Economy

Analysts Recommendations Cliffs Natural Resources Inc. (CLF)

Previously Cliffs Natural Resources Inc (NYSE:CLF) reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by $-0.07 with surprise factor of -38.9%. Cliffs Nat Res Inc now has $2.20B valuation.

About 53,303 shares traded.

Cleveland-Cliffs Inc, formerly Cliffs Natural Resources Inc, is a mining and natural resources company. It has outperformed by 105.56% the S&P500.

Marsico Capital Management Llc decreased Intercontinental Exchange In (ICE) stake by 32.73% reported in 2017Q2 SEC filing. 10,118,100 shares of the stock were exchanged. The Exane Derivatives holds 28,604 shares with $2.59B value, down from 41,263 last quarter. Lombard Odier Asset Mngmt (Usa) invested in 39,000 shares or 0.02% of the stock. About 745,561 shares traded or 9.95% up from the average. Ameriprise has invested 0% in Cleveland-Cliffs Inc (NYSE:CLF). It has outperformed by 15.26% the S&P500.

Investors sentiment decreased to 1.11 in 2017 Q2. The firm has a market capitalization of $2.18 billion, a P/E ratio of 33.72 and a beta of 1.65.

Several other hedge funds have also recently bought and sold shares of CLF. Finally, Northern Trust Corp raised its position in Cliffs Natural Resources by 16.8% in the 2nd quarter. (NYSE:CLF) has a 20-Day average volume of 9.63 Million. North Star Inv stated it has 200 shares. Da Davidson & Company reported 18,597 shares. James Inv Inc owns 0% invested in Cleveland-Cliffs Inc (NYSE:CLF) for 2,800 shares. For the current quarter Cliffs Natural Resources Inc (NYSE:CLF) has high EPS estimates of $0.42 in contradiction of low EPS estimates of $0.29.

On the other hand Cliffs Natural Resources Inc (NYSE:CLF) has Relative Strength Index (RSI 14) of 43.94 along with Average True Range (ATR 14) of 0.32.

Analysts expect Cleveland-Cliffs Inc (NYSE:CLF) to report $0.35 EPS on October, 26.They anticipate $0.37 EPS change or 1,850.00% from last quarter's $-0.02 EPS.

Junto Capital Management Lp holds 2.98% of its portfolio in Eaton Vance Corp for 714,552 shares. It had closed the previous session at $7.18. Carnegie Asset Management Ltd Limited Liability Company invested in 0.05% or 54,140 shares. Van Eck Associates has invested 0.02% of its portfolio in Cleveland-Cliffs Inc (NYSE:CLF). The stock of Nike Inc (NYSE:NKE) has "Market Perform" rating given on Monday, August 24 by Kelsey Advisory Group. On average, equities research analysts predict that Cliffs Natural Resources will post $0.96 EPS for the current fiscal year. Therefore 79% are positive. Cliffs Natural Resources Inc had 25 analyst reports since August 4, 2015 according to SRatingsIntel. On Monday, May 1 Rychel Eric M bought $19,649 worth of Cleveland-Cliffs Inc (NYSE:CLF) or 3,000 shares. FBR Capital initiated the stock with "Mkt Perform" rating in Friday, September 18 report. Vetr downgraded the stock to "Hold" rating in Monday, August 31 report. On Thursday, June 15 the stock rating was maintained by FBR Capital with "Buy". As per Thursday, July 20, the company rating was maintained by Cowen & Co. (NYSE:CLF) has gone stronger by 22.01%. The rating was downgraded by Macquarie Research on Friday, January 8 to "Neutral". It also reduced Nabors Industries Ltd (NYSE:NBR) stake by 837,717 shares and now owns 453,750 shares. Commerzbank Aktiengesellschaft Fi reported 533,876 shares. American Homes 4 Rent (NYSE:AMH) was reduced too.

Since April 28, 2017, it had 6 insider purchases, and 0 insider sales for $1.43 million activity. $1.26M worth of stock was bought by GONCALVES LOURENCO on Wednesday, May 3. The insider SIEGAL MICHAEL D bought $34,294. On Wednesday, May 3 BALDWIN JOHN T bought $37,902 worth of Cleveland-Cliffs Inc (NYSE:CLF) or 6,000 shares. (NYSE:HES) for 7,153 shares. Cleveland-Cliffs Inc (NYSE:CLF) has risen 122.26% since October 1, 2016 and is uptrending. Therefore 58% are positive. Check Point Software Technologies Ltd. had 57 analyst reports since September 10, 2015 according to SRatingsIntel.

The stock decreased 0.40% or $0.2 on September 29, reaching $49.37. The rating was maintained by Oppenheimer on Wednesday, June 28 with "Buy". Wedbush initiated the stock with "Neutral" rating in Wednesday, November 2 report. On Thursday, August 27 the stock rating was initiated by Wolfe Research with "Sell". The firm has "Hold" rating given on Thursday, October 13 by Canaccord Genuity. Zacks Investment Research upgraded Cliffs Natural Resources from a "sell" rating to a "hold" rating in a research note on Thursday, July 20th. The firm has "Outperform" rating given on Friday, November 13 by Credit Suisse. Its down 0.08, from 1.08 in 2017Q1. It dropped, as 57 investors sold CLF shares while 57 reduced holdings. 78 funds opened positions while 147 raised stakes. About 2.50 million shares traded. Alexandria Cap Limited Liability Corporation owns 203 shares. Bank Of America De holds 748,504 shares. Twin Mgmt Inc accumulated 110,760 shares. Focused Wealth Mngmt owns 140 shares. 415,916 are owned by Renaissance Grp Limited Liability Company. Metropolitan Life Ins accumulated 0.01% or 204,350 shares. Loomis Sayles And Lp holds 3,262 shares or 0% of its portfolio. Pacad Invest Ltd reported 500 shares or 0% of all its holdings. Jane Street Group Ltd Liability stated it has 0.13% in Nike Inc (NYSE:NKE).

Is BofI Holding, Inc. Janney Montgomery Scott Ltd Liability owns 10,959 shares or 0.01% of their U.S. portfolio. Taylor Asset Management Inc, a Ontario - Canada-based fund reported 595,200 shares.

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