Shares of Subsea 7 SA (NASDAQ:SUBCY) have received a consensus broker rating score of 2.50 (Hold) from the two brokers that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a sell rating and one has assigned a strong buy rating to the company. Subsea 7 SA’s rating score has improved by 23.1% from three months ago as a result of various analysts’ upgrades and downgrades.
Brokers have set a 1 year consensus target price of $5.90 for the company and are expecting that the company will post $0.37 EPS for the current quarter, according to Zacks. Zacks has also given Subsea 7 SA an industry rank of 167 out of 265 based on the ratings given to related companies.
Several equities analysts recently weighed in on SUBCY shares. Zacks Investment Research raised shares of Subsea 7 SA from a “hold” rating to a “buy” rating and set a $11.00 target price for the company in a research note on Tuesday, August 2nd. Credit Suisse Group AG started coverage on shares of Subsea 7 SA in a research note on Monday, September 19th. They set an “underperform” rating for the company. JPMorgan Chase & Co. cut shares of Subsea 7 SA from a “neutral” rating to an “underweight” rating in a research note on Tuesday, July 26th. Finally, BNP Paribas cut shares of Subsea 7 SA from an “outperform” rating to a “neutral” rating in a research note on Monday, September 12th.
Subsea 7 SA (NASDAQ:SUBCY) opened at 11.15 on Thursday. The company’s 50 day moving average is $10.62 and its 200 day moving average is $9.73. Subsea 7 SA has a 12 month low of $4.86 and a 12 month high of $11.60. The stock has a market cap of $3.63 billion and a PE ratio of 202.73.
Subsea 7 SA Company Profile
Subsea 7 SA is a provider of seabed-to-surface engineering, construction and offshore installation services to the energy industry. The Company’s operating segments include Northern Hemisphere and Life of Field, Southern Hemisphere and Global Projects, and Corporate. The Company provides products and services for subsea field development, including project management, design and engineering, procurement, fabrication, survey, installation and commissioning of production facilities on the seabed and the tie-back of these facilities to fixed or floating platforms or to the shore.
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