804,010 worth of shares. BlackRock Fund Advisors followed the path by increasing its RRC portfolio by +4.64% in the quarter. This means that BlackRock Fund Advisors bought 772,388 shares in the last quarter and now controls 17,430,928 shares of the RRC stock, with the valuation hitting $195,923,631.
Similarly, Dimensional Fund Advisors LP increased its Range Resources Corporation shares by +5.02% during the recently filed quarter. Following these latest developments, around 0.80% of Range Resources Corporation stocks are owned by institutional investors and hedge funds.