Cliffs Natural Resources Inc. (NYSE:CLF) Analyst Estimates
Cliffs Natural Resources Inc. (NYSE:CLF) stock is presently standing at about $9.05 and lots of equity research firms seem to have a target price set on the stock. The median one-year price target of 8 analysts covering the company is $9.00, which suggests the stock could still rise over -1 percent. The highest analyst price target is $15.00, which implies a rally of 34 percent. And a quick view of analyst notes show that 2 are rating the stock a buy while 0 rate CLF a strong buy. There are 5 equity research firms advocating a Hold and 0 consider it Sell.
Morgan Stanley analysts provided their view on Cliffs Natural Resources Inc. (NYSE:CLF) recently. The rating firm issued a Equal-Weight rating to this company in a research note released on Nov 14, 2016. Macquarie analysts disclosed their opinion on Cliffs Natural Resources Inc. (NYSE:CLF) recently. The rating firm gave a Outperform rating to this stock in a research note published on Jun 10, 2016. According to a research note disclosed on May 31, 2016, analysts at JP Morgan have upped their rating on these shares from Neutral to Overweight.
Cliffs Natural Resources Inc. (NYSE:CLF) Transactions Roundup
Several insiders were part of recent insider activity for the stock. Its Director Fisher Robert P Jr Purchased 4,000 company shares for 22640, in a transaction on 2016-11-03. Following the transaction, the Director is left with a stake of 58,663 shares, currently valued at $530900. Meanwhile, Director Rychel Eric M purchased 5,000 shares worth $27750, through a transaction dated 2016-11-02. Following the completion of the transaction, the insider is left with a stake of 11,845 shares, amounting $107197.25. CLF Director GREEN SUSAN MIRANDA also purchased 1,770 shares, at a stock price of $5.65. This transaction occurred on 2016-11-01 totals $10000. After this transaction, the insider’s stake stands at 57,841 shares, with a market value of $523461.
Executives hold 2.81 percent of the stock. C. Lourenco Goncalves is one of the biggest insider owners in Cliffs Natural Resources Inc. (NYSE:CLF), according to U.S. Securities and Exchange Commission (SEC) filings. The insider owns 2,655,296 shares which have current market value of around $24030428.8.P. Kelly Tompkins is another major inside shareholder in the company. The insider owns 496,596 shares as of 0.21%, currently worth $4494193.8. Mr. Clifford T. Smith is ranked as third insider holder of the stock. This insider holds 369,058 shares with a market value around $3339974.9 as of recent close.
Cliffs Natural Resources Inc. (NYSE:CLF) Earnings Outlook
In Cliffs Natural Resources Inc. (NYSE:CLF)’s latest quarter, EPS moved to $0.34 from $-0.12 in preceding quarter and revenues reached at $754.00M compared to $553.30M. Analysts had expected Cliffs Natural Resources Inc. (NYSE:CLF) to post net income of about $0.23 per share on $675.24M in revenue. Looking ahead, analysts on average predict that earnings for the current quarter would come in in the range of $0.06 to $0.25. That is compared with the $-0.33 in EPS it reported during the same period a year ago.