New Residential Investment Corp. (NYSE:NRZ) stock went on an upward path that rose over 0.36% on Wednesday, amounting to a one-week price increase of more than 1.78%. Over the last 12 months, NRZ stock rose by 4.09%. The one-year NRZ stock forecast points to a potential downside of -0.09, with the average price target set at $18.00 per share. The average equity rating for NRZ stock is currently 1.70, trading closer to a bullish pattern in the stock market.
The market cap for NRZ stock reached $6.87 billion, with 415.52 million shares outstanding and 413.85 million shares in the current float. Compared to the average trading volume of 3.31M shares, NRZ reached a trading volume of 2545261 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about New Residential Investment Corp. (NRZ)?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for NRZ shares is $18.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on NRZ stock is a recommendation set at 1.70. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Argus have made an estimate for New Residential Investment Corp. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on December 31, 2019. The new note on the price target was released on December 02, 2019, representing the official price target for New Residential Investment Corp. stock. Previously, the target price had yet another raise to $16, while Piper Jaffray analysts kept a Neutral rating on NRZ stock.
The Average True Range (ATR) for New Residential Investment Corp. is set at 0.19, with the Price to Sales ratio for NRZ stock in the period of the last 12 months amounting to 3.27. The Price to Book ratio for the last quarter was 1.02, with the Price to Cash per share for the same quarter was set at 1.78.
How has NRZ stock performed recently?
New Residential Investment Corp. (NRZ) gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.78. With this latest performance, NRZ shares gained by 5.35% in over the last four-week period, additionally plugging by 8.25% over the last 6 months – not to mention a rise of 4.09% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for NRZ stock in for the last two-week period is set at 66.37, with the RSI for the last a single of trading hit 67.15, and the three-weeks RSI is set at 62.01 for New Residential Investment Corp. (NRZ). The present Moving Average for the last 50 days of trading for this stock 15.96, while it was recorded at 16.44 for the last single week of trading, and 15.68 for the last 200 days.
New Residential Investment Corp. (NRZ): Deeper insight into the fundamentals
Operating Margin for any stock indicates how profitable investing would be, and New Residential Investment Corp. (NRZ) shares currently have an operating margin of +42.71 and a Gross Margin at +84.02. New Residential Investment Corp.’s Net Margin is presently recorded at +40.73.
Return on Total Capital for NRZ is now 4.09, given the latest momentum, and Return on Invested Capital for the company is 9.13. Return on Equity for this stock inclined to 18.04, with Return on Assets sitting at 3.57. When it comes to the capital structure of this company, New Residential Investment Corp. (NRZ) has a Total Debt to Total Equity ratio set at 379.78. Additionally, NRZ Total Debt to Total Capital is recorded at 79.16, with Total Debt to Total Assets ending up at 71.82. Long-Term Debt to Equity for the company is recorded at 89.10, with the Long-Term Debt to Total Capital now at 18.57.
Reflecting on the efficiency of the workforce at the company, New Residential Investment Corp. (NRZ) managed to generate an average of $321,322,333 per employee. Receivables Turnover for the company is 0.40 with a Total Asset Turnover recorded at a value of 0.09.
Earnings analysis for New Residential Investment Corp. (NRZ)
With the latest financial reports released by the company, New Residential Investment Corp. posted 0.58/share EPS, while the average EPS was predicted by analysts to be reported at 0.55/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 5.50%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for NRZ. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for New Residential Investment Corp. go to -2.49%.
Insider trade positions for New Residential Investment Corp. (NRZ)
There are presently around $3,555 million, or 53.10% of NRZ stock, in the hands of institutional investors. The top three institutional holders of NRZ stocks are: VANGUARD GROUP INC with ownership of 37,409,404, which is approximately -1.371% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 26,943,960 shares of the stock with an approximate value of $444.04 million in NRZ stocks shares; and NAN SHAN LIFE INSURANCE CO., LTD., currently with $339.84 million in NRZ stock with ownership of nearly -0.957% of the company’s market capitalization.
Positions in New Residential Investment Corp. stocks held by institutional investors increased at the end of October and at the time of the October reporting period, where 176 institutional holders increased their position in New Residential Investment Corp. (NYSE:NRZ) by around 14,893,961 shares. Additionally, 159 investors decreased positions by around 21,011,993 shares, while 55 investors held positions by with 179,810,389 shares. The mentioned changes placed institutional holdings at 215,716,343 shares, according to the latest SEC report filing. NRZ stock had 46 new institutional investments in for a total of 1,978,252 shares, while 49 institutional investors sold positions of 2,568,167 shares during the same period.