Evaluating Cleveland-Cliffs: Insights From 4 Financial Analysts
Portfolio Pulse from Benzinga Insights
Four financial analysts have recently evaluated Cleveland-Cliffs (NYSE:CLF), showing a consensus towards a neutral to somewhat bearish outlook with three indifferent and one somewhat bearish rating. The average 12-month price target for CLF is now $19.62, marking a 5.45% decrease from the previous target. Analysts from Morgan Stanley, Citigroup, and Exane BNP Paribas have provided insights, with price targets ranging from $16.50 to $22.00. Cleveland-Cliffs, a North American steel producer and iron ore pellet manufacturer, has shown a revenue growth of 1.35% over the past three months but lags in net margin and ROE compared to industry averages.
March 26, 2024 | 6:00 pm
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Cleveland-Cliffs has received a neutral to somewhat bearish outlook from four analysts, with an average 12-month price target of $19.62, indicating a 5.45% decrease from the previous target. Despite a revenue growth of 1.35% over the past three months, the company's net margin and ROE are below industry averages.
The neutral to somewhat bearish ratings from analysts, combined with a decrease in the average price target, suggest a cautious outlook for Cleveland-Cliffs in the short term. The company's below-average net margin and ROE, despite revenue growth, further contribute to potential concerns about its financial health and operational efficiency, likely impacting investor sentiment negatively.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100