Published: Sun, January 14, 2018
Business | By Tara Barton

How Many Rio Tinto plc (NYSE:RIO)'s Analysts Are Bearish?

The hedge fund held 124,600 shares of the precious metals company at the end of 2017Q3, valued at $5.88M, down from 172,250 at the end of the previous reported quarter. The firm has a market cap of $74,660.00 and a P/E ratio of 1,648.22.

Rio Tinto plc (LON RIO) traded up GBX 4.50 ($0.06) during mid-day trading on Friday, hitting GBX 4,170 ($56.55). It also reduced Extended Stay Amer Inc Unit 99/99/9999B (NYSE:STAY) stake by 461,405 shares and now owns 1.47M shares. It is down 0.00% since January 12, 2017 and is. It has underperformed by 16.70% the S&P500. The Lord Abbett & Company holds 438,814 shares with $20.71M value, up from 412,188 last quarter. Neville Rodie & Shaw Inc who had been investing in Rio Tinto Plc Adr Sponsored for a number of months, seems to be bullish on the $92.66 billion market cap company. The stock decreased 0.19% or $0.1 during the last trading session, reaching $52.3. About 1.92M shares traded.

Rio Tinto plc is a mining and metals company. It has outperformed by 27.03% the S&P500.

Among 19 analysts covering Spectra Energy Partners LP (NYSE:SEP), 9 have Buy rating, 2 Sell and 8 Hold. Therefore 33% are positive. On Thursday, October 29 the stock rating was downgraded by Liberium to "Sell". On Monday, November 13 the stock rating was downgraded by JP Morgan to "Neutral". The firm has "Buy" rating by Cowen & Co given on Monday, July 24. The company was maintained on Tuesday, May 3 by Cowen & Co. The rating was maintained by Haitong Securities on Tuesday, January 5 with "Buy". The firm has "Outperform" rating by RBC Capital Markets given on Tuesday, August 15. Jefferies maintained it with "Buy" rating and GBX 3800 target in Friday, January 6 report.

Analysts await Federal Realty Investment Trust (NYSE:FRT) to report earnings on February, 12. They expect $0.88 EPS, up 8.64% or $0.07 from last year's $0.81 per share.

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Following the transaction, the executive vice president now owns 268,169 shares of the company's stock, valued at $16,918,782.21. Loring Wolcott Coolidge Fiduciary Limited Liability Partnership Ma holds 0.9% or 901,736 shares in its portfolio.

Investors sentiment increased to 1.54 in Q3 2017. It dropped, as 19 investors sold SEP shares while 66 reduced holdings. 95 funds opened positions while 241 raised stakes. Renaissance Tech Limited Liability Company invested in 0.01% or 277,300 shares. Utd Fincl Advisers Ltd Liability Corporation invested in 0.01% or 21,376 shares. Yhb Investment Advsr Inc owns 3,970 shares or 0.05% of their U.S. portfolio. Ls Invest Ltd Liability reported 263,775 shares. Invesco Limited accumulated 36,549 shares. Folger Nolan Fleming Douglas Mgmt holds 0.08% or 8,177 shares. Jupiter Asset Mgmt owns 337,749 shares for 0.55% of their portfolio. Neuberger Berman Group LLC boosted its stake in Rio Tinto by 49.9% in the 2nd quarter.

Riverpoint Capital Management Llc, which manages about $1.62B and $1.54B US Long portfolio, upped its stake in Honeywell Intl Inc (NYSE:HON) by 3,012 shares to 7,927 shares, valued at $1.12M in 2017Q3, according to the filing. JPMorgan Chase & Co. reissued an overweight rating and set a GBX 4,100 ($55.60) target price on shares of Rio Tinto in a research note on Tuesday, December 5th. reissued a buy rating and set a GBX 3,800 ($51.53) target price on shares of Rio Tinto in a research note on Wednesday, August 30th. Therefore 52% are positive.

Jefferies Group restated their buy rating on shares of Rio Tinto (LON:RIO) in a research report sent to investors on Monday, December 18th. On Friday, April 21 the stock rating was upgraded by BNP Paribas to "Outperform". Citigroup upgraded Rio Tinto plc (NYSE:RIO) on Monday, December 5 to "Neutral" rating. Barclays PLC reiterated an "overweight" rating and issued a GBX 4,490 ($56.03) price target on shares of Rio Tinto plc in a report on Thursday, January 26th. The firm has "Buy" rating given on Friday, June 30 by Bank of America.

1/8/2018 - Rio Tinto had its price target raised by analysts at Barclays PLC from GBX 4,300 ($58.31) to GBX 4,500 ($61.03). Jefferies maintained Rio Tinto plc (NYSE:RIO) rating on Thursday, August 31. The stock has "Sell" rating by Liberum Capital on Thursday, October 29. The firm has "Buy" rating by RBC Capital Markets given on Thursday, August 31.

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