Stocks in Analyst Viewfinder: Ross Stores, Inc. (NASDAQ:ROST), Barrick Gold Corporation (NYSE:ABX)

June 27, 2017

Ross Stores, Inc. (NASDAQ:ROST) shares are trading -0.39% thus far today and have traded in the range of 56.20 – 56.75 during the current session. In order to take a look at where the stock might headed longer term, we can also look at different sets of data. Sell-side research firms currently have a consensus one year price target of $72.05 on the stock according to First Call. This number can often vary from the Zacks or FactSet mean targets. The sell-side analysts are projecting earnings per share of $0.67 for the next fiscal quarter. For the current year, analysts are predicting earnings of $3.16 per share according to First Call.

Stock Technicals in Focus

In looking at where the stock is trading on a technical level, the stock is trading -9.94% away from its 50 day moving average of $62.72. Based on the most recent available data, the equity is -19.09% off of its 52-week high of $69.81 and +7.07% away from its 52-week low which is $52.75. In taking a look at the company’s valuation, the firm’s price to earnings ratio stands at 19.35. This is a crucial indicator investors watch as higher ratios compared to peers, would suggest higher future earnings growth potential for the stock. The price to current year EPS estimates from research analysts currently stands at 17.87. In looking further ahead, potential investors should note that the company’s price to next year’s EPS estimates is 16.47.

Today, the stock opened at $56.62 and the last bid at the time of writing stood at $56.48. During the session thus far, the equity dipped down to $56.20 and touched $56.75 as the high point. Ross Stores, Inc. has a market cap of 21.98B and has seen an average daily volume of 2817210 over the past three months.

For the current quarter, analysts are expecting Barrick Gold Corporation (NYSE:ABX) to report EPS of $0.22. This consensus estimate is provided by Zacks Research. After the period that ended on 2017-03-31, Barrick Gold Corporation (NYSE:ABX) reported an EPS actual of $0.14. The difference between the actual and estimate resulted in a surprise factor of -41.67%. The company is expected to release their next earnings report on or around 2017-07-26. Interested parties will be watching to see how company results compare to what the Street was projecting for the fiscal period.

Shares of Barrick Gold Corporation (NYSE:ABX) have a current ABR or average broker rating of 2.53. This consensus recommendation is also provided by Zacks Research. The recommendation falls on a scale between 1 and 5. A broker rating of 1 would translate into a Strong Buy. A rating of 5 would indicate a Strong Sell recommendation. This consensus broker rating may help shed some light on how the sell-side is currently viewing company stock.

Covering analysts often provide target price projections for company shares. The current Zacks consensus target price on shares of Barrick Gold Corporation (NYSE:ABX) is $20.705. The top analyst target is $27, and the lowest target is $15 on the stock. Because of the different techniques used to gauge a company target price, estimates may be quite different from one analyst to another.

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