Price Target Analysis Freeport-McMoRan Inc. (FCX)

Marco Green
April 20, 2018

The institutional investor held 5,712 shares of the aerospace company at the end of 2017Q4, valued at $1.69 million, down from 6,913 at the end of the previous reported quarter. The company's 3-months average volume stands at 18.03 million. In current trading day Pentair plc (PNR) stock confirmed the flow of 0.97% with the final price of $71.90. The total amount of shares outstanding is 313.01M, giving the company a market capitalization of about 50.88B. Voya Financial, Inc. (NYSE:VOYA) has risen 34.91% since April 19, 2017 and is uptrending. It has outperformed by 70.80% the S&P500.

Parkwood Llc increased its stake in Freeport (FCX) by 36.71% based on its latest 2017Q4 regulatory filing with the SEC. The firm purchased 10,042 shares of the natural resource company's stock, valued at approximately $134,000. Brinker Cap invested in 20,242 shares. (FCX) stock showed the move of 4.81% with the closing price of $19.18.

Freeport-McMoRan Inc. (NYSE:FCX) has seen its SMA20 which is now 7.86%. It has outperformed by 29.65% the S&P500. The rating scale runs from 1 to 5 with 5 indicating a Strong Sell, 1 indicating a Strong Buy and 3 indicating a Hold. Therefore 68% are positive. Cabot Oil & Gas had 113 analyst reports since July 21, 2015 according to SRatingsIntel. The larger the gross profit margin, the better for the company. The rating was maintained by Macquarie Research with "Neutral" on Wednesday, September 14. The rating was maintained by RBC Capital Markets with "Hold" on Monday, August 28. Edward Jones upgraded the shares of BA in report on Tuesday, February 13 to "Buy" rating. UBS maintained Freeport-McMoRan Inc. The company was maintained on Thursday, January 26 by RBC Capital Markets. Ameriprise Financial reported 0% of its portfolio in M/I Homes, Inc. The difference between the expected and actual EPS was $0.02/share, which represents an Earnings surprise of 4.1%. VOYA's profit will be $147.52M for 15.40 P/E if the $0.86 EPS becomes a reality.

Presently, 0.10% shares of Corning Incorporated (NYSE:GLW) are owned by insiders with -27.22% six-month change in the insider ownership. A Beta component of the stock stands at 2.45.

Investors sentiment decreased to 0.92 in 2017 Q4. Its up 0.49, from 1.15 in 2017Q3.

SailPoint Technologies Holdings, Inc. 23 funds opened positions while 67 raised stakes. About 6.01 million shares traded. Amalgamated Bancorporation holds 0.05% or 34,610 shares in its portfolio. Jefferies Group Inc Lc stated it has 22,904 shares. Credit Suisse Ag holds 0% of its portfolio in M/I Homes, Inc. Cornerstone Advsr has invested 0.02% in Freeport-McMoRan Inc. (NYSE:FCX). Metropolitan Life Ins Ny holds 221,084 shares. Cubist Systematic Strategies Limited Liability Corporation has invested 0% in Voya Financial, Inc. (NYSE:VOYA). Denver Advsrs Lc accumulated 65,306 shares. Canada Pension Plan Investment Board holds 0.06% or 1.71 million shares. (NYSE:MHO) for 57,658 shares. Forbes J M Limited Liability Partnership accumulated 0.2% or 3,006 shares. State Street owns 759,302 shares for 0% of their portfolio. Advantage Investment Management LLC bought a new stake in shares of Freeport-McMoRan during the fourth quarter valued at $117,000. Analysts forecast that Freeport-McMoRan Inc will post $1.05 EPS for the current fiscal year. Therefore 22% are positive. Freeport-McMoran Copper & Gold had 102 analyst reports since July 28, 2015 according to SRatingsIntel. The stock has "Buy" rating by Jefferies on Tuesday, July 18. UBS maintained the shares of FCX in report on Tuesday, March 6 with "Neutral" rating. The company was downgraded on Friday, January 8 by Macquarie Research. Deutsche Bank maintained it with "Buy" rating and $17 target in Saturday, August 29 report.

Returns and Valuations for Freeport-McMoRan Inc. The company was downgraded on Wednesday, September 14 by Morgan Stanley. The firm has "Outperform" rating given on Monday, May 16 by Cowen & Co.

Investors sentiment decreased to 0.92 in Q4 2017. Its down 0.08, from 1 in 2017Q3. 78 funds opened positions while 182 raised stakes. SCHOTTENSTEIN ROBERT H had sold 78,300 shares worth $2.52 million on Monday, October 30. The firm has fifty days moving average percentage of 0.72% to its latest price change. Seaport Global maintained the shares of BA in report on Wednesday, January 17 with "Buy" rating. Scotiabank restated a "hold" rating and issued a $19.00 target price on shares of Freeport-McMoRan in a research report on Monday, January 8th. (NYSE:FCX) for 1.54 million shares. Johnson Inv Counsel owns 19,236 shares. Pennsylvania-based Veritable LP has invested 0.02% in Freeport-McMoRan Inc. Freeport-McMoRan Inc. (FCX) recently closed with rise of 7.86% to its 20-Day Simple Moving Average. (NYSE:FCX) for 257,687 shares. The MF Rank of Freeport-McMoRan Inc. (NYSE:FCX). 460,110 were reported by Bedell Frazier Counseling Llc. Ubs Asset Americas, a Illinois-based fund reported 9,899 shares. (NYSE:FCX) is 48. The more stable the company, the lower the score. Etrade Capital Mngmt reported 0.03% in Freeport-McMoRan Inc.

Avalon Advisors Llc, which manages about $4.06B and $3.26B US Long portfolio, decreased its stake in Alphabet Inc by 539 shares to 33,839 shares, valued at $35.65 million in 2017Q4, according to the filing. It also reduced its holding in Priceline Group Inc/The (NASDAQ:PCLN) by 300 shares in the quarter, leaving it with 1,796 shares, and cut its stake in Ferrari Nv.

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