Street Recommendation Roundup on NVIDIA Corporation (NASDAQ:NVDA) Cherokee Inc. (NASDAQ:CHKE)
Mar 23 2017
When we look at the Analyst Recommendations of the stock, the company has 2 rating given by Analysts where 1 stands for Strong Buy and 5 stands for Strong Sell. Summit Redstone set a $120.00 price objective on NVIDIA and gave the stock a "buy" rating in a research report on Saturday, February 11th. Brean Capital reissued a "hold" rating on shares of NVIDIA in a report on Tuesday, January 3rd. Five investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, eighteen have given a buy rating and three have assigned a strong buy rating to the company's stock.
Basically, a price target is an individual analyst's projection on the future price of a stock.
The target price for NVIDIA Corporation (Nasdaq:NVDA) is $113.59/share according to the consensus of analysts working on the stock, with an expected EPS of $0.67/share for the current quarter. Company price to earnings (P/E) ratio, which measures the relationship between the earnings of a company and its stock price, is calculated as 42.20. The stock's 50 day moving average is $106.83 and its 200 day moving average is $88.72.
Earnings per share (EPS) breaks down the profitability of the company on a single share basis, and for NVIDIA Corporation the EPS stands at 0.99 for the previous quarter, while the analysts predicted the EPS of the stock to be 0.83, suggesting the stock exceeded the analysts' expectations. After $0.99 actual EPS reported by NVIDIA Corporation for the previous quarter, Wall Street now forecasts -32.32% negative EPS growth. NVIDIA had a return on equity of 34.13% and a net margin of 23.82%.
According to 27 analysts, the Average Revenue Estimate for the current Fiscal quarter is $1.91 Billion and the Low Revenue estimate is $1.9 Billion, while the High Revenue estimate is $1.94 Billion.
Along with these its year to date performance is standing at -0.50%. Equities analysts expect that NVIDIA will post $2.83 earnings per share for the current year. Total debt to equity ratio of the company for most recent quarter is 0.49 while Long term debt to equity ratio for same time period is 0.35. Stockholders of record on Friday, February 24th were paid a $0.14 dividend. NVIDIA's payout ratio is 21.96%.
On 3/1/2017 Michael Byron, Insider, sold 750 with an average share price of $102.09 per share and the total transaction amounting to $76,567.50. During the trading on 03/17/2017, Company's stock ranged from $103.81 to $106.12.
As reported in an electronic form that was filled with the U.S. Security & Exchange Commission on March 20, 2017, Banana B Trust an insider in Hyatt Hotels Corp, made a sale of shares worth $1,607,562 Dollars in the Illinois-based company. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
Another insider trade includes Chief Executive Officer Huang (Jen-Hsun) who also initiated a transaction in which 15071 shares were traded on 8 Mar 2017 as "Sell". Relative volume is ratio between current volume and 3-month average value, intraday adjusted. The disclosure for this sale can be found here. The computer hardware maker reported $1.13 earnings per share for the quarter, topping analysts' consensus estimates of $0.83 by $0.30.
Despite the past success, investors want to know where the stock is headed from here. Pacific Crest downgraded the shares of LOCK in report on Wednesday, July 22 to "Sector Perform" rating. Geneva Advisors LLC raised its position in NVIDIA by 176.9% in the third quarter. Insiders sold 281,295 shares of company stock worth $30,288,590 over the last 90 days. Usually the RSI is considered overbought when above 70 and oversold when less than 30. Wesbanco Bank Inc. acquired a new position in NVIDIA during the fourth quarter valued at approximately $205,000. Jennison Associates LLC now owns 12,844,514 shares of the computer hardware maker's stock worth $880,106,000 after buying an additional 3,441,948 shares during the last quarter. Stephens Inc. AR now owns 1,926 shares of the computer hardware maker's stock valued at $132,000 after buying an additional 179 shares during the period.