Cliffs Natural Resources’s Hold Rating Reaffirmed at TheStreet (CLF)
Cliffs Natural Resources (NYSE: CLF)‘s stock had its “hold” rating reiterated by equities research analysts at TheStreet in a research note issued to investors on Monday.
The analysts wrote, “Cliffs Natural Resources (CLF) has been reiterated by TheStreet Ratings as a hold with a ratings score of C- . The company’s strongest point has been its a solid financial position based on a variety of debt and liquidity measures that we have looked at. At the same time, however, we also find weaknesses including deteriorating net income, disappointing return on equity and poor profit margins.”
Other equities research analysts have also recently issued reports about the stock. Analysts at Bank of America reiterated a “neutral” rating on shares of Cliffs Natural Resources in a research note to investors on Monday. They now have a $25.00 price target on the stock, down previously from $30.00. Separately, analysts at CIBC cut their price target on shares of Cliffs Natural Resources from $45.00 to $42.00 in a research note to investors on Wednesday, March 13th. They now have a “sector perform” rating on the stock. Finally, analysts at RBC Capital cut their price target on shares of Cliffs Natural Resources from $30.00 to $28.00 in a research note to investors on Tuesday, March 12th. They now have a “sector perform” rating on the stock.
Two analysts have rated the stock with a buy rating, eighteen have assigned a hold rating, and three have given a sell rating to the company’s stock. Cliffs Natural Resources has a consensus rating of “hold” and an average price target of $32.29.
Cliffs Natural Resources (NYSE: CLF) traded down 1.58% on Monday, hitting $21.74. Cliffs Natural Resources has a 52-week low of $21.35 and a 52-week high of $73.63. The stock’s 50-day moving average is currently $29.66. The company’s market cap is $3.098 billion.
Cliffs Natural Resources (NYSE: CLF) last issued its quarterly earnings data on Tuesday, February 12th. The company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.07. The company had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.53 billion. During the same quarter in the previous year, the company posted $1.30 earnings per share. The company’s revenue for the quarter was down 4.2% on a year-over-year basis. On average, analysts predict that Cliffs Natural Resources will post $1.75 earnings per share for the current fiscal year.
Cliffs Natural Resources Inc. is an international mining and natural resources company. The Company is an iron ore producer and a producer of metallurgical coal.
To view TheStreet’s full report, visit www.thestreetratings.com
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