A Higher Rating Has Been Given to Evraz Plc (LON:EVR) By a Morgan Stanley. GBX 510.00 is The Target Price per Share

June 29, 2018 - By Karen Cook

EVRAZ plc (LON:EVR) Logo

Investors sentiment increased to 1.18 in 2018 Q1. Its up 0.15, from 1.03 in 2017Q4. It is positive, as 25 investors sold EVRAZ plc shares while 103 reduced holdings. 54 funds opened positions while 97 raised stakes. 36.89 million shares or 0.99% more from 36.53 million shares in 2017Q4 were reported.

Shelton Mgmt stated it has 2,936 shares. 34,216 are owned by Smith Asset Mgmt Group Inc L P. 20,259 are held by Paloma Prns Mngmt Com. Blackrock Incorporated, New York-based fund reported 4.48 million shares. Teachers Retirement Sys Of The State Of Kentucky has 26,948 shares for 0.03% of their portfolio. Prescott Group Mgmt Ltd holds 0.48% or 25,130 shares in its portfolio. Tower Rech Limited Liability Corporation (Trc) holds 0.05% in EVRAZ plc (LON:EVR) or 6,811 shares. Chicago Equity Prtnrs Ltd, a Illinois-based fund reported 41,125 shares. Essex Investment Mngmt Com Limited Liability holds 0.19% of its portfolio in EVRAZ plc (LON:EVR) for 17,007 shares. Commonwealth Of Pennsylvania Pub School Empls Retrmt System invested in 0.01% or 11,120 shares. New Mexico-based Hanseatic Management has invested 0% in EVRAZ plc (LON:EVR). State Treasurer State Of Michigan has 14,900 shares. Globeflex Capital Limited Partnership accumulated 26,871 shares or 0.5% of the stock. Atlantic Grp invested in 541 shares or 0% of the stock. Bb&T invested in 32,912 shares or 0.05% of the stock.

Since February 1, 2018, it had 0 insider purchases, and 12 selling transactions for $59.70 million activity. The insider Klurfeld Jason sold $73,851. Another trade for 1,396 shares valued at $129,548 was made by Pensa Paul on Tuesday, February 6. 92,422 EVRAZ plc (LON:EVR) shares with value of $8.91 million were sold by Altman Roger C. 1,336 shares valued at $129,612 were sold by SIBBALD ANDREW on Wednesday, February 21. Walsh Robert B also sold $2.12 million worth of EVRAZ plc (LON:EVR) shares. $1.81 million worth of EVRAZ plc (LON:EVR) was sold by Arellano Ostoa Augusto on Tuesday, May 1.

Evraz Plc (LON:EVR) Stock Upgrade

Morgan Stanley upgraded shares of Evraz Plc (LON:EVR) to a solid Equal weight rating in an analyst note released on Friday, 29 June. Analysts currently have a GBX 510.00 price target set on the stock. This price target would suggest a possible downside of -1.18 % from the previous stock close of the stock.

EVRAZ plc (LON:EVR) Ratings Coverage

Among 5 analysts covering Evraz (LON:EVR), 2 have Buy rating, 1 Sell and 2 Hold. Therefore 40% are positive. Evraz has GBX 510 highest and GBX 425 lowest target. GBX 379.75’s average target is -25.30% below currents GBX 508.4 stock price. Evraz had 5 analyst reports since February 12, 2018 according to SRatingsIntel. Goldman Sachs upgraded the stock to “Buy” rating in Monday, February 12 report. The stock of EVRAZ plc (LON:EVR) has “Equal Weight” rating given on Friday, June 29 by Morgan Stanley. The stock of EVRAZ plc (LON:EVR) has “Buy” rating given on Friday, April 27 by Deutsche Bank. Jefferies upgraded EVRAZ plc (LON:EVR) on Friday, March 2 to “Hold” rating.

The stock increased 0.28% or GBX 1.4 during the last trading session, reaching GBX 508.4. About 2.44 million shares traded. EVRAZ plc (LON:EVR) has 0.00% since June 29, 2017 and is . It has underperformed by 12.57% the S&P500.

Analysts await EVRAZ plc (LON:EVR) to report earnings on July, 26. They expect $1.49 earnings per share, up 40.57 % or $0.43 from last year’s $1.06 per share. EVR’s profit will be $21.51 million for 85.30 P/E if the $1.49 EPS becomes a reality. After $2.24 actual earnings per share reported by EVRAZ plc for the previous quarter, Wall Street now forecasts -33.48 % negative EPS growth.

EVRAZ plc, together with its subsidiaries, produces and distributes steel and related products. The company has market cap of 7.34 billion GBP. The firm operates through four divisions: Steel; Steel, North America; Coal; and Other Operations. It has a 10.59 P/E ratio. The Company’s products include construction products, industrial products, railway products, vanadium products, and pipes, as well as raw materials, such as iron ore, coal, and limestone products.

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