Rio Tinto plc (ADR) (NYSE:RIO) soared 1.46% during previous trade, a total of 5.19M shares exchanged hands compared with its average trading volume of 3.82M shares whereas its relative volume is 1.38. The stock has a market capitalization of $72.86B along with 1.37B outstanding shares. Stock’s intraday price range hit the peak level of $39.65 and touched the lowest level of $38.86.
Most recently Rio Tinto plc (ADR) (NYSE:RIO)’s price target was revised on 11/11/16 and according to 4 analysts stock’s price will reach at $40.83 during 52 weeks with standard deviation of 5.28. Stock’s minimum price target estimates has been figured out at $32.86 while the maximum price target forecast is established at $46.46, if we look at the price target with an optimistic approach it has upside potential of 34% from its latest closing price of $39.65.
Historically, if we look at price target revisions, three weeks ago Rio Tinto plc (ADR) (NYSE:RIO)’s price target was revised on 10/19/16 by the analysts, however the bullish price estimates of the stock set at $41 while the bearish estimates kept at $32.86 over the next one year. Stock’s 52-week target was retained at $36.29, the estimates indicates a standard deviation of 4.22.
While taking an overview of recommendation trends, the stock currently has an average brokerage recommendation of 2.13. ABR value is precisely based on brokerage recommendations, where out of 8 brokerage recommendations 4 rate Rio Tinto plc (ADR) (NYSE:RIO) stock a Strong Buy, 0 rate the stocks of the company a Buy, 3 rate Hold, 1 rate Sell and 0 recommend a Strong Sell. Most recently on 10/12/16 the stock of Rio Tinto plc (ADR) (NYSE:RIO) downgraded by Citigroup from Neutral to Sell. However previously on 9/29/16 it was upgraded by CIBC from Underperform to Sector Perform. A research note issued on 9/12/16 the stock was upgraded by JP Morgan from Neutral to Overweight.
Rio Tinto plc (ADR) (NYSE:RIO) performance over the past one year soared 22.09% whereas its year to date (YTD) performance indicated a bullish trend of 43.55%. During the last six months the stock climbed 36.55%. Quarterly performance of the company shows optimistic momentum of 22.38% while its last one month trend is positive with 24.80%. Stock’s weekly performance expressed up trend of 12.39%.
The company’s price sits 19.90% above from its 50-day moving average of $34.08 and 30.94% far from the stock’s 200-day moving average which is $31.59. Rio Tinto plc (ADR) (NYSE:RIO)’s shares are currently trading -1.34% away from the 52-week high price of $40.19 and +90.97% far from the 52-week low price of $20.76.
According to consensus agreement of 5 analysts Rio Tinto plc (ADR) (NYSE:RIO) will report earnings per share of $0.44 in their quarterly report. For the current quarter the company has high EPS estimates of $0.45 in contradiction of low EPS estimates of $0.43. However a year ago for the same quarter the company has reported $0.41 EPS. Current year EPS projections for Rio Tinto plc (ADR) (NYSE:RIO) set at $2.2 according to the sentiments of 14 analysts, while its lowest earnings estimates are $2.19 and highest earnings estimates are $2.22.
According to 3 analysts, Rio Tinto plc (ADR) (NYSE:RIO)’s revenue estimates for the current quarter are $2.81B meanwhile the company has high revenue estimates of $2.89B in contradiction of low revenue estimates of $2.72B. For the current year the company’s revenue estimates are $11.52B compared to low analyst estimates of $11.03B and high estimates of $12.24B according to the projection of 9 analysts.