Rio Tinto plc (ADR) (NYSE:RIO) soared 6.88% during previous trade, a total of 5.72M shares exchanged hands compared with its average trading volume of 3.25M shares whereas its relative volume is 1.56. The stock has a market capitalization of $76.09B along with 1.37B outstanding shares. Stock’s intraday price range hit the peak level of $41.01 and touched the lowest level of $40.34.
Most recently Rio Tinto plc (ADR) (NYSE:RIO)’s price target was revised on 01/09/17 and according to 5 analysts stock’s price will reach at $43.79 during 52 weeks with standard deviation of 5.44. Stock’s minimum price target estimates has been figured out at $35.24 while the maximum price target forecast is established at $49.27, if we look at the price target with an optimistic approach it has upside potential of 39% from its latest closing price of $41.
Historically, if we look at price target revisions, three weeks ago Rio Tinto plc (ADR) (NYSE:RIO)’s price target was revised on 11/28/16 by the analysts, however the bullish price estimates of the stock set at $45 while the bearish estimates kept at $35.24 over the next one year. Stock’s 52-week target was retained at $40.75, the estimates indicates a standard deviation of 5.00.
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 12/07/16 the stock of Rio Tinto plc (ADR) (NYSE:RIO) upgraded by Credit Suisse from Neutral to Outperform. However previously on 12/5/16 it was upgraded by Citigroup from Sell to Neutral. A research note issued on 10/12/16 the stock was downgraded by Citigroup from Neutral to Sell.
Rio Tinto plc (ADR) (NYSE:RIO) performance over the past one year soared 74.72% whereas its year to date (YTD) performance indicated a bullish trend of 6.60%. During the last six months the stock climbed 25.25%. Quarterly performance of the company shows optimistic momentum of 21.63% while its last one month trend is negative with -2.66%. Stock’s weekly performance expressed up trend of 5.24%.
The company’s price sits 7.24% above from its 50-day moving average of $39.30 and 25.62% far from the stock’s 200-day moving average which is $34.33. Rio Tinto plc (ADR) (NYSE:RIO)’s shares are currently trading -3.78% away from the 52-week high price of $42.61 and +97.47% 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 $34.7B meanwhile the company has high revenue estimates of $35.27B in contradiction of low revenue estimates of $34.01B. For the current year the company’s revenue estimates are $34.7B compared to low analyst estimates of $34.01B and high estimates of $35.27B according to the projection of 4 analysts.