The shares of Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) has been pegged with a rating of Buy by BofA/Merrill in its latest research note that was published on May 22nd, 2019. BofA/Merrill wasn’t the only research firm that published a report of Telefonaktiebolaget LM Ericsson (publ), with other equities research analysts also giving their opinion on the stock. Raymond James advised investors in its research note published on December 20th, 2018, to Mkt Perform the ERIC stock. The stock had earned Buy rating from Argus when it published its report on October 19th, 2018. The stock was given Neutral rating by Credit Suisse in its report released on September 19th, 2018. JP Morgan was of a view that ERIC is Overweight in its latest report on September 5th, 2018. BofA/Merrill thinks that ERIC is worth Neutral rating. This was contained in the firm’s report on July 25th, 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 1 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $10.29. The price of the stock the last time has raised by 40.36% 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 64.17.
The shares of the company added by 3.61% during the trading session on Wednesday, reaching a low of $9.89 while ending the day at $10.05. During the trading session, a total of 24.34 million shares were traded which represents a -298.44% decline from the average session volume which is 6.11M shares. ERIC had ended its last session trading at 9.70. Telefonaktiebolaget LM Ericsson (publ) currently has a market cap of $33.62B while its P/E earnings growth sits at 1.50, with a beta of 0.57. Telefonaktiebolaget LM Ericsson (publ) debt-to-equity ratio currently stands at 0.54, while its quick ratio hovers at 1.00. ERIC 52-week low price stands at $7.16 while its 52-week high price is $10.46.
The company in its last quarterly report recorded $0.09 earnings per share which is above the $0.06 predicted by most analysts. The Telefonaktiebolaget LM Ericsson (publ) generated $5,477.47 million in revenue during the last quarter, which is slightly higher than the $5,322.21 million predicted by analysts. In the second quarter last year, the firm recorded -$0.05 earnings per share. Compared to the same quarter last year, the firm’s revenue was up by 155.56%. Telefonaktiebolaget LM Ericsson (publ) has the potential to record -0.11 EPS for the current fiscal year, according to equities analysts.
Investment analysts at Wells Fargo published a research note on May 21st, 2019 where it informed investors and clients that Occidental Petroleum Corporation (NYSE:OXY) is now rated as Market Perform. Raymond James also rated OXY as Upgrade on December 20th, 2018, with its price target of $70 suggesting that OXY could surge by 28.19% from its current share price. Even though the stock has been trading at $53.51/share, analysts expect it to surge higher by -1.36% to reach $73.50/share. It started the day trading at $53.60 and traded between $52.47 and $52.78 throughout the trading session.
A look at its technical shows that OXY’s 50-day SMA is 62.05 while its 200-day SMA stands at 68.88. The stock has a high of $87.67 for the year while the low is $52.62. The company’s P/E ratio currently sits at 10.01, while the P/B ratio is 1.86. At the moment, only of Occidental Petroleum Corporation shares were sold short. The company’s average trading volume currently stands at 8.48M shares, which means that the short-interest ratio is just 1.65 days. Over the past seven days, the company moved, with its shift of -2.71%. Looking further, the stock has dropped -20.75% over the past 90 days while it lost -28.07% over the last six months.
The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. The Vanguard Group Inc bought more OXY shares, increasing its portfolio by +0.16% during the last quarter. This move now sees The Vanguard Group Inc purchasing 97,890 shares in the last quarter, thus it now holds 62,385,751 shares of OXY, with a total valuation of $3,673,273,019. SSgA Funds Management Inc meanwhile sold more OXY shares in the recently filed quarter, changing its stake to $2,188,940,250 worth of shares. BlackRock Fund Advisors followed the path by decreasing its OXY portfolio by -4.10% in the quarter. This means that BlackRock Fund Advisors sold -1,572,317 shares in the last quarter and now controls 36,821,300 shares of the OXY stock, with the valuation hitting $2,168,038,144.
Similarly, Capital Research Management Co increased its Occidental Petroleum Corporation shares by +7.30% during the recently filed quarter. After buying 1,867,595 shares in the last quarter, the firm now controls 27,437,315 shares of Occidental Petroleum Corporation which are valued at $1,615,509,107. In the same vein, T Rowe Price Associates Inc increased its Occidental Petroleum Corporation shares by during the most recent reported quarter. The firm bought 2,840,117 shares during the quarter which increased its stakes to 23,979,148 shares and is now valued at $1,411,892,234. Following these latest developments, around 0.10% of Occidental Petroleum Corporation stocks are owned by institutional investors and hedge funds.