Is It Crazy To Buy Schlumberger Limited (SLB) And New York Community Bancorp, Inc. (NYCB)?

    The shares of Schlumberger Limited (NYSE:SLB) has been pegged with a rating of Buy by Gabelli & Co in its latest research note that was published on June 27th, 2019. The research company has also assigned a $55 price target. Gabelli & Co wasn’t the only research firm that published a report of Schlumberger Limited, with other equities research analysts also giving their opinion on the stock. BofA/Merrill advised investors in its research note published on June 25th, 2019, to Buy the SLB stock while also putting a $51 price target. The stock had earned Buy rating from Stifel when it published its report on June 7th, 2019. That day the Stifel set price target on the stock to $50. The stock was given Sell rating by Tudor Pickering in its report released on April 22nd, 2019. Jefferies was of a view that SLB is Hold in its latest report on March 15th, 2019 while giving it a price target of $45. Goldman thinks that SLB is worth Buy rating. This was contained in the firm’s report on March 11th, 2019 in which the stock’s price target was also moved to $55.

    Amongst the analysts that rated the stock, 1 have recommended investors to sell it, 11 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 $49.03. The price of the stock the last time has raised by 8.29% 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 37.55.

    The shares of the company dipped by -0.62% during the trading session on Wednesday, reaching a low of $33.62 while ending the day at $33.69. During the trading session, a total of 6.41 million shares were traded which represents a 37.52% incline from the average session volume which is 10.26M shares. SLB had ended its last session trading at 33.90. Schlumberger Limited currently has a market cap of $46.63B, while its P/E ratio stands at 22.40, while its P/E earnings growth sits at 1.42, with a beta of 1.54. Schlumberger Limited debt-to-equity ratio currently stands at 0.48, while its quick ratio hovers at 1.00. SLB 52-week low price stands at $31.11 while its 52-week high price is $65.61.

    The company in its last quarterly report recorded $0.35 earnings per share which is below the $0.35 predicted by most analysts. The Schlumberger Limited generated $8,269.00 million in revenue during the last quarter, which is slightly higher than the $8,110.67 million predicted by analysts. In the second quarter last year, the firm recorded $0.30 earnings per share. Compared to the same quarter last year, the firm’s revenue was up by 14.29%. Schlumberger Limited has the potential to record 1.50 EPS for the current fiscal year, according to equities analysts.

    Investment analysts at JP Morgan published a research note on August 1st, 2019 where it informed investors and clients that New York Community Bancorp, Inc. (NYSE:NYCB) is now rated as Neutral. Their price target on the stock stands at $11.50. BofA/Merrill also rated NYCB as Reiterated on June 25th, 2019, with its price target of $51 suggesting that NYCB could surge by 3.78% from its current share price. Even though the stock has been trading at $11.37/share, analysts expect it to surge higher by 0.70% to reach $11.90/share. It started the day trading at $11.51 and traded between $11.40 and $11.45 throughout the trading session.

    A look at its technical shows that NYCB’s 50-day SMA is 10.60 while its 200-day SMA stands at 10.79. The stock has a high of $12.72 for the year while the low is $8.61. The company’s P/E ratio currently sits at 14.89, while the P/B ratio is 0.86. At the moment, only of New York Community Bancorp, Inc. shares were sold short. The company’s average trading volume currently stands at 5.10M shares, which means that the short-interest ratio is just 10.15 days. Over the past seven days, the company moved, with its shift of 2.51%. Looking further, the stock has raised 11.82% over the past 90 days while it lost -6.45% over the last six months.

    The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. BlackRock Fund Advisors sold more NYCB shares, decreasing its portfolio by -0.26% during the last quarter. This move now sees BlackRock Fund Advisors selling -125,693 shares in the last quarter, thus it now holds 48,990,256 shares of NYCB, with a total valuation of $564,857,652. The Vanguard Group Inc meanwhile sold more NYCB shares in the recently filed quarter, changing its stake to $499,633,606 worth of shares. Barrow Hanley Mewhinney Strau followed the path by decreasing its NYCB portfolio by -14.65% in the quarter. This means that Barrow Hanley Mewhinney Strau sold -6,304,909 shares in the last quarter and now controls 36,723,377 shares of the NYCB stock, with the valuation hitting $423,420,537.

    Similarly, Dimensional Fund Advisors LP increased its New York Community Bancorp, Inc. shares by +1.64% during the recently filed quarter. After buying 180,097 shares in the last quarter, the firm now controls 11,185,115 shares of New York Community Bancorp, Inc. which are valued at $128,964,376. In the same vein, Mondrian Investment Partners Ltd increased its New York Community Bancorp, Inc. shares by during the most recent reported quarter. The firm bought 81,665 shares during the quarter which increased its stakes to 6,620,310 shares and is now valued at $76,332,174. Following these latest developments, around 1.90% of New York Community Bancorp, Inc. stocks are owned by institutional investors and hedge funds.