In the latest trading session, 11.74 million Cleveland-Cliffs Inc (NYSE:CLF) shares changed hands as the company’s beta touched 1.93. With the company’s most recent per share price at $10.27 changed hands at -$0.88 or -7.85% at last look, the market valuation stands at $5.08B. CLF’s current price is a discount, trading about -123.66% off its 52-week high of $22.97. The share price had its 52-week low at $8.99, which suggests the last value was 12.46% up since then.
Analysts gave the Cleveland-Cliffs Inc (CLF) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.46. If we narrow down to specifics, the data shows that 3 out of 15 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 3 recommended CLF as a Hold, 9 felt it is a Buy and 0 rated the stock as Underweight. Cleveland-Cliffs Inc’s EPS for the current quarter is expected to be -0.55.
Cleveland-Cliffs Inc (NYSE:CLF) trade information
Instantly CLF was in red as seen in intraday trades today. With action -14.52%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 9.31%, with the 5-day performance at -14.52% in the red. However, in the 30-day time frame, Cleveland-Cliffs Inc (NYSE:CLF) is 2.65% up.
The consensus price target for the stock as assigned by Wall Street analysts is 13.75, meaning bulls need an upside of 25.31% from its recent market value. According to analyst projections, CLF’s forecast low is 11 with 16.5 as the target high. To hit the forecast high, the stock’s price needs a -60.66% plunge from its current level, while the stock would need to soar -7.11% for it to hit the projected low.
Cleveland-Cliffs Inc (CLF) estimates and forecasts
Year-over-year growth is forecast to reach 6.91% up from the last financial year.
Consensus estimates given by 4 financial analysts project the company’s revenue in the current quarter to hit an average of 4.85B. 4 analysts are of the opinion that Cleveland-Cliffs Inc’s revenue for the current quarter will be 5.39B. The company’s revenue for the corresponding quarters a year ago was 5.2B and 5.09B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -6.74%. The estimates for the next quarter sales put growth at 5.90%.
The 2025 estimates are for Cleveland-Cliffs Inc earnings to increase by 42.76%.
Cleveland-Cliffs Inc (NYSE:CLF)’s Major holders
VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 9.5312% or 46.89 million shares worth $721.69 million as of 2024-06-30.
Among Mutual Funds, the top two as of Oct 31, 2024 were Pacer U.S. Cash Cows 100 ETF and iShares Core S&P Midcap ETF. With 25.93 shares estimated at $265.38 million under it, the former controlled 5.25% of total outstanding shares. On the other hand, iShares Core S&P Midcap ETF held about 3.14% of the shares, roughly 15.51 shares worth around $158.73 million.
