Transocean LTD RIF shares are trading down just under 17 percent over the past month entering Wednesday’s open, and the Vetr community has upgraded the company to 3.5 stars. A great earnings report in early August showed a 1,800 percent beat on projected EPS in the company’s second quarter.
See how crowd sourced ratings can help predict the market?
Vetr members have given Transocean a Buy rating and a $10.74 price target. This price target is higher than the $9.81 price target from Wall Street analysts. The company opened Wednesday around $10.10.
Of all Vetr raters, 62.5 percent believe traders and investors should purchase Transocean stock.
For Vetr’s full analysis of Transocean, go here.
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