For its first fiscal quarter (ending March 31), Cleveland-Cliffs Inc (NYSE: CLF) has reported E.P.S. of $-0.14 compared to $-0.11 a year ago. E.P.S. were $0.75 for the latest four quarters through March 31 versus $0.92 for the same period a year ago.
Recent Price Action
On 4/22/24, Cleveland-Cliffs Inc (NYSE: CLF) stock rose slightly by 0.2%, closing at $20.85. Trading volume in this advance was normal. The stock has been exceptionally strong relative to the market over the last nine months but has declined -3.7% during the last week.
Current PriceTarget Research Rating
CLF’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a Value Builder.
Cleveland-Cliffs has a current Value Trend Rating of A (Highest Rating). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. Cleveland-Cliffs has a very high Appreciation Score of 86 and a very high Power Rating of 87, and the Highest Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
Be the first to comment