The shares of Marvell Technology Group Ltd. (NASDAQ:MRVL) has been pegged with a rating of Outperform by Cowen in its latest research note that was published on March 18th, 2019. The research company has also assigned a $22 price target. Cowen wasnâ€™t the only research firm that published a report of Marvell Technology Group Ltd., with other equities research analysts also giving their opinion on the stock. Macquarie advised investors in its research note published on February 19th, 2019, to Outperform the MRVL stock while also putting a $24 price target. The stock had earned Buy rating from Citigroup when it published its report on December 13th, 2018. The stock was given Buy rating by Needham in its report released on December 6th, 2018, the day when the price target on the stock was placed at $25. Cowen was of a view that MRVL is Outperform in its latest report on December 6th, 2018 while giving it a price target of $22. Stifel thinks that MRVL is worth Buy rating. This was contained in the firmâ€™s report on October 12th, 2018 in which the stockâ€™s price target was also moved to $21.
Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 2 believe it has the potential for further growth, thus rating it as Hold while 8 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $23.30. The price of the stock the last time has raised by 65.34% from its Week high price while it is raised higher than its 52-Week low price. A look at the stockâ€™s other technical shows that its 14-day RSI now stands at 79.35.
The shares of the company dipped by -0.13% during the trading session on Monday, reaching a low of $23.54 while ending the day at $23.71. During the trading session, a total of 22.37 million shares were traded which represents a -79.39% decline from the average session volume which is 12.47M shares. MRVL had ended its last session trading at 23.74. Marvell Technology Group Ltd. currently has a market cap of $15.39B while its P/E earnings growth sits at 5.37, with a beta of 1.01. Marvell Technology Group Ltd. debt-to-equity ratio currently stands at 0.24, while its quick ratio hovers at 1.80. MRVL 52-week low price stands at $14.34 while its 52-week high price is $23.93.
The company in its last quarterly report recorded $0.25 earnings per share which is below the $0.25 predicted by most analysts. The Marvell Technology Group Ltd. generated $744.80 million in revenue during the last quarter, which is slightly higher than the $740.31 million predicted by analysts. In the second quarter last year, the firm recorded $0.33 earnings per share. Compared to the same quarter last year, the firmâ€™s revenue was down by -32%. Marvell Technology Group Ltd. has the potential to record -0.21 EPS for the current fiscal year, according to equities analysts.
Investment analysts at CapitalOne published a research note on December 20th, 2018 where it informed investors and clients that Denbury Resources Inc. (NYSE:DNR) is now rated as Underweight. Macquarie also rated DNR as Upgrade on February 19th, 2019, with its price target of $43 suggesting that DNR could surge by 14.07% from its current share price. Even though the stock has been trading at $2.38/share, analysts expect it to surge higher by -5.04% to reach $2.63/share. It started the day trading at $2.37 and traded between $2.24 and $2.26 throughout the trading session.
A look at its technical shows that DNRâ€™s 50-day SMA is 2.01 while its 200-day SMA stands at 3.44. The stock has a high of $6.75 for the year while the low is $1.39. The companyâ€™s P/E ratio currently sits at 3.20, while the P/B ratio is 0.89. At the moment, only of Denbury Resources Inc. shares were sold short. The companyâ€™s average trading volume currently stands at 11.64M shares, which means that the short-interest ratio is just 6.16 days. Over the past seven days, the company moved, with its shift of -10.32%. Looking further, the stock has raised 5.12% over the past 90 days while it lost -59.86% over the last six months.
The change in the stockâ€™s fortunes has led to several institutional investors altering their holdings of the stock. The Vanguard Group Inc bought more DNR shares, increasing its portfolio by +19.49% during the last quarter. This move now sees The Vanguard Group Inc purchasing 11,911,598 shares in the last quarter, thus it now holds 73,030,217 shares of DNR, with a total valuation of $149,711,945. BlackRock Fund Advisors meanwhile bought more DNR shares in the recently filed quarter, changing its stake to $127,469,588 worth of shares. SSgA Funds Management Inc followed the path by increasing its DNR portfolio by +44.87% in the quarter. This means that SSgA Funds Management Inc bought 11,189,590 shares in the last quarter and now controls 36,126,785 shares of the DNR stock, with the valuation hitting $74,059,909.
Similarly, Dimensional Fund Advisors LP increased its Denbury Resources Inc. shares by +4.27% during the recently filed quarter. After buying 853,975 shares in the last quarter, the firm now controls 20,876,184 shares of Denbury Resources Inc. which are valued at $42,796,177. In the same vein, Norges Bank Investment Management decreased its Denbury Resources Inc. shares by during the most recent reported quarter. The firm sold -1 shares during the quarter which decreased its stakes to 7,538,887 shares and is now valued at $15,454,718. Following these latest developments, around 1.00% of Denbury Resources Inc. stocks are owned by institutional investors and hedge funds.