28 May, 2017
(NYSE:TGT) by 3.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission.
Several institutional investors have recently bought and sold shares of the company. Clear Harbor Asset Management LLC now owns 1,331,045 shares of the shipping company's stock valued at $5,910,000 after buying an additional 100,160 shares during the period.
A number of other brokerages also recently issued reports on STNG. Malaga Cove Capital LLC now owns 147,862 shares of the shipping company's stock valued at $648,000 after buying an additional 122,362 shares during the period. Clear Harbor Asset Management LLC increased its position in Scorpio Tankers by 8.1% in the first quarter. Alpha Windward LLC now owns 9,280 shares of the technology company's stock valued at $294,000 after buying an additional 61 shares during the period.
If you look at the company's income statement over the past years, you will see that the company is constantly posting gross profit: In 2014, STNG earned gross profit of 124.82 Million, in 2015 484.29 Million gross profit, while in 2016 Scorpio Tankers Inc. The company's market cap is $614.23 million.
Looking at the current price of the stock and the 52 week high and low, it suggests that the stock is likely to go Up in the future. (STNG) lost -0.24% closing at the price of $4.19 while the previous close of STNG was $4.2. They now have a United States dollars 7 price target on the stock.
A moving average (MA) is a trend-following or lagging indicator because it is based on past prices.
Target (NYSE:TGT) last released its earnings results on Wednesday, May 17th. The shipping company reported ($0.07) earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of ($0.10) by $0.03.
12 analysts on average are expecting the company to report revenue of $131.47 Million for the current quarter. The firm's revenue was down 25.6% on a year-over-year basis. Its book value per share for the most recent quarter is $8.04 while its price to book ratio for the same period is 0.52, as for as the company's cash per share for the most recent quarter is $0.74, however its price to cash per share ratio for the same period is 5.66. On average, equities research analysts anticipate that Scorpio Tankers will post ($0.01) EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Saturday, June 10th. Stockholders of record on Thursday, May 11th will be given a dividend of $0.01 per share. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell. The ex-dividend date of this dividend is Tuesday, May 9th. Target's dividend payout ratio is 42.93%.
TRADEMARK VIOLATION NOTICE: "Short Interest in CA, Inc". If you are viewing this report on another website, it was copied illegally and republished in violation of global trademark and copyright laws. The legal version of this piece of content can be viewed at [[permalink]]. Sanford C. Bernstein started coverage on shares of Target in a report on Monday, February 6th. The company has an average rating of Buy and an average price target of $6.25. Morgan Stanley raised shares of Scorpio Tankers from an equal weight rating to an overweight rating and raised their price target for the company from $4.50 to $5.50 in a research note on Tuesday, February 14th. They now have a United States dollars 6 price target on the stock. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the stock. The stock now has an average rating of "Hold" and an average price target of $65.49. They now have a Dollars 5.5 price target on the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Consensus earnings estimates are far from flawless, but they are watched by many investors and play an important role in measuring the appropriate valuation for a stock. The disclosure for this purchase can be found here. Teachers Advisors LLC now owns 271,668 shares of the shipping company's stock valued at $1,231,000 after buying an additional 6,788 shares during the last quarter.
