Zacks: Subsea 7 SA (NASDAQ:SUBCY) Receives Consensus Rating of “Hold” from Brokerages
Shares of Subsea 7 SA (NASDAQ:SUBCY) have been given an average broker rating score of 3.33 (Hold) from the three brokers that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong sell rating, one has given a sell rating and one has given a strong buy rating to the company. Subsea 7 SA’s rating score has declined by 2.5% from 90 days ago as a result of various analysts’ upgrades and downgrades.
Brokers have set a 1 year consensus price objective of $4.85 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 183 out of 265 based on the ratings given to its competitors.
Several brokerages have recently issued reports on SUBCY. BNP Paribas cut Subsea 7 SA from an “outperform” rating to a “neutral” rating in a report on Monday, September 12th. Credit Suisse Group AG began coverage on Subsea 7 SA in a report on Monday. They issued an “underperform” rating for the company. Zacks Investment Research raised Subsea 7 SA from a “hold” rating to a “buy” rating and set a $11.00 price objective for the company in a report on Tuesday, July 5th. Finally, JPMorgan Chase & Co. cut Subsea 7 SA from a “neutral” rating to an “underweight” rating in a report on Tuesday, July 26th.
Shares of Subsea 7 SA (NASDAQ:SUBCY) opened at 10.16 on Tuesday. The stock has a market capitalization of $3.31 billion and a PE ratio of 184.73. Subsea 7 SA has a 52 week low of $4.86 and a 52 week high of $11.60. The company has a 50-day moving average price of $10.75 and a 200 day moving average price of $9.35.
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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