The shares of Ensco Rowan plc (NYSE:ESV) has been pegged with a rating of Underperform by BofA/Merrill in its latest research note that was published on June 10th, 2019. BofA/Merrill wasn’t the only research firm that published a report of Ensco Rowan plc, with other equities research analysts also giving their opinion on the stock. RBC Capital Mkts advised investors in its research note published on May 17th, 2019, to Outperform the ESV stock. The stock had earned Overweight rating from Morgan Stanley when it published its report on April 16th, 2019. The stock was given Buy rating by HSBC Securities in its report released on March 8th, 2019. Societe Generale was of a view that ESV is Hold in its latest report on December 20th, 2018. Johnson Rice thinks that ESV is worth Buy rating. This was contained in the firm’s report on October 17th, 2018.
Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 10 believe it has the potential for further growth, thus rating it as Hold while 6 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $24.84. The price of the stock the last time has dropped by -4.21% from its Week high price while it is dropped higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 22.58.
The shares of the company dipped by -5.79% during the trading session on Wednesday, reaching a low of $7.02 while ending the day at $7.16. During the trading session, a total of 7.82 million shares were traded which represents a -28.46% decline from the average session volume which is 6.09M shares. ESV had ended its last session trading at 7.60. Ensco Rowan plc currently has a market cap of $1.42B while its P/E earnings growth sits at 0.84, with a beta of 2.32. Ensco Rowan plc debt-to-equity ratio currently stands at 0.64, while its quick ratio hovers at 1.80. ESV 52-week low price stands at $7.47 while its 52-week high price is $38.04.
The company in its last quarterly report recorded -$1.69 earnings per share which is below the -$1.57 predicted by most analysts. The Ensco Rowan plc generated $405.90 million in revenue during the last quarter, which is slightly lower than the $406.54 million predicted by analysts. In the second quarter last year, the firm recorded -$1.56 earnings per share. Compared to the same quarter last year, the firm’s revenue was up by 7.69%. Ensco Rowan plc has the potential to record -6.34 EPS for the current fiscal year, according to equities analysts.
Investment analysts at JP Morgan published a research note on April 29th, 2019 where it informed investors and clients that Grupo Financiero Galicia S.A. (NASDAQ:GGAL) is now rated as Underweight. RBC Capital Mkts also rated GGAL as Initiated on May 17th, 2019, with its price target of suggesting that GGAL could down by 0% from its current share price. It started the day trading at $34.68 and traded between $31.00 and $34.62 throughout the trading session.
A look at its technical shows that GGAL’s 50-day SMA is 25.14 while its 200-day SMA stands at 27.02. The stock has a high of $49.76 for the year while the low is $18.30. The company’s P/E ratio currently sits at 15.42, while the P/B ratio is 3.48. At the moment, only of Grupo Financiero Galicia S.A. shares were sold short. The company’s average trading volume currently stands at 1.54M shares, which means that the short-interest ratio is just 1.92 days. Over the past seven days, the company moved, with its shift of 28.36%. Looking further, the stock has raised 25.30% over the past 90 days while it gained 29.66% over the last six months.
The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. Capital Research Management Co sold more GGAL shares, decreasing its portfolio by -5.55% during the last quarter. This move now sees Capital Research Management Co selling -332,415 shares in the last quarter, thus it now holds 5,659,680 shares of GGAL, with a total valuation of $144,944,405. Morgan Stanley Investment Managem meanwhile bought more GGAL shares in the recently filed quarter, changing its stake to $83,459,661 worth of shares. RBC Global Asset Management followed the path by increasing its GGAL portfolio by +24.59% in the quarter. This means that RBC Global Asset Management bought 437,500 shares in the last quarter and now controls 2,216,609 shares of the GGAL stock, with the valuation hitting $56,767,356.
Similarly, BlackRock Investment Management increased its Grupo Financiero Galicia S.A. shares by +38.92% during the recently filed quarter. After buying 528,841 shares in the last quarter, the firm now controls 1,887,631 shares of Grupo Financiero Galicia S.A. which are valued at $48,342,230. In the same vein, AllianceBernstein LP decreased its Grupo Financiero Galicia S.A. shares by during the most recent reported quarter. The firm sold -107,560 shares during the quarter which decreased its stakes to 1,182,551 shares and is now valued at $30,285,131. Following these latest developments, around 53.40% of Grupo Financiero Galicia S.A. stocks are owned by institutional investors and hedge funds.