Looking at top Wall Street opinions, Cars.com Inc. (NYSE: CARS) has recently made its way into the research list of DA Davidson – signaling that their analyst’s rating adjustment is noteworthy. This stock was downgraded to a rating of Neutral in the eyes of DA Davidson, whereas its previous rating was Buy in the eyes of DA Davidson, as reported on Tuesday, August 6th, 2019. Another heavy-hitting research note was published by Barrington Research on Tuesday August 6th, 2019, with this firm downgrading CARS to an updated rating of Mkt Perform from its previous rating of Outperform. In the past six months and three months of trading, shares of Cars.com Inc. (CARS) have moved by -64.95% and -60.74%, respectively.
Brokerage Updates Related to Cars.com Inc. (CARS) Stock
This publicly-traded organization generated losses of -1.85% over the last 5 sessions. Right now, this stock is the subject of 9 analysts’ evaluations, who – on average – have given this company’s shares a Buy rating. Of the latest market expert opinions, 1 have given an underperform rating, 0 has given a sell rating, and 2 have given a rating of Buy or better. Based on the 9 stock market experts following this company, the average 12-month price target is $19.57. Moreover, individual price targets range between $13.50-$19.00. With its recent move to $15.00, we can see that these firms project this stock will loss by -67.04% in one year.
Updates from Cars.com Inc. (CARS) SEC Form 4
This particular company’s shares have garnered a lot of attention in recent days, as insiders are unloading their holdings while having generated a 1.00% rise since the beginning of the calendar year. A Director at Cars.com Inc. (CARS) bought some of its shares in a transaction that was finalized on Aug 09. Similarly, FORBES SCOTT E bought 11,100 shares of the organization’s stock at $8.98 apiece and racked up $99,678 in earnings from the purchase. Now, FORBES SCOTT E holds 58,826 shares of the company following the exchange. A Chief Financial Officer of the organization named Sheehan Becky A, was engaged in a transaction that occurred on Aug 08 that managed to be worth $46,150 from the purchase of 5,000 common shares at a price of $9.23 per individual share.
Cars.com Inc. (NYSE:CARS) Results in the Pipeline
The next scheduled release of financial results for Cars.com Inc. will be for the Jun-19 quarter. As it stands right now, market analysts are anticipating the per-share earnings for the three-month period will be $0.40. In the same vein, they expect sales for the quarter to amount to $160.05 million.
Now let’s turn to earnings surprise history: in the most recent quarter, the company reported about $148.21 million in revenue alongside EPS at $0.30. On average, the analyst projection was calling for $154.20 million with $0.31 per share in earnings, respectively. In the preceding quarter, this company’s revenue reached $164.35 million, with earnings per share ending up at $0.14.
TransEnterix, Inc. (NYSE:TRXC) experienced a drop of -3.12% from the closing price in the previous trading day. That drove the price to $0.95 per share, as observed on January 1st, 1970, at a time when the total trading volume reached 7,192,867 shares of stock – compared to the typical average of 2.35M shares per day (as recorded over the past three months). The consensus estimate for these shares has been shifted to $1.38.
Pricing Indications for TransEnterix, Inc. (TRXC)
This organization has had a price-to-earnings ratio of in the last year. Meanwhile, it gained 1.29 from its observable 50-day simple moving average. Right at this moment, the per-share value is -56.20% lower than the mean per-share price over the last 200 days in the market.
TransEnterix, Inc. (NYSE:TRXC) In-Depth Brokerage Insights
We can see that a number of brokerage firms are putting their focus onto this stock. Out of this group, 0 have a sell rating, 3 have a Buy rating, 1 have an outperform rating, while 2 provided a Hold rating for these shares – thanks to data from Thomson Reuters I/B/E/S. Additionally, 0 have recommended that these shares are an Underperforming investment. The current consensus recommendation is at 2.00, based on information from Thomson Reuters.
TRXC Stock Value Potential
In trading activity as of late, this stock’s value was 2.16 up from its 200 day moving average, while also -26.79% down when compared against its 50-day simple moving average. Over the course of the past year of trading, the share price stuck in the range of $1.00-$1.50. The market value for the entire organization reached 176.98M. In the last trading session, the price ended the day at $0.98. The institutional holdings related to this organization account for 2.60%, and the Beta factor is now 2.47. This company’s RSI (Relative Strength Index) managed to hit 33.82.
TransEnterix, Inc. (NYSE:TRXC) Analyst Points of Focus
TransEnterix, Inc. (TRXC) has found itself inside of RBC Capital Mkts’s research list, so their analyst rating adjustment is worth taking note of. This stock was downgraded to Sector Perform, compared to its previous rating of Outperform by RBC Capital Mkts, as garnered from a news report on Thursday August 8th, 2019. An additional helpful research note was sent out by Piper Jaffray’s on Wednesday May 22nd, 2019. The brokerage decided to initiated TRXC to Neutral.