Transocean Ltd (Switzerland) Co (NYSE:RIG).
On September 23 the stock rating was upgraded to “Neutral” from “Underperform” with a current price target of $8.00 by Credit Suisse. Equity analyst Credit Suisse both upgraded the stock and raised the price target on September 23 changing the price target from $5.00 to $8.00 and moving the rating from “Underperform” to “Neutral”.
On September 15, 2016 the stock rating was rated “Sector Perform” by Canaccord Genuity a boost from the previous “Hold” rating. Equity analyst Scotia Howard Weil issued its first research report on the stock setting a rating of “Sector Perform”.
Citigroup raised the price target and upgraded the stock on August 25 changing the price objective from $6.00 to $11.00 and altering the rating from “Sell” to “Neutral”.
In the market the company is trading up by 1.43 percent from yesterday’s close. The stock last traded at $9.56 which is just under the 50 day moving average which is $9.88 and just a bit lower than the 200 day moving average of $10.38. The 50 day moving average went down by -3.454% whereas the 200 day average was down by -8.126%.
The company currently has a P/E ratio of 2.781 and the market cap of the company is 3.48B. As of the last earnings report the EPS was $3.43 and is projected to be $0.95 for the current year with 365,391,000 shares presently outstanding. Next quarter’s EPS is expected be $0.07 and the next full year EPS is projected to be $-0.35.