September 13, 2024
Across the recent three months, a group of 4 analysts has been voicing their opinions on Noble Corp (NYSE:NE), prompting a mixed bag of reactions that span from wildly bullish to bearish. As these top analysts continue to share their insights, a closer look at their recent ratings reveals some telling trends.
For a more nuanced view, the table below encapsulates the ratings issued over the past 90 days. According to the data, over the last 30 days, analysts have uniformly adopted a bullish stance. However, delving deeper into the preceding months, a more complex picture emerges.
Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | Total Ratings |
---|---|---|---|---|---|
2 | 1 | 1 | 0 | 0 | 4 |
1 | 0 | 0 | 0 | 0 | 1 (Last 30D) |
0 | 0 | 0 | 0 | 0 | 0 (1M Ago) |
0 | 0 | 0 | 2 | 0 | 2 (2M Ago) |
1 | 1 | 0 | 0 | 0 | 2 (3M Ago) |
The average 12-month price target for Noble Corp, as calculated based on the analysts' estimates, is $51.75. While the high and low estimates fall at $60.00 and $45.00 respectively, a closer examination of the price targets reveals a subtle yet important shift. It appears that the average price target for Noble Corp has dropped by 10.39%, potentially reflecting the analysts' reevaluation of the company's financial prospects.
Another angle from which to understand Noble Corp is to examine recent analyst actions in-depth. A thorough analysis of these ratings provides insight into their evolving stance on the company. Below is an outline of key analysts, recent ratings adjustments, and an update on their price targets.
Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
---|---|---|---|---|---|
Nikhil Gupta | Citigroup | Lowers | Buy | $45.00 | $63.00 |
Eddie Kim | Barclays | Lowers | Overweight | $55.00 | $59.00 |
Kurt Hallead | Benchmark | Maintains | Buy | $60.00 | $60.00 |
Charles Minervino | Susquehanna | Lowers | Neutral | $47.00 | $49.00 |
The market's dynamic nature is reflected in analysts' decisions to update their recommendations. Their actions could either signal a positive surge in investor optimism, or dampened expectations.
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