Cliffs Natural Resources Given “Hold” Rating at TheStreet (CLF)
Cliffs Natural Resources (NYSE: CLF)‘s stock had its “hold” rating reaffirmed by TheStreet in a research note issued on Wednesday.
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.”
A number of other analysts have also recently weighed in on CLF. Analysts at UBS AG downgraded shares of Cliffs Natural Resources from an “outperform” rating to a “market perform” rating in a research note to investors on Tuesday. They now have a $27.00 price target on the stock, down previously from $50.00. Separately, analysts at BMO Capital Markets downgraded shares of Cliffs Natural Resources from an “outperform” rating to a “market perform” rating in a research note to investors on Monday. They now have a $27.00 price target on the stock, down previously from $50.00. Finally, analysts at Citigroup cut their price target on shares of Cliffs Natural Resources to $32.00 in a research note to investors on Tuesday, February 19th.
Two research analysts have rated the stock with a buy rating, eighteen have issued a hold rating, and three have assigned a sell rating to the stock. The company currently has an average rating of “hold” and a consensus price target of $32.59.
Cliffs Natural Resources opened at 23.70 on Wednesday. Cliffs Natural Resources has a 1-year low of $23.56 and a 1-year high of $73.63. The stock’s 50-day moving average is currently $32.58. The company’s market cap is $3.377 billion.
Cliffs Natural Resources last released its earnings data on Tuesday, February 12th. The company reported $0.62 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $1.30 earnings per share. The company’s quarterly revenue was down 4.2% on a year-over-year basis. Analysts expect that Cliffs Natural Resources will post $1.86 EPS 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.
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