Analyst Scoreboard: 8 Ratings For Cleveland-Cliffs

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Cleveland-Cliffs CLF has been analyzed by 8 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish.

The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.

Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish
Total Ratings 3 1 3 0 1
Last 30D 0 0 0 0 1
1M Ago 1 0 0 0 0
2M Ago 1 1 1 0 0
3M Ago 1 0 2 0 0

Analysts have set 12-month price targets for Cleveland-Cliffs, revealing an average target of $20.92, a high estimate of $27.20, and a low estimate of $10.13. A 5.98% drop is evident in the current average compared to the previous average price target of $22.25.

Investigating Analyst Ratings: An Elaborate Study

A comprehensive examination of how financial experts perceive Cleveland-Cliffs is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.

Analyst Analyst Firm Action Taken Rating Current Price Target Prior Price Target
Gordon Johnson GLJ Research Announces Sell $10.13 -
Christopher LeFemina Jefferies Announces Buy $22.00 -
Carlos De Alba Morgan Stanley Lowers Equal-Weight $19.00 $20.00
Lucas Pipes B. Riley Securities Lowers Buy $24.00 $25.00
Bill Peterson JP Morgan Lowers Overweight $23.00 $24.00
Gordon Johnson GLJ Research Announces Buy $27.20 -
Carlos De Alba Morgan Stanley Maintains Equal-Weight $20.00 $20.00
Alexander Hacking Citigroup Announces Neutral $22.00 -

Key Insights:

  • Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Cleveland-Cliffs. This information offers a snapshot of how analysts perceive the current state of the company.
  • Rating: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Cleveland-Cliffs compared to the broader market.
  • Price Targets: Analysts provide insights into price targets, offering estimates for the future value of Cleveland-Cliffs's stock. This comparison reveals trends in analysts' expectations over time.

For valuable insights into Cleveland-Cliffs's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.

Stay up to date on Cleveland-Cliffs analyst ratings.

About Cleveland-Cliffs

Cleveland-Cliffs Inc is a flat-rolled steel producer and manufacturer of iron ore pellets in North America. It is organized into four operating segments based on differentiated products, Steelmaking, Tubular, Tooling and Stamping and European Operations, but operates through one reportable segment -Steelmaking. It is vertically integrated from mined raw materials, direct reduced iron, and ferrous scrap to primary steelmaking and downstream finishing, stamping, tooling and tubing. It serves a diverse range of other markets due to its comprehensive offering of flat-rolled steel products. Geographically, it operates in the United States, Canada and other countries. The majority of revenue is from the United States. It is a supplier of steel to the automotive industry in North America.

Cleveland-Cliffs: Delving into Financials

Market Capitalization Analysis: The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.

Negative Revenue Trend: Examining Cleveland-Cliffs's financials over 3 months reveals challenges. As of 31 March, 2024, the company experienced a decline of approximately -1.81% in revenue growth, reflecting a decrease in top-line earnings. When compared to others in the Materials sector, the company excelled with a growth rate higher than the average among peers.

Net Margin: The company's net margin is below industry benchmarks, signaling potential difficulties in achieving strong profitability. With a net margin of -1.29%, the company may need to address challenges in effective cost control.

Return on Equity (ROE): The company's ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of -0.89%, the company may need to address challenges in generating satisfactory returns for shareholders.

Return on Assets (ROA): Cleveland-Cliffs's ROA lags behind industry averages, suggesting challenges in maximizing returns from its assets. With an ROA of -0.39%, the company may face hurdles in achieving optimal financial performance.

Debt Management: The company faces challenges in debt management with a debt-to-equity ratio higher than the industry average. With a ratio of 0.51, caution is advised due to increased financial risk.

Analyst Ratings: What Are They?

Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.

Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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