Where CNX Resources Stands With Analysts
Portfolio Pulse from Benzinga Insights
CNX Resources (NYSE:CNX) has been evaluated by 5 analysts over the last three months, showing a shift towards a more neutral stance. The average 12-month price target for CNX has increased to $21.8, up 5.83% from $20.60. Analysts from Roth MKM, Truist Securities, Piper Sandler, and Mizuho have adjusted their ratings and price targets, reflecting a nuanced view of CNX's market position. Despite a significant revenue decline of -54.31% as of December 31, 2023, CNX demonstrates strong financial health with a high net margin of 130.93%, an ROE of 12.36%, and an ROA of 6.0%, alongside a conservative debt-to-equity ratio of 0.54.
April 02, 2024 | 4:01 pm
News sentiment analysis
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NEUTRAL IMPACT
CNX Resources has seen a nuanced shift in analyst sentiment, with a recent increase in its average price target to $21.8. Despite facing a significant revenue decline, the company's strong financial metrics suggest resilience.
The mixed analyst ratings and the recent increase in the average price target indicate a cautiously optimistic outlook for CNX Resources. However, the significant revenue decline poses a challenge. The company's strong financial health metrics, such as high net margin, ROE, and ROA, alongside a conservative debt management approach, provide a counterbalance to the revenue concerns. These factors contribute to a neutral short-term price direction, as the positive financial health indicators may mitigate the impact of revenue declines on investor sentiment.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100