Analysts See $0.69 EPS for Cleveland-Cliffs Inc. (CLF)

September 25, 2018 - By Kristin Houston

Cleveland-Cliffs Inc. (NYSE:CLF) Logo

Analysts expect Cleveland-Cliffs Inc. (NYSE:CLF) to report $0.69 EPS on October, 19.They anticipate $0.33 EPS change or 91.67 % from last quarter’s $0.36 EPS. CLF’s profit would be $205.61M giving it 4.49 P/E if the $0.69 EPS is correct. After having $0.76 EPS previously, Cleveland-Cliffs Inc.’s analysts see -9.21 % EPS growth. The stock increased 1.97% or $0.24 during the last trading session, reaching $12.4. About 8.54M shares traded. Cleveland-Cliffs Inc. (NYSE:CLF) has risen 45.49% since September 25, 2017 and is uptrending. It has outperformed by 29.87% the S&P500.

Cleveland-Cliffs Inc. (NYSE:CLF) Ratings Coverage

Among 6 analysts covering Cleveland-Cliffs Inc (NYSE:CLF), 5 have Buy rating, 0 Sell and 1 Hold. Therefore 83% are positive. Cleveland-Cliffs Inc had 10 analyst reports since April 17, 2018 according to SRatingsIntel. Morgan Stanley maintained the shares of CLF in report on Friday, June 29 with “Equal-Weight” rating. The stock of Cleveland-Cliffs Inc. (NYSE:CLF) earned “Equal-Weight” rating by Morgan Stanley on Tuesday, April 24. FBR Capital maintained Cleveland-Cliffs Inc. (NYSE:CLF) on Monday, July 23 with “Buy” rating. The stock has “Equal-Weight” rating by Morgan Stanley on Friday, July 27. The stock has “Overweight” rating by JP Morgan on Monday, July 23. The stock of Cleveland-Cliffs Inc. (NYSE:CLF) has “Buy” rating given on Friday, April 20 by Jefferies. Citigroup maintained the shares of CLF in report on Monday, July 23 with “Buy” rating. Citigroup initiated Cleveland-Cliffs Inc. (NYSE:CLF) rating on Wednesday, June 6. Citigroup has “Buy” rating and $1100 target. Seaport Global initiated it with “Buy” rating and $1000 target in Wednesday, May 9 report. The stock of Cleveland-Cliffs Inc. (NYSE:CLF) has “Buy” rating given on Tuesday, April 17 by FBR Capital.

Cleveland-Cliffs Inc., a mining and natural resources company, produces and supplies iron ore. The company has market cap of $3.70 billion. The firm operates four iron ore mines in Michigan and Minnesota; and Koolyanobbing iron ore mining complex located in Western Australia. It has a 8.37 P/E ratio. It sells its products to integrated steel companies and steel producers in the United States and the Asia Pacific.

More news for Cleveland-Cliffs Inc. (NYSE:CLF) were recently published by: Seekingalpha.com, which released: “Cleveland-Cliffs to help launch ad campaign praising Trump tariffs” on September 14, 2018. Seekingalpha.com‘s article titled: “Cleveland-Cliffs: Next Target $15.00” and published on September 20, 2018 is yet another important article.

Cleveland-Cliffs Inc. (NYSE:CLF) Ratings Chart

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