Cliffs Natural Resources Now Covered by Analysts at Brean Capital (CLF)
Investment analysts at Brean Capital began coverage on shares of Cliffs Natural Resources (NYSE:CLF) in a note issued to investors on Monday, TheFlyOnTheWall.com reports. The firm set a “hold” rating and a $22.00 price target on the stock. Brean Capital’s price objective points to a potential downside of 1.61% from the stock’s previous close.
Cliffs Natural Resources (NYSE:CLF) last posted its quarterly earnings results on Thursday, October 24th. The company reported $0.68 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.61 by $0.07. The company had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.44 billion. During the same quarter in the prior year, the company posted $0.61 earnings per share. The company’s quarterly revenue was up .1% on a year-over-year basis.
A number of other analysts have also recently weighed in on CLF. Analysts at Zacks upgraded shares of Cliffs Natural Resources from a “neutral” rating to an “outperform” rating in a research note to investors on Monday, January 6th. They now have a $30.00 price target on the stock. Separately, analysts at Clarkson Capital initiated coverage on shares of Cliffs Natural Resources in a research note to investors on Wednesday, December 18th. They set a “market perform” rating on the stock. Finally, analysts at Sanford C. Bernstein initiated coverage on shares of Cliffs Natural Resources in a research note to investors on Thursday, December 12th. They set a “market perform” rating and a $25.00 price target on the stock. Five investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $25.58.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.