Director Rychel Eric M acquired 5,000 shares in Cleveland-Cliffs Inc. (NYSE:CLF) for $19,845 in transaction occurred on 2018/04/27. After making this transaction, the Director owns a direct stake of 37,400 shares, worth $170,667, as per the last closing price. On 2018/03/06 Green Susan Miranda, Director at CLF, dumped 11,305 shares at an average price of $7.62 per share. The selling total is valued at $519,156.
Separately, it had been reported that some other CLF insiders also took part of the insider trading activity. Chairman, President & CEO, Goncalves Lourenco had invested in 100,000 shares for $3,586,970 through a trade on 2017/09/15. Following this activity, the insider holds 711,000 shares worth $30,847,942 as of recent close. Wall Street’s most bullish Cleveland-Cliffs Inc. (NYSE:CLF) analysts are predicting the share price to blow past $15 per share during the next 12 months. The current median share price forecast by them is $11, suggesting that the stock could increase 27.91% in that time frame. The average price target of $11.68 calls for a nearly 35.81% increase in the stock price.
Cleveland-Cliffs Inc. (CLF) trading activity significantly weakened as the volume at ready counter decreased to 6,008,375 shares versus 8,085,990 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 8,108,388 shares. The share price dropped -1.83% in recent trade and currently has a stock-market value of $2.61B. The shares finished at $8.6, after trading as low as $8.5 earlier in the session. It hit an intraday high Friday at $8.75. The stock is now 36.51% above against its bear-market low of $6.3 on February 09, 2018. It has retreated -52.33% since it’s 52-week high of $13.1 reached in September. Now the market price is up 6.83% on the year and up 11.83% YTD.
CLF’s 50 day simple moving average (SMA 50) price is $9.08 and its 200-day simple moving average (SMA 200) price is $9.35. The company’s stock currently has a total float of 295.37M shares. Its weekly volatility is hovering around 4.75% and felt 6% volatility in price over a month. On the upside, the share price will test short term resistance at around $8.73. On a downside, the stock is likely to find some support, which begins at $8.48. The failure to get near-term support could push it to $8.37.
It had seen a new analyst call from Cowen, which initiated the stock at Market Perform on January 09. Analysts at Credit Suisse, shed their positive views on October 15 by lowering it fromOutperform to Neutral. Brokerage firm B. Riley FBR, looks cautious as they stick to prior recommendation of Buy, in a call on September 26. However, they did change the target price from $13 to $15.
When looking at valuations, Cleveland-Cliffs Inc. (CLF) has a cheap P/E of 8.17x as compared to industry average of 10.53x. Moreover, it trades for 5.36 times the next 12 months of expected earnings. Compared to others, Cleveland-Cliffs Inc. is in a different league with regards to profitability, having net margins of 37%. To put some perspective around this, the industry’s average net margin is 5.07%. CLF’s ROE is -250.7%, which is also considerably worse than the industry’s ROE of 6.98%. It’s also very liquid in the near term, with a current ratio of 4.3. The stock has a debt/capital of 0.
Shares of Cleveland-Cliffs Inc. (CLF) have dropped -25.1% since the company’s Mar-19 earnings report. Over the past 12 fiscal quarters, Cleveland-Cliffs Inc. (NYSE:CLF) has topped consensus earnings estimates in 9 quarters (75%), missed earnings in 3 quarters (25%), whereas at 0 occasion EPS met analyst expectations. CLF last reported earnings on October 19, 2018 when it released Sep-18 results that receded expectations. The company raked in $0.64 per share, -78.6% change on the same period last year. That was worse than consensus for $0.66. Revenue for the recent quarter stood at $741.8 million, up 6% on last year and above the $720.97 million predicted by analysts. For this quarter, Wall Street analysts forecast revenue in a range of $169.54 million to $242.94 million, which should be compared with $412.01 million generated last year. EPS is seen in a range of $0.38 to $0.71, against the $0.13 reported a year ago.