Rating and Price Target Roundup: Diamondback Energy, Inc. (NASDAQ:FANG), Canadian Pacific Railway Limited (NYSE:CP), Yelp Inc. (NYSE:YELP)

Diamondback Energy, Inc. (NASDAQ:FANG) shares are trading +1.018% thus far today and have traded in the range of 101.500 – 104.130 during the current session. In order to take a look at where the stock might headed longer term, we can also look at different sets of data. Sell-side research firms currently have a consensus one year price target of $131.200 on the stock according to First Call. This number can often vary from the Zacks or FactSet mean targets. The sell-side analysts are projecting earnings per share of $0.790 for the next fiscal quarter. For the current year, analysts are predicting earnings of $3.500 per share according to First Call.

Stock Technicals in Focus

In looking at where the stock is trading on a technical level, the stock is trading +0.448% away from its 50 day moving average of $103.252. Based on the most recent available data, the equity is -9.022% off of its 52-week high of $114.000 and +41.842% away from its 52-week low which is $73.120. In taking a look at the company’s valuation, the firm’s price to earnings ratio stands at N/A. This is a crucial indicator investors watch as higher ratios compared to peers, would suggest higher future earnings growth potential for the stock. The price to current year EPS estimates from research analysts currently stands at 29.633. In looking further ahead, potential investors should note that the company’s price to next year’s EPS estimates is 17.729.

Today, the stock opened at $102.020 and the last bid at the time of writing stood at $103.715. During the session thus far, the equity dipped down to $101.500 and touched $104.130 as the high point. Diamondback Energy, Inc. has a market cap of 9.35B and has seen an average daily volume of 1439060 over the past three months.

Research analysts covering Canadian Pacific Railway Limited (NYSE:CP) are projecting that the shares reach $172.56 within the next 12-18 months.  This is the consensus number derived from the 12 analyst reports taken into consideration. The most bullish, or aggressive analyst target pins the projected price at $216, while the most bearish, or conservative analyst sees the stock reaching $155.8.

Broker Rating Update on Canadian Pacific Railway Limited (NYSE:CP)

Zacks provides analysts with an Average Broker Rating (or ABR), basing it on sell-side recommendations. Shares of Canadian Pacific Railway Limited (NYSE:CP) currently have an ABR of 1.38. This is based on a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.  Moving to earnings estimates, for this current fiscal period, Wall Street analysts have projected that the company will post $1.9 earnings per share. This is the current Zacks consensus EPS which was calculated at the time of writing. Analysts will likely revise their estimates leading in to the actual results date.  

taking a look at the most recent period, which closed on 2016-12-31, Canadian Pacific Railway Limited reported EPS of $2.28 for a surprise factor of -3.8%, calculated by being $-0.09 away from analyst projections.

Investors will be marking their calendars for 2017-04-19, when the company is planning to release their quarterly results.

For the current quarter, analysts are expecting Yelp Inc. (NYSE:YELP) to report EPS of $-0.08. This consensus estimate is provided by Zacks Research. After the period that ended on 2016-12-31, Yelp Inc. (NYSE:YELP) reported an EPS actual of $0.13. The difference between the actual and estimate resulted in a surprise factor of 333.33%. The company is expected to release their next earnings report on or around 2017-05-04. Interested parties will be watching to see how company results compare to what the Street was projecting for the fiscal period.

Shares of Yelp Inc. (NYSE:YELP) have a current ABR or average broker rating of 2.37. This consensus recommendation is also provided by Zacks Research. The recommendation falls on a scale between 1 and 5. A broker rating of 1 would translate into a Strong Buy. A rating of 5 would indicate a Strong Sell recommendation. This consensus broker rating may help shed some light on how the sell-side is currently viewing company stock.

Covering analysts often provide target price projections for company shares. The current Zacks consensus target price on shares of Yelp Inc. (NYSE:YELP) is $42.062. The top analyst target is $52, and the lowest target is $27.5 on the stock. Because of the different techniques used to gauge a company target price, estimates may be quite different from one analyst to another.

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