Analyst Estimates

Changes to Broker Targets on: Rio Tinto plc (ADR) (NYSE:RIO)

Rio Tinto plc (ADR) (NYSE:RIO) soared 1.75% during previous trade, a total of 2.44M shares exchanged hands compared with its average trading volume of 4.06M shares whereas its relative volume is 0.63. The stock has a market capitalization of $72.04B along with 1.37B outstanding shares. Stock’s intraday price range hit the peak level of $39.04 and touched the lowest level of $37.94.

Most recently Rio Tinto plc (ADR) (NYSE:RIO)’s price target was revised on 11/28/16 and according to 4 analysts stock’s price will reach at $42.18 during 52 weeks with standard deviation of 5.00. Stock’s minimum price target estimates has been figured out at $35.24 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 23% from its latest closing price of $39.02.

Historically, if we look at price target revisions, one weeks ago Rio Tinto plc (ADR) (NYSE:RIO)’s price target was revised on 11/21/16 by the analysts, however the bullish price estimates of the stock set at $42 while the bearish estimates kept at $33.92 over the next one year. Stock’s 52-week target was retained at $39.21, the estimates indicates a standard deviation of 4.66.

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 29.37% whereas its year to date (YTD) performance indicated a bullish trend of 41.27%. During the last six months the stock climbed 32.62%. Quarterly performance of the company shows optimistic momentum of 25.35% while its last one month trend is positive with 13.27%. Stock’s weekly performance expressed down trend of -0.84%.

The company’s price sits 11.44% above from its 50-day moving average of $36.18 and 25.14% far from the stock’s 200-day moving average which is $32.34. Rio Tinto plc (ADR) (NYSE:RIO)’s shares are currently trading -2.91% away from the 52-week high price of $40.19 and +87.93% far from the 52-week low price of $20.76.

According to 4 analysts, Rio Tinto plc (ADR) (NYSE:RIO)’s revenue estimates for the current quarter are $34.85B meanwhile the company has high revenue estimates of $35.27B in contradiction of low revenue estimates of $34.42B. For the current year the company’s revenue estimates are $34.85B compared to low analyst estimates of $34.42B and high estimates of $35.37B according to the projection of 4 analysts.

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